Weedmaps CEO Chris Beals out as cannabis tech, ad company posts loss
WM Technology CEO Chris Beals has “decided to step down” and left the company, the cannabis advertising and technology firm said.
WM Technology CEO Chris Beals has “decided to step down” and left the company, the cannabis advertising and technology firm said.
A nearly two-week heat wave punctuated the end of another challenging summer for California marijuana businesses.
Some operators told MJBizDaily they experienced power outages and other daily disruptions stemming from excessive heat and a taxed power grid.
More than two dozen California cities and counties could establish new recreational marijuana markets through ballot measures in November, creating up to 150 retail licenses and countless other business opportunities for plant-touching and ancillary companies.
California is asking legal marijuana businesses for the third straight day to voluntarily shut off lights and major power sources as excessive energy use during a heat wave threatens the state’s power grid.
A California marijuana grower accused of cheating hourly employees out of overtime pay has agreed to a class-action settlement worth some $825,000.
Nevada marijuana company 1933 Industries announced an all-stock deal to acquire the entirety of California-based CBD drink producer Day One Beverages.
The business story of the holiday season – record-breaking inflation caused by supply-chain pressure – has hit the cannabis industry especially hard.
Vertically integrated California cannabis company Glass House Brands is borrowing up to $100 million to retrofit its recently acquired California greenhouse and more.
More states are offering microbusiness licenses to cannabis entrepreneurs in an effort to diversify a market that some fear could become dominated by large, deep-pocketed multistate operators.
A group of growers is suing a county and its sheriff in east central California for allegedly blocking adult-use cannabis licensing against the will of the voters.
Florida-based cannabis multistate company Stem Holdings, known as Driven by Stem, signed a letter of intent to expand into the Colorado market by acquiring one of Denver’s oldest vertical operators.
Oakland-based Promontory Holdings sued The Breeze Brand of Los Angeles in state court, claiming infringement over Promontory’s California-registered “Breez” trademark.