Amber Littlejohn, a national advocate for equity in the marijuana industry, has stepped down as executive director of the Minority Cannabis Business Association (MCBA) to pursue new opportunities in the industry.
Los Angeles-based XS Financial is extending a $15 million equipment purchase and financing facility to Green Dragon/Eaze to support existing marijuana processing facilities and expansion in Colorado and Florida.
The wholesale price of cannabis flower in Colorado dropped to an all-time low, reflecting a market saturated with supply and squeezing cultivator margins.
South Dakota’s medical marijuana market is expected to launch next week with at least one dispensary opening near Sioux Falls.
Connecticut marijuana regulators have identified the 16 large social equity cultivators approved to take the next step to grow for the adult-use market, and have asked those applicants and their backers to submit additional information for a background check.
Top executives at the largest publicly traded U.S. marijuana companies each received up to $2.6 million in salary and bonuses in fiscal 2021, with stock and option awards boosting total individual compensation to as much as $16 million, according to regulatory filings.
Marijuana multistate operator Red White & Bloom Brands said it expects another two-week delay in filing its 2021 annual report and first-quarter 2022 report as its finances continue to be audited.
The National Association of Cannabis Businesses said it will cease operations by July 31 because of the difficult economic conditions.
The U.S. House of Representatives, as expected, voted Thursday to include the SAFE Banking Act in the fiscal year 2023 defense budget bill.
Connecticut made an important first step toward issuing adult-use marijuana licenses on Tuesday, prompting Gov. Ned Lamont to say a market launch could be only six months away.
Michigan-based marijuana retailer Lume Cannabis, which aspires to have 100 stores by 2025, closed four of its roughly 30 stores in the state but said it plans to open three in more populated areas, including Ann Arbor and Grand Rapids.
The number of medical marijuana patients in Texas has quadrupled over the past year, but MMJ companies there still find it tough going and are betting that, over time, the market will be overhauled and provide greater business opportunities.
