Cannabis operators are used to payment solutions that disappear overnight. But as margins squeeze, that’s a risk most businesses can’t afford to take.
Chris Roberts
Chris Roberts's Latest Posts
Cannabis MSO sells off Massachusetts retail permit ‘on the low side’ for $1 million
The sale, from an Arizona-based marijuana multistate operator, represents a potentially low valuation for a valid but not-yet-operational retail permit in Massachusetts.
Three states join fight against marijuana rescheduling as deadline looms
Three states have gone on record formally opposing marijuana rescheduling ahead of major hearings scheduled for June.
New York promises cannabis operators help to pay for track-and-trace
New York cannabis operators may be able to seek assistance in paying for seed-to-sale tracking requirements.
Major consolidation in Virginia cannabis as Boston-based fund takes over second permit
One company now controls two out of Virginia’s five medical marijuana permits, a move that critics say will allow for major consolidation ahead of adult-use sales.
Cannabis MSO lands in receivership over $210 million debt to lender
New Jersey-based TerrAscend Corp. is in receivership in Michigan after defaulting on a $210 million loan.
Hemp THC regulation is inevitable, not a ban. Here’s how operators can prepare.
Some in the hemp THC sector are fearful of the looming federal ban when they should be preparing for regulation instead.
Virginia governor explains shock rejection of cannabis retail market
Avoiding the mistakes of other states that moved too quickly to launch adult-use sales – and limiting cannabis retail opportunities – are some reasons Virginia Gov. Abigail Spanberger gave for vetoing a marijuana sales launch.
‘Reckless’ 280E gamble backfires as feds demand millions from cannabis MSO
In a troubling sign for cannabis operators that claimed 280E relief before rescheduling, the IRS wants TerrAscend USA to return $8.3 million.
Shock veto upends Virginia adult-use cannabis retail launch
Legal adult-use cannabis sales in Virginia are delayed yet again after Gov. Abigail Spanberger formally rejected a sales bill on Tuesday.
Minnesota lawmakers ‘tweak’ cannabis laws to create new category, boost hemp THC
The Minnesota cannabis industry is not yet a year old, but lawmakers are already making changes to the program amid modest sales.
Report: Massachusetts governor expected to fire cannabis czar
Massachusetts Gov. Maura Healey is expected to not retain the services of current state cannabis czar Shannon O’Brien, whose tenure has been contentious.
