New York approves more adult-use marijuana grow licenses, draft rules
The New York Cannabis Control Board signed off on 16 more conditional adult-use marijuana cultivation licenses along with a slew of proposed industry rules.
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The New York Cannabis Control Board signed off on 16 more conditional adult-use marijuana cultivation licenses along with a slew of proposed industry rules.
Illinois marijuana regulators awarded 48 additional craft grow licenses in an additional step to diversify the industry.
Companies that cultivate cannabis in multiple states must use different strategies depending on a market’s maturity, the climate and what consumers will pay for the products.
A 77-year-old Oregon resident sued marijuana multistate operator Curaleaf Holdings, seeking class action status for hundreds of consumers who bought Select CBD wellness drops last summer that instead contained “substantial amounts” of THC.
California marijuana entrepreneur Helios Dayspring was sentenced to 22 months in federal prison after pleading guilty to bribery and tax evasion.
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending.
Akerna, a Denver-based cannabis compliance software company, is implementing a financial restructuring plan that includes reducing its workforce by 59 employees, or a third, and cutting operating costs by $440,000 in its second quarter.