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Keywords: "Michael Mayes"

Marijuana MSO PharmaCann to acquire LivWell Enlightened Health

By John Schroyer

Chicago-based PharmaCann announced Tuesday it has struck a deal to acquire Colorado-headquartered LivWell Enlightened Health in a transaction that will allow PharmaCann to extend its market footprint to eight states. Once the acquisition is completed, PharmaCann will gain new markets in Colorado and Michigan. The company will have 60 operational retail outlets and 11 cultivation/production […]

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Products to One-Up the Illicit Market

The illicit market takes a large chunk of sales away from licensed cannabis businesses, but products that are difficult to replicate or require expensive equipment to manufacture generally are found only in legal marijuana shops. Manufacturing and selling such products is one way for legal cannabis businesses to draw new customers and get a leg […]

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Marijuana businesses increasingly plan to sue if regulators fail to award them a business license

Cannabis companies, particularly multistate operators (MSOs), are increasingly incorporating lawsuits into their licensing application strategy in a bid to secure a permit in a highly sought-after market. That strategy of preparing to fight license rejections by state regulators, especially those lost by a narrow margin, is based on a number of factors: Many marijuana business […]

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West Virginia’s medical cannabis delays test patience of marijuana business owners

A likely yearslong delay in the launch of West Virginia’s medical marijuana program reflects the uncertainties cannabis entrepreneurs face when vying to enter certain conservative states. State officials blame the holdup on a struggle to provide banking services for the program. But the advocacy group Marijuana Policy Project recently noted that a leading federal prosecutor […]

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Fighting Back Against RICO

Cannabis companies can take proactive steps to head off racketeering lawsuits   The number of federal civil racketeering lawsuits filed against marijuana businesses is on the rise, forcing companies named in a lawsuit to spend tens of thousands of dollars trying to fight the claims. Plaintiffs are using the Racketeer Influenced and Corrupt Organizations Act […]

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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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Number of cannabis racketeering suits increases, posing financial threat to targeted firms

By Jeff Smith , Legal & Regulatory Reporter

Federal civil racketeering lawsuits are proliferating against marijuana businesses, forcing companies to sometimes spend tens of thousands of dollars to cover legal costs. Experts are divided about the risk the lawsuits pose to the industry. But the growing number of cases is proving worrisome to industry watchers. “There is a greater risk of (racketeering) litigation […]

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Week in Review: Good news for Michigan medical marijuana, Oklahoma market narrows & Maine veto override

By John Schroyer, Jeff Smith and Bart Schaneman , Editor

The Michigan medical marijuana industry sees an expansion of qualifying conditions and new licenses, Oklahoma adopts emergency medical cannabis rules, and Maine’s MMJ market opens up in new ways. Here’s a closer look at some notable developments in the cannabis industry over the past week. Kick the can? The Michigan medical marijuana industry got a double […]

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Week in Review: Arizona’s defiant marijuana firms, California deadline & big cannabis investment in Iowa

By Bart Schaneman, John Schroyer and Kristen Nichols , Editor

Arizona cannabis companies defy a court decision banning the sale of extracts, California marijuana businesses deal with the state’s July 1 transition, and an emerging player in the MJ industry plans a large indoor grow in Iowa. Here’s a closer look at some notable developments in the cannabis industry over the past week. Business as […]

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