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M&A in the Cannabis Sector
First, on April 17, 2024, Governor Andy Beshear signed House Bill 829, which establishes a clear timeline for new medical cannabis licensing and moves up the application process from January 1, 2025 to July 2024. Then, just...more
Recently enacted Pennsylvania Senate Bill 773 (SB773) introduces several amendments intended to expand opportunities and increase competition among existing cannabis licensees in Pennsylvania. The bill seeks to support...more
After being signed into law on August 11, 2022, Chapter 180 of the Acts of 2022, An Act Relative to Equity in the Cannabis Industry went into effect on November 9, 2022. This new statute significantly impacts the $5 billion...more
On October 11, 2023, Washington, D.C. Mayor Muriel Bowser signed D.C. Act 25-222, the Medical Cannabis Clarification and Non-Resident Patient Access Temporary Amendment Act of 2023, which extends recent changes to the...more
It has been over a year since Mississippi began accepting applications for medical cannabis licenses in July of 2022. Since then, the Mississippi cannabis industry has steadily grown, with the first legal sales beginning in...more
New York State Regulators Approve Final Adult-Use Regulations as Judge Bars New York State From Issuing New Cannabis Licenses - On September 12, state regulators approved final adult-use regulations and set October 4 as...more
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we remind everyone that retail sales of cannabis will begin on Saturday in Maryland. Florida’s attorney...more
As can occur with any new statewide medical marijuana program, there was an expected ramp-up period in Oklahoma whereby regulators and operators alike became familiar with implementing the rules and regulations of the...more
While the Ohio Legislature’s May 3, 2023, deadline to put forth adult-use legislation to avoid a ballot initiative went up in smoke, Ohioans have continued pushing forward in their attempt to legalize adult-use cannabis. And,...more
Minnesota’s adult-use cannabis bill was signed into law by Gov. Tim Walz on May 30, making The North Star State the 23rd to legalize cannabis. Read on to learn more about the law, including who will oversee cannabis...more
Minnesota is set to become the nation’s 23rd state to legalize recreational cannabis. The Minnesota State Senate approved on May 19, 2023, the final version of HF100 — a bill regulating adult-use cannabis for people 21...more
On April 25, 2023, the Minnesota House passed House File 100 (HF100), a bill authorizing adult-use cannabis, by a vote of 71-59. Three days later, the Minnesota Senate passed Senate File 73 (SF73), a companion bill to HF100,...more
Roughly two months after the introduction of cross-filed bills relating to regulating adult-use cannabis in Maryland, HB556 and SB516, the General Assembly passed a final version of the bill and sent it to Gov. Wes Moore for...more
The long-awaited expansion of Florida’s medical cannabis industry appears to finally be in the works, with a potential major expansion of licenses on the horizon. Florida health regulators announced that the state is...more
September 1 will see the Alabama Medical Cannabis Commission (“AMCC”) begin accepting requests for applications pursuant to the “Darren Wesley ‘Ato’ Hall Compassion Act,” or the “Alabama Compassion Act” (hereinafter referred...more
On July 1, 2021 Connecticut became the nineteenth state to legalize the possession and use of cannabis for recreational purposes. Upon conversion of the existing licenses held by medical marijuana growers within the next few...more
The USDA is allowing more comments on its new hemp rule. The House voted to allow marijuana research. We have an update on the Nebraska situation. Illinois’ social equity program comes under fire, while Maryland’s program is...more