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M&A in the Cannabis Sector
Over the past nearly two years, I have been talking to friends, clients, and basically anyone at parties about the slow progress (if I might be permitted to use that word in this context) of the Alabama medical cannabis...more
The Alabama medical cannabis program has been FUBAR for a while now, but there was at least some good news for two applicants last week....more
As expected, today the Kentucky Office of Medical Cannabis’ online application portal went live. The office is now accepting applications for cannabis business licenses through the online portal, which will remain open until...more
As the Kentucky Cabinet for Health and Family Services (“Cabinet”) gears up to begin accepting cannabis business license applications as early as July 1, 2024, industry stakeholders are keeping a watchful eye on several...more
Thoroughbreds shouldn’t be the only ones racing towards a finish line in Kentucky in the near future. Those vying for a precious medical cannabis business license in Kentucky’s new medical cannabis program will also need to...more
The published draft regulations are now subject to a public review and comment period. Individuals have until March 31, 2024 to submit written comments on the draft regulations to the Cabinet. In turn, if requested, the...more
Yesterday the Alabama Medical Cannabis Commission(AMCC) awarded the five coveted licenses in the Integrated Facility category. The five licenses were awarded to: 1. Trulieve AL 2. Sustainable Alabama 3. Wagon Trail...more
I feel like Bill Murray’s character in Groundhog Day. I keep writing the same blog post in some way heralding the Alabama Medical Cannabis Commission’s awarding of licenses to would-be operators. Well, on Friday it happened...more
In the coming, frenzied 90 days, the Alabama Medical Cannabis Commission likely will save or ruin the future of medical cannabis in Alabama... Last Thursday, the AMCC voted to adopt an emergency rule that, by its terms,...more
Those long-awaited proposed revisions to the Mississippi Department of Health’s medical cannabis program regulations dropped last Thursday afternoon. Thankfully, the department released a red-lined version, highlighting...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
I have literally (yes, literally) lost track of the number of times that the Alabama Medical Cannabis Commission or a court has ordered a halt to the AMCC’s efforts to issue licenses to medical cannabis operators. If you...more
Last Thursday was License Award Day 2.0 for the Alabama Medical Cannabis Commission. The more things change, the more they stay the same. Nineteen of the applicants awarded licenses in June, before the process was halted due...more
With more than $10 million in retail sales during its opening weekend and more than $20 million in retail sales during the first week, Maryland’s adult-use cannabis market is open for business. Nearly 100 of Maryland’s...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
In a shocking development only four days after announcing its intent to issue 21 licenses to cultivators, processors, dispensaries, secured transporters, laboratory testing facilities, and integrated facilities, the Alabama...more
Yesterday was a day years in the making for would-be medical cannabis operators in Alabama, as the Alabama Medical Cannabis Commission (AMCC) announced its intent to issue 21 licenses to cultivators, processors, dispensaries,...more
Minnesota’s Governor has indicated he will sign an adult use cannabis legalization bill. HF 100 (the “Final Bill”) emerged from reconciliation and was passed on May 19th The Final Bill combines Minnesota’s existing medical...more
Texas may soon dramatically expand its medical cannabis market and increase access to medical cannabis products to thousands of additional patients across the state. Currently, there are only three licensed “Dispensing...more
New York’s Office of Cannabis Management (“OCM”) posted today updates to its proposed adult-use regulations (the “Revised Regulations”), in advance of a vote of the Cannabis Control Board (the “Board”) to release them for...more
On April 28, 2023, Texas and Florida both accepted the expected dozens of applications for a limited number of medical cannabis licenses in those respective states. In the background, Kentucky recently legalized medical...more
Significant changes to DC’s medical cannabis program are currently unfolding after the Medical Cannabis Amendment Act of 2022 (MCA) went into effect last month. Previously, DC’s medical cannabis program licensed dispensaries,...more
Attorney General Garland Testifies Before Senate Judiciary Committee - U.S. Attorney General Garland testified before the Senate Judiciary Committee on March 1, 2023. In response to a question from Sen. Cory Booker (D-NJ),...more
A revamped Mississippi Medical Cannabis Act heads to Gov. Tate Reeves’s desk after both chambers amended the law in several key respects, most notably to help improve patient count numbers that have created quite a bit of...more
Maryland lawmakers are considering legislation that would regulate medical and recreational cannabis in the state. Here are a few takeaways from Senate Bill 516: •Emphasis on Social Equity: Within the Alcohol, Tobacco, and...more