Marijuana Business Daily

Alabama temporarily reduces most marijuana license fees

Published

4 days ago

December 13, 2024

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Members of the Alabama Medical Cannabis Commission (AMCC) voted to reduce most marijuana business license fees by 25% during a Thursday meeting.

With annual license fees ranging from $30,000 to $40,000, the regulatory agency will lose revenue totaling $147,500, AMCC spokesperson Brittany Peters told 1819 News.

“It’s just a one-time reduction,” Peters said.

“They’ll return to the fee schedule that was adopted by the commission in 2022 after that.”

Several Alabama medical marijuana cultivators that won licenses in December 2023 asked for the fee reduction, arguing that operations are stalled by ongoing legal arguments about the licensing process.

Oral arguments are set for Jan. 13 in one medical marijuana-related lawsuit.

“It costs a lot

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Ohio adult-use program was only new marijuana market launch in 2024

Published

20 hours ago

December 17, 2024

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2024 will go down as one of the quietest years for marijuana market launches.

The debut of Ohio’s adult-use retail market on Aug. 6 is the lone standout, in contrast to perennial market expansion that’s been a bedrock of the industry for more than a decade.

Last year, by comparison, three states in the Northeast and Midwest launched recreational marijuana sales, while two in the Deep South began medical cannabis sales.

This year, Ohio became the 21st U.S. state to establish adult-use sales, following Maryland’s launch in July 2023 and Missouri’s debut in February 2023.

The gap of nearly one year between recreational market launches is believed to be the industry’s longest drought since the first wave of regulated, adult-use consumer access began in 2014.

“Insufficient funding for

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Massachusetts regulators unveil plans for marijuana consumption spaces, licensing

Published

1 week ago

December 10, 2024

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Massachusetts regulators are crafting rules and regulations for marijuana consumption spaces and plan to complete the process by mid-2025.

The state’s Cannabis Control Commission (CCC) recently unveiled several potential business enterprises, including Amsterdam-style cafes, tasting rooms and marijuana-friendly special events, according to Boston TV station WHDH.

The proposals are expected to be released next week and then go through an informal comment period for a full month when businesses, advocates and others will have an opportunity to weigh in.

The CCC then will update regulations to reflect the commentary and ultimately hold a public hearing, followed by a formal public comment period, the Boston Herald reported.

Under the proposals, the three license types include:

A supplemental social consumption license to allow

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Canadian cannabis operator Organigram acquires Motif Labs’ house of brands

Published

2 weeks ago

December 6, 2024

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Organigram Holdings – a Canadian cannabis licensed producer with operations in Moncton, New Brunswick, Lac-Supérior, Quebec, and Winnipeg, Manitoba – acquired Motif Labs for 90 million Canadian dollars ($63.6 million), according to a news release.

Motif Labs, based in Aylmer, Ontario, produces cannabis concentrates, extracts, topicals and vapes.

The company’s Boxhot line of cannabis vape products is Canada’s No. 1-selling brand in the vape category for 2024, according to Seattle-based cannabis data firm Headset.

Other Motif brands include Boondocks, Debunk, Floe State and Rizzlers.

Organigram paid CA$50 million ($35.3 million) in cash and CA$40 million in Organigram shares to acquire 100% of the issued and outstanding shares of Motif Labs.

Motif Labs shareholders could

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