Marijuana Business Daily

New Connecticut law restricts THC beverage sales to liquor, cannabis stores

Published

3 days ago

July 3, 2024

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Sales of THC-infused beverages in Connecticut now will be allowed only at state-licensed liquor stores and cannabis retailers.

The restrictions are part of House Bill 5150, which Gov. Ned Lamont signed into law in May.

Under the new law, which went into effect July 1, intoxicating hemp products no longer may be sold at gas stations and convenience stores.

According to a news release from the state’s Department of Consumer Protection, the law mandates:

Selling THC-infused beverages at marijuana retailers and “package stores,” as liquor retailers are called in Connecticut. A ban on selling these products elsewhere. By Oct. 1, beverages must contain 3 milligrams or less of THC per 12-ounce container. Packaging, labeling and testing standards.

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Judge keeps Alabama medical marijuana licensing on hold

Published

21 hours ago

July 5, 2024

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An Alabama judge has extended a temporary restraining order on the issuance of medical marijuana business licenses in yet another delay to the market’s launch.

Montgomery County Circuit Judge James Anderson, according to the Alabama Reflector, also instructed the state’s Medical Cannabis Commission to begin investigative hearings requested by companies denied licenses in the previous round.

The restraining order was pushed by Alabama Always, an MMJ company seeking one of the state’s vertically integrated licenses.

Last December, Alabama regulators issued five integrated licenses to MMJ companies, including:

Flowerwood Medical Cannabis. Specialty Medical Products of Alabama. Sustainable Alabama. Trulieve AL. Wagon Trail Med-Serv.

The application and selection process for those integrated licenses sparked lawsuits after the state’s first two attempts to issue them.

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Cronos Group pumps $51M into joint venture to expand cannabis production

Published

2 weeks ago

June 21, 2024

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Canadian cannabis producer Cronos Group is funding its joint venture, Cronos Growing Co., with a $51 million ($70 million Canadian dollars) secured credit line to expand operations to meet increased global demand.

As part of the transaction, Cronos will appoint three new members to the GrowCo board on July 1, according to a press release issued Thursday.

Under a new supply agreement, Cronos will have the option to purchase up to 70% of total production from the expanded facility.

“This investment enables GrowCo to increase its production of high-quality cannabis, which supports our ambition to expand across the markets we operate in and add new international growth opportunities where they arise,” Cronos Chair and CEO Mike Gorenstein said in a statement.

GrowCo intends

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Florida marijuana licenses overdue as adult-use vote looms

Published

1 month ago

May 30, 2024

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By law, the Florida marijuana industry – the largest medical-only cannabis market in the country with $2 billion in projected annual sales – is supposed to have nearly twice as many businesses involved as are operating today.

But with state voters set to decide on adult-use marijuana legalization in November, potentially inflating the value of coveted vertically integrated business licenses, the mandated expansion of Florida’s market remains on indefinite hold.

The state accepted applications for 22 available permits in April 2023.

More than a year later, there’s no clear answer from state officials as to when those new licenses will be issued.

“There is literally nothing coming back to applicants. Nothing,” Dustin Robinson, a Fort Lauderdale-based attorney who filed one of the 73

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