Kentucky selected 26 businesses Monday to grow and process medical marijuana, as regulators prepare to kick off the state’s cannabis program in January. The businesses were chosen during a drawing at Kentucky Lottery headquarters in Louisville, whittling down nearly 5,000 applications to just over two dozen winners spanning cultivation and …
Tag: Investing
Arizona dispensaries to launch adult-use marijuana home delivery on Friday
Arizona cannabis consumers will soon have a new option if they don’t feel like leaving home but want to spark a pre-rolled joint. Starting Friday, they’ll be able to order recreational marijuana from the comfort of their homes. That’s when a new policy adopted by the state Department of Health …
Hundreds of New York social equity licenses set to expire in coming months
As New York continues ramping up its adult-use cannabis market, some industry insiders are beginning to sound an alarm: Hundreds of social equity retailers may lose their permits soon if regulators don’t extend mandatory deadlines for those licensees to get open for business. The problem, two cannabis lawyers explained, is …
MJLink’s motion to dismiss $1.7M fraud suit largely rejected
A federal magistrate judge recommended that fraud and securities claims should proceed in a lawsuit against cannabis social network MjLink.com and its parent company over allegedly inflated user metrics. U.S. Magistrate Judge Scott T. Varholak found that investor Alan Lamothe sufficiently alleged that executives made “fraudulent statements concerning the business …