On April 28, 2017, four out of five licensed New York medical marijuana providers filed suit against the state Department of Health for attempting to expand the number of licensed providers from five to 10.
Tag Archives: PharmaCann
New Cannabis Ventures broke the news Monday evening. It will be the first publicly-traded cannabis-related Real Estate Investor Trust or REIT and, if approved, would be the first cannabis company to be traded at the venerable NYSE.
Two years after former Gov. Pat Quinn signed into law the Compassionate Use of Medical Cannabis Pilot Program Act, the state’s Department of Agriculture, responding to a request from the Associated Press, finally released its list of the seven companies that are allowed to grow medicinal cannabis.
ALBANY — Mirroring a national trend toward an acceptance of marijuana, the New York State Department of Health announced the names of five organizations on Friday that will be allowed to sell the drug for medical use in the state.
Between lawsuits, regulatory wrestling and changes in elected officials, Illinois has had a difficult time in implementing its fledgling medical marijuana program.
Later this year, the city of Evanston, Illinois, will allow its first medicinal marijuana dispensary to open right in the heart of its bustling downtown area. And in the interests of its potential clientele, the city and the owners are keeping the aesthetics as low-key as possible.
Despite an ongoing national trend showing that acceptance of marijuana, particularly for medical use, is continuing to swing upwards, there are continued signs of a marijuana backlash in some states.
During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights.