U.S. multi-state operators (MSOs) and Canadian licensed producers (LPs) dominated the first Global Cannabis 50 annual ranking of the largest public cannabis companies in the world. The Global Cannabis 50 is the result of recently conducted research by Global Go Analytics and is published in the Winter 2022-23 issue of Global Cannabis Times magazine.

The roll-out New Jersey’s adult-use cannabis program has come in stages, with cultivation and manufacturing license applications available 3 months prior to the retail applications.

The State of New Jersey’s licensing roll out continues into the holiday, with over 800 Conditional Cannabis Licenses approved so far. However, Conditional Licenses are not legally operational, and in fact have to go through another, more difficult licensing process to become an Annual License, which is the license required to actually operate a cannabis business legally in the State.

The cannabis industry in Minnesota is unlike any other. Although it has legalized medical marijuana, that industry is considered by many to be one of the most conservative in the country.

New York Cannabis Market: Regulations Released and Licenses Awarded

Last Friday 11/11, the Department of Cannabis Control (“DCC”) adopted regulations to govern California’s medical and adult use cannabis industry. These regulations went into effect immediately so it’s imperative that licensees understand the updates, changes, and clarifications within these new set of rules.

Despite CA’s recent rainstorms, overall the state is experiencing extreme to severe drought that is the genesis for water restrictions for Cannabis operators who are Lake and Streambed Alteration (LSA) Agreement holders and divert water from surface water sources.

The first batch of retail cannabis licenses were blocked from being issued in five regions in New York. A New York federal judge ordered the block pending the outcome of a lawsuit filed by a Michigan cannabis operator which claimed New York’s licensing selection process violates federal interstate commerce protections. The judge, Gary Sharpe issued the injunctions for the following regions:

This past Friday 10/28, the OCM quietly released its Guidance for Adult-Use Dispensaries (“Guidance”), which is a summary of the pending regulations for CAURD applicants and other adult use dispensary applicants. It is important that all CAURD applicants familiarize themselves with the information provided in the Guidance.

The State of Alabama’s cannabis license application is both highly competitive and complex, with multiple section requirements. Global Go’s team of experienced application writers will create custom sections to meet these requirements.

The Alabama Medical Cannabis Commission (AMCC) recently announced they received over 380 requests to apply for a cannabis business license in Alabama. John McMillan, head of the Alabama Medical Cannabis Commission, said he expects the actual number of applicants to be far less than that number.

It’s best to ensure that you’re treating the health of your METRC account the same as you would for any other type of compliance. Some CA DCC track-and-trace violations are classified as serious, meaning the maximum penalty for singular noncompliance is $5,000.

This videocast discusses the evolution of the legalization of cannabis in Mexico and how it may become the next world’s largest cannabis market.

The Nevada Cannabis Compliance Board (CCB) announced the application timeline for cannabis consumption lounge licenses

The Department of Cannabis Control (DCC) in California recently announced that enforcement activities pushed the total value of seized cannabis over the $1 billion mark in the last 13 months. The numbers from the enforcement are staggering: 232 search warrants, half a million pounds of product, 1.4 million cannabis plants, 120 firearms, and $2.3 million in illegally obtained assets.

The cannabis industry’s multi-state operators (MSOs) wrapped up second-quarter earnings season at the end of August with most of their stocks none the worse for wear. Slowing growth prompted many downward revisions in earnings forecasts by Wall St. analysts. Yet New Cannabis Venture’s American Cannabis Stock Index posted a 27% gain through August 31 from its year-to-date low on June 30.

Going Global hosts Ivy Bader and Yoram Eshel interview Avinoam Sapir, CEO of Tikun Olam – Cannbit, Israel’s largest cannabis pharmaceutical company. The trio discusses Israel’s leadership in research and its impact on the local and global cannabis market.