Category Archives: Massachusetts Medical Cannabis Business & Marijuana Legal News

Massachusetts recreational marijuana stores bring in $2.6M in second week of sales

The newly launched adult-use cannabis market in Massachusetts hit $2.6 million in sales during the second week of sales, according to figures released by the state’s Cannabis Control Commission. Data also shows that since Massachusetts’ recreational marijuana market launched Nov. 20, there have been just over $4.8 million in sales at the two stores that […]

Week in Review: NJ adult-use cannabis bills advance, OH credit union plans MMJ banking & MA recreational sales boom

New Jersey legislative committees advance potentially groundbreaking adult-use cannabis legislation, an Ohio credit union offers limited banking services to medical marijuana companies, and sales are booming at Massachusetts’ first two recreational MJ stores. Here’s a closer look at some notable developments in the marijuana industry this week. Garden State marijuana legislation moves Cannabis businesses are […]

Massachusetts marijuana regulators approve more recreational retail licenses

The first day of adult-use cannabis sales in Massachusetts reportedly went smoothly Tuesday, and regulators continued to approve final retail licenses in an attempt to keep the industry in the state moving forward. Steven Hoffman, chairman of the state’s Cannabis Control Commission, told The Boston Globe he expects more retail, cultivation and manufacturing licenses to […]

MA says first recreational cannabis stores in eastern US can open Tuesday

Two marijuana stores in Massachusetts were given the green light to begin selling to recreational customers on Tuesday, making them the first commercial cannabis stores in the eastern United States. The Cannabis Control Commission (CCC) announced Friday that New England Treatment Access, in Northampton, and Cultivate Holdings, of Leicester, were authorized to open in three […]

Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

Marijuana officials warn MA pesticide crackdown could stymie MMJ industry

Massachusetts medical marijuana industry officials cautioned that a crackdown by state regulators on their use of pesticides, including natural compounds used by the organic food industry, could hamstring cultivators and curb MMJ supplies. The Boston Globe reported that state health department inspectors shuttered Colorado-based medical cannabis firm Good Chemistry’s growing, processing and retail operations in Massachusetts […]

MA attorney general reverses ruling that allowed cities to ban medical cannabis firms

Medical marijuana businesses in Massachusetts may have one fewer headache after state Attorney General Maura Healey reversed an earlier decision that allowed municipalities in the state to prohibit MMJ dispensaries. Here are the basics behind the situation: According to Commonwealth Magazine, Massachusetts passed a medical marijuana law in 2012 that included a provision prohibiting cities and towns […]

Massachusetts asks municipalities to curb demands on cannabis firms

Massachusetts marijuana regulators urged city and town officials to keep within the boundaries of state law when negotiating local agreements with recreational marijuana businesses. The Cannabis Control Commission cited “anecdotal” evidence of municipalities putting excessive financial demands on companies wishing to locate within their communities, further slowing the already delayed rollout of the state’s voter-approved […]