MjLink Cannabis Business News and Press
There are now 31 adult-use cannabis retailers operating in the Empire State.
The award represents back-to-back recognition for the Cleantech air conditioning and refrigeration startup.
The new law also places a moratorium on this licensing category.
The new businesses are headed by justice-impacted licensees, including the first in the region supported by the state’s social equity investment fund.
The company will commence wholesale deliveries of products from its Riverhead and Rochester cultivation facilities to retail locations statewide.
The state’s growing number of licensed retailers reported more than $206 million in cannabis sales for the third quarter.
The legislation has bipartisan support, including from the co-chairs of the Congressional Cannabis Caucus.
Show-Me Organics’ focus on producing pharmaceutical-grade cannabis in Missouri--a nod to its independent pharmacy chain roots--is powered by advanced cultivation systems with careful monitoring of every aspect of the grow.
Michigan’s LightSky Farms blends traditional wine-making practices with modern LED horticulture technology to fuel its cannabis cultivation operation.
The senator, who was the lone Democrat to oppose the legislation during a committee markup in September, pressed the top bankers on the cannabis issue.
While testing is voluntary in the state’s medical cannabis program, audit testing shows that 50 of 120 samples contained at least one contaminant that would have resulted in a failed test according to mandatory testing standards in Maine’s adult-use market.
The New York Democrat says cannabis “is simply not comparable to other Schedule I substances like heroin, LSD and MDMA.”
The Empire State’s regulated adult-use retail market has struggled to pick up steam with a mere 27 operators licensed for commercial sales.
The company’s partnership brings Airo Brands’ cannabis vaporizers to three Delaware stores this week with more markets to follow.
The legislation, which now heads back to the Senate for final approval, would lift a restriction in Pennsylvania’s 2016 medical cannabis law that allows only five grower/processor licensees to sell products directly to patients.
A group of 20 Democratic members of the House and Senate sent a letter to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network urging them to revise “red flags” for cannabis business owners.
The Department of Cannabis Control suspects certain products in the state’s regulated market may contain poisonous or harmful substances.
The 10-year term at a reduced annualized interest rate will result in a $4.7-million reduction to principal and interest expense in the first 12 months and $3.5 million annually for four years.
The vertically integrated multistate cannabis operator now has 32 stores in seven states.
Multiple ballot proposals for the state’s next major election would impact the current and future cannabis reform front.
