Category: dispensaries

Feds To Issue Banking Guidelines For Businesses Engaged In Cannabis Commerce

Federal officials are poised to unveil new regulations allowing for financial institutions to legally interact with licensed businesses that are engaged in cannabis commerce. “They (retail facilities that dispense cannabis) want to be able to use the banking system,” US Attorney General Eric Holder said. “And so we (the Obama administration) will be issuing some regulations I think very soon to deal with that issue.”

Washington: Over 1,300 Applications Submitted So Far By Those Seeking To Operate Commercial Marijuana Businesses

Washington state regulators are presently reviewing over 1,300 applications from would-be entrepreneurs seeking to engage in the state-licensed production and/or sale of cannabis and cannabis-infused products to those age 21 and over. Regulators began accepting applications for licenses in mid-November and will continue accepting applications until December 19. In Colorado, regulators began accepting similar applications for commercial cannabis licenses in October — the first of which was approved in late November. Licensed cannabis operations are anticipated to be operational in Colorado on January 1, 2014.

Oregon: Governor Signs Law Authorizing Medical Marijuana Dispensaries

Democratic Gov. John Kitzhaber today signed legislation, House Bill 3460, into law establishing regulations for the creation of state-licensed medical cannabis facilities. Presently, an estimated 200 unlicensed cannabis dispensing facilities are operating throughout the state. An estimated 57,000 Oregonians are registered with the state to consume cannabis for therapeutic purposes.

Oregon: Lawmakers Finalize Measure to License Medicinal Cannabis Dispensaries

Members of the Oregon House and Senate have given final approval to House Bill 3460, which licenses medicinal cannabis dispensaries statewide. House Bill 3460 “directs [the] Oregon Health Authority to establish a registration system for medical marijuana facilities.” The department has until March 2014 to draft rules regulating dispensaries. Such facilities exist presently in the state but are unregulated and remain subject to state and local prosecution. Officials expect to register an estimated 225 dispensaries in the first two years.

New Hampshire: House and Senate Agree to Compromised Medical Marijuana Measure

House and Senate negotiators on Tuesday agreed on a final version of House Bill 573, which allows for a regulated system of medical cannabis distribution in New Hampshire. The amended bill calls for the creation of four state-sanctioned marijuana dispensing facilities to produce and distribute cannabis to state-qualified patients who possess a physician’s recommendation. New Hampshire will become the 19th state to allow for the limited, legal use of medical cannabis and the final New England state to do so.

Nevada: Governor Signs Cannabis Dispensary Measure Into Law

Republican Gov. Brian Sandoval has signed legislation, Senate Bill 374, authorizing the creation of up to 66 medical marijuana dispensaries. Under the new law, state regulators are tasked with overseeing the creation of licensed establishments to produce, test, and dispense cannabis and cannabis-infused products to authorized patients. Nevada voters enacted legislation in 2000 to allow for physician authorized patients to consume and grow cannabis. However, that law did provide for facilities where authorized patients may obtain medicinal cannabis. Approximately 3,800 Nevadans are presently authorized to grow and/or consume cannabis under state law

Nevada: Legislators Approve Measure To Allow For Medical Cannabis Dispensing Operations

Lawmakers gave final approval on Monday to legislation, Senate Bill 374, to allow for the establishment of licensed facilities to dispense cannabis to state-qualified patients. The measure passed with two-thirds majorities in both legislative chambers. It now awaits action from Republican Gov. Brian Sandoval, who has previously acknowledged that he is open to the idea of regulating medical cannabis dispensaries.

New Hampshire: Senate Passes Amended Medical Marijuana Measure

Members of the New Hampshire Senate voted 18 to 6 today in favor of an amended version of House Bill 573, which allows for the physician-authorized use and state-licensed dispensing of cannabis to qualified patients. The Senate version of the bill now goes back to the House, whose members will either sign off on or, more likely, reject the Senate’s amendments. The latter action would create the need for a “committee of conference,” at which time a special committee of House representatives and senators will compromise on a final version of the bill. That language will then be forwarded to the governor’s desk.

California: Supreme Court Upholds Authority Of Cities To Prohibit Medical Marijuana Facilities

The California Supreme Court ruled today that municipalities possess the legal authority to prohibit the establishment of medical cannabis dispensaries. The unanimous ruling upheld a 4th District Court of Appeals opinion (City of Riverside v. Inland Empire Patients’ Health and Wellness Center, Inc.) which held that local zoning measures banning the establishment of brick-and-mortar facilities that engage in the distribution of cannabis to state-authorized persons are not preempted by state law.