One of the cannabis industry’s only self-regulatory standards organizations is creating social equity recommendations for state rulemakers. The goal of the National Association of Cannabis Businesses, based in Washington DC, is to get state marijuana regulators to change their ways. Regulators have shown a tendency to want to start from scratch when developing rules for […]
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Week in Review: L.A. doubles cannabis retail licenses, another Schwazze deal dead, Biden talks MJ rescheduling & more
The Los Angeles City Council doubled the number of social equity retail marijuana licenses from 100 to 200 in response to a courtroom settlement. MJBizDaily takeaway: The greater Los Angeles area boasts more than 13 million people, but there are only 188 licensed cannabis storefronts. The original plan last fall for the social equity licensing round […]
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Massachusetts cannabis businesses fined for pesticide, ownership infractions
Three marijuana cultivation companies in Massachusetts will pay hundreds of thousands of dollars in fines for pesticide use and other violations. The state’s Cannabis Control Commission approved penalties against Garden Remedies, Healthy Pharms and The Botanist, MassLive.com reported. Each company agreed to settlements, complied with the commission’s inquiries and admitted to the wrongdoing. The fines […]
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Illinois social equity program flawed, advocates say, but it’s best in cannabis industry so far
Illinois’ social equity provisions for cannabis companies are considered among the most forward-thinking in the country, yet some advocates and business insiders say the rules don’t go far enough to promote minority participation in the industry.
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Marijuana tissue-culture technology company raises more than $15 million
Conception Nurseries, a Sacramento, California-based cannabis genetics firm, raised $15 million with the addition of approximately $12 million in a Series A funding round to help add scale and automation to its operation. According to Green Market Report, the funding round was led by New York-based cannabis data group Viridian Capital Advisors with facilitation by […]
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Nebraska medical cannabis legalization well on its way to voters in November
Nebraska medical marijuana advocates gathered more than 182,000 signatures for an initiative petition campaign, despite challenges stemming from the coronavirus pandemic. Organizers needed only 122,000 signatures to place medical marijuana legalization on the November ballot, more than 10% of the eligible voters in the state, according to the Lincoln Journal Star. Signature-collection efforts were put […]
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Set up your cannabis extraction company with expansion in mind
If you’re like most entrepreneurs in the marijuana extraction sector, you have visions of building a company that’s so successful that scaling up is right around the corner.
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Employees at Massachusetts marijuana firm vote to unionize
Employees at New England Treatment Access, a cannabis company based in Massachusetts, voted to form a union under the United Food and Commercial Workers – becoming the latest marijuana industry workers to affiliate with the UFCW. Sixty workers at NETA’s grow facility in Franklin cast the votes to unionize, the Boston Business Journal reported. If […]
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Cannabis firms should use data, backups to strengthen supply chain
Cannabis companies that rely on the international supply chain need to keep a watchful eye on their suppliers and avoid spreading their businesses too thin, industry experts said Wednesday on the third, and final, day of Marijuana Business Daily‘s virtual conference, MJBizConNEXT Direct. The marijuana industry has seen a disruption to the global supply chain […]
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NJ is key to East Coast adult-use cannabis legalization, stakeholders say
New Jersey is the “linchpin” for coming recreational marijuana legalization on the East Coast, a panel of industry experts said Tuesday on the second day of MJBizConNEXT Direct, Marijuana Business Daily‘s three-day virtual cannabis business conference. Panelist Rob DiPisa, partner and co-chair of cannabis law group Cole Schotz, called New Jersey a “hot market” that […]
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MJBizConNEXT keynoter Simms urges marijuana industry to ‘be audacious’
MJBizConNEXT Direct and Hemp Industry Daily Direct kicked off Monday with a virtual keynote speech from Dia Simms, an award-winning entrepreneur and member of The BRN Group, a New York-based cannabis tech company. Simms called on the cannabis industry to move in unison to overcome over a century of stigma, to think bigger and to […]
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California’s new organic certification plan could help cannabis growers’ bottom line
A plan to roll out a novel organic marijuana certification in California could generate more business opportunities for brands looking to differentiate themselves by charging health-conscious consumers a premium for their products. With cannabis illegal under federal law, marijuana businesses cannot call products organic under the U.S. Department of Agriculture’s certification program. So California has […]
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