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Following a spate of deadly robberies targeting marijuana retailers in Washington State, officials are stepping up their push for federal cannabis banking reform—a topic that will be addressed at a roundtable next week involving regulators, lawmakers, advocates and stakeholders. The state’s Liquor and Cannabis Board (LCB) said that at least three people were killed within the span of four recent days at three different Washington cannabis retailers. But the issue isn’t unique to the state; crime and even some murders have occurred at legal marijuana shops in markets across the U.S., prompting advocates and lawmakers to demand federal reform to…

CHICAGO, March 23, 2022 – PRESS RELEASE – Cresco Labs Inc., a vertically integrated multistate operator and the No. 1 U.S. wholesaler of branded cannabis products, released its financial results for the three months and year ended Dec. 31, 2021. All financial information presented in this release is reported in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) and in U.S. dollars, unless otherwise noted, and all comparisons to prior quarters and the prior year are made on an as-converted basis under U.S. GAAP. The Company announced today it has entered into a definitive arrangement agreement pursuant to which…

A bill in the state legislature that would eliminate caps on the number of cannabis companies a municipality can host is getting some pushback, not just from concerned residents but also, somewhat surprisingly, at least one marijuana business. Current law allows cities and towns to host one dispensary and micro-cultivator for every 25,000 residents. In March, the Social Equity Council outlined a series of changes it wanted to the recreational cannabis law, including eliminating that cap. The suggestion was included in a larger bill introduced to the General Law Committee in early March. That committee voted in favor of the…

Hawaii senators on Wednesday approved two identical resolutions to request the formation of a psilocybin working group that would explore the therapeutic potential of the psychedelic, though the measures were amended to make provisions on developing a plan for patient access contingent on federal approval of the substance. The Senate Health Committee took up the non-binding Senate resolution and Senate concurrent resolution, both sponsored by Sen. Chris Lee (D), who serves as chair of the Judiciary Committee. The identical proposals advanced unanimously, but with two senators expressing reservations. Meanwhile, the full Hawaii Senate approved a similar proposal earlier this month…