GFA Federal Credit Union, a Massachusetts credit union with headquarters in Gardner, will become the first financial institution in the Commonwealth to serve the recreational cannabis industry by offering banking services to cannabis companies. This represents a major step forward for companies in the Commonwealth’s burgeoning recreational cannabis industry, as previously most companies resorted to running cash-only operations without being able to offer customers the benefits of credit or debit purchases. … More
Tag Archives: Cannabis Control Commission
Last week, the CCC released two new sets of draft medical marijuana regulations so that final regulations can be promulgated in enough time for it to take over the Commonwealth’s Medical Marijuana Program by the end of the year.
Although the Massachusetts Cannabis Control Commission has begun awarding provisional, adult-use licenses to some entities in the Commonwealth as of July 1, only one retail license has been awarded and, to date, no retail stores have yet opened for business. One large impediment to opening retail stores is the statutory requirement that all cannabis sold in the Commonwealth for adult use be tested by an independent testing laboratory, which itself must be licensed as such by the Commission. … More
Pursuant to the legislature’s direction, the Cannabis Control Commission can start issuing adult use licenses after June 1 and the Commission has indicated that they will start issuing licenses soon.
We expect that a handful of previously medical-only cannabis dispensaries that are awarded adult use licenses will be dispensing both adult use and medical cannabis on July 1 or shortly thereafter. The lines will be very long. … More
We posted in January about proposed regulations for advertising adult-use marijuana in Massachusetts once retail sales begin on July 1, 2018. After a series of public meetings and more than 500 public comments, the Cannabis Control Commission (“Commission”) revised the draft and unanimously approved final regulations in early March. This means that the rules of the road for advertising by “Marijuana Retailers” in Massachusetts are now set,… More
Sticking to the timeline that it promised, the Cannabis Control Commission (CCC) has created the framework so that adult use dispensing will begin in Massachusetts in July.
The regulations are finalized. The timeline for applications is as follows: (i) potential priority applicants can apply for certification as of April 1; (ii) certified priority applicants can apply for licenses as of April 15; (iii) non-priority applicants can apply for cultivation,… More
With the first retail sales of adult use marijuana slated to take place in just over five months, the Massachusetts Cannabis Control Commission (the “Commission”) is working overtime to regulate an industry that some project will exceed $1 billion in revenue by 2020. As the July 1st target date for the opening of retail cannabis shops approaches, one area that will undoubtedly become the focus of much attention is the ability of retailers to market their wares. … More
The Cannabis Control Commission issued its draft use regulations for the adult-use market in late December and have asked for public comment by February 15 so that the regulations can be finalized and released to accept applications for licensure in early April. As we have noted here before, the CCC deserves credit for moving as quickly as they have and for keeping themselves on track to have dispensing of adult-use cannabis in July. … More
The decision by Attorney General Sessions to repeal the Cole and Ogden memos has brought greater legal uncertainty to an industry that is used to uncertainty. What does the decision mean for Massachusetts?
First, at least in the short term, the decision should not have a major effect on our medical marijuana industry in the Commonwealth. Under the Rohrabacher-Farr amendment, federal prosecutors may not use resources to prosecute those in the medical marijuana industry who are acting consistently with state law. … More
While we don’t love all of the ideas that came out of the Cannabis Control Commission this past week, you have to keep them credit. The CCC met in an open setting for six hours for four days straight and thoughtfully hammered out a road map for adult use cannabis for the future. The CCC made decisions on big issues that will pave the way for the release of the draft regulations next week.… More