In a rare move, the Supreme Court of Florida has asked for a second round of oral arguments in the Florigrown matter. As we wrote about here, this case will determine whether Florida’s medical marijuana licensing framework, which effectively requires vertical integration by each licensee, is constitutional.
Read MoreLast week, Smart and Safe Arizona reportedly filed 420,000 signatures with the Arizona Secretary of State in an effort to legalize adult-use marijuana. The proposed measure would permit those 21 or older to possess up to an ounce of cannabis and cultivate up to six plants for non-commercial purposes at home, as well as allow for the expungement of certain marijuana convictions.
Read MoreIt is hard to underestimate the impact that the coronavirus and its related fallout—economic and otherwise—will have on the cannabis industry. Some of that impact will be decidedly negative. For instance, as we wrote about recently, cash is harder to come by for cannabis companies right now.
Read MoreAs we arrive at the middle of June, the Illinois Department of Financial and Professional Regulation (IDFPR) has not issued any conditional adult-use cannabis dispensary licenses and, as we recently wrote about here, it may be a while before the licenses are issued. Nevertheless, those licenses will be issued eventually, and it is important that cannabis entrepreneurs begin evaluating their next steps.
Read MoreFull disclosure: David Belsky is a personal friend (don’t hold it against him) and his company, FlowerHire, is a firm client. He is also one of the foremost authorities on placing talent in the regulated cannabis and hemp industries. Earlier this week, Forbes posted a great interview with Belsky that we highly recommend.
Read MoreIn early January, Illinois received thousands of applications for adult-use cannabis dispensary licenses. Only 75 of those applications will be granted a license…eventually. Although the Illinois Cannabis Tax and Regulation Act (the Act) required the Illinois Department of Financial and Professional Regulation (IDFPR) to issue the licenses before May 1, 2020, Governor J.B. Pritzker and the IDFPR have delayed their issuance indefinitely due to the ongoing COVID-19 crisis.
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