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Legislation would give MMJ operators edge in Maryland’s rec cannabis market

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Maryland lawmakers introduced adult-use cannabis legislation that would give medical marijuana operators in the state an advantage while also aiming to create equitable opportunities in the industry.

According to The Washington Post, lawmakers are racing to hammer out adult-use regulations before July 1 in hopes of curbing illicit sales seen in the lead-up to adult-use sales in other states such as New York.

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Under the constitutional amendment that Maryland voters passed in November, adults can legally use and possess cannabis as of July 1.

Senate Bill 516, filed Friday, stipulates:

Medical cannabis licensees who were operational before October 2022 could convert to recreational licenses for a one-time fee of $100,000 to $2.5 million based on their 2022 gross revenue. A total of 75 cultivation licenses, 100 processor licenses, 300 dispensary licenses and 15 on-site consumption licenses would be allowed in the first phase of

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Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar

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The number of canceled cannabis business licenses have soared alongside the amount of “uncollectable” excise tax in Canada.

At least 123 federal cannabis business licenses either were canceled or pending cancellation in 2023, according to new data provided to MJBizDaily by the Canada Revenue Agency (CRA).

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That figure is almost triple the number of licenses canceled in 2022.

Companies with canceled licenses are unable to cultivate, produce, package or possess non-duty-paid cannabis.

The data paints a picture of an industry facing micro- and macroeconomic challenges, many of which were spelled out in briefing materials for Finance Minister Chrystia Freeland and obtained through an access-to-information request.

The latest CRA data shows that at least 212 licenses were canceled between federal marijuana legalization in late

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Florida adult-use marijuana campaign spending tops $55M as other MSOs join

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The most expensive adult-use marijuana legalization campaign in U.S. history is picking up speed in Florida.

Six additional marijuana multistate operators have joined the quest of Tallahassee-based Trulieve Cannabis Corp. to transition Florida’s $2 billion medical marijuana market – the largest in the country – to adult use.

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In addition to the new partners, legalization campaign committee Smart & Safe Florida announced Wednesday that it raised another $15 million toward the effort.

The MSOs joining the Trulieve-led initiative are:

Miami-based Ayr Wellness, which operates 63 medical marijuana treatment centers in the state. Chicago-headquartered Cresco Labs, 33. New York-based Curaleaf Holdings, 61. Chicago-headquartered Green Thumb Industries, 15. Massachusetts-based Insa, 10. Chicago-headquartered Verano Holdings, 74.

The latest $15 million contributed to the legalization

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Cookies cuts ties with its lone San Francisco marijuana store

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Cookies, the most recognizable brand in cannabis, traces its origins to San Francisco and the pre-legalization marijuana underground in the city that’s considered by many to be the birthplace of the legal industry in America.

But as of earlier this year, there is no longer a Cookies-branded marijuana store in San Francisco.

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The brand terminated the licensing agreement it had with Berner’s on Haight, an adult-use store that’s borne the name of the Cookies co-founder since 2020, company President Parker Berling told MJBizDaily.

Exactly what happened is still a mystery, as the involved parties are not discussing details publicly.

However, both the store and the iconic brand are currently battling unrelated lawsuits, including a wrongful termination complaint filed by a former employee at

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