Joey Pena

Luxury retailer Barneys New York to sell marijuana products in California flagship

Upscale specialty retailer Barneys New York announced plans to sell cannabis products and accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the marijuana industry. The shop will open in March inside the Barneys flagship store in the tiny Southern California town of Beverly Hills. The […]

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CA tries to clarify rules around THC limits in edibles, potentially spelling relief for infused product firms, labs

California’s infused product makers and testing labs are breathing a sigh of relief now that state regulators have sought to clarify rules governing THC potency for edibles and beverages, a move that is expected to result in fewer products failing lab tests. The brouhaha arose after California’s permanent cannabis regulations took effect last month. Two of the three […]

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Nevada’s Clark County punts on marijuana consumption lounge talks

The Clark County Commission in Nevada postponed deliberations on cannabis consumption lounges, saying it will let the state take the lead on the issue. Despite the county’s decision, Las Vegas, which is located in Clark County, plans to continue its discussions about social consumption spaces when the City Council’s recommending committee meets Feb. 19, the […]

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Ohio medical marijuana sales top $330,000 in first weeks

Medical cannabis patients in Ohio have spent more than $333,000 on 46 pounds of cannabis since sales kicked off at four dispensaries Jan. 16, the Dayton Daily News reported. The sales figures were provided by the state’s Medical Marijuana Control Program, which reported $75,000 in medical marijuana sales the first day alone. Compared to other […]

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CA credit union reveals that it’s been banking cannabis businesses for a year

A California credit union said it has been providing banking services to licensed marijuana businesses for roughly a year, the North Bay Business Journal reported. North Bay Credit Union in Santa Rosa is currently handling financial transactions for cannabis companies in areas north of San Francisco, such as Sonoma County, though CEO Chris Call declined […]

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Maine seeks new consultant to draft adult-use marijuana program’s rules

Maine released a request for proposals this week that said it’s again looking for a consultant to help put a regulatory structure in place for the state’s long-delayed, adult-use cannabis marketplace. Last week, Maine upended the state’s timeline for legal marijuana sales when it withdrew from a contract with BOTEC, a Los Angeles consulting firm […]

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Cannabis products firm Slang lists on Canadian exchange after buying Organa Brands

Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million). The […]

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California lawmakers propose cannabis tax cuts to curb the state’s black market

In an effort to jump-start California’s sluggish legal marijuana marketplace, a group of Democratic state lawmakers proposed a bill that would for the next three years eliminate the state’s $148-per-pound cultivation tax on farmers and reduce the state’s 15% excise tax on retail sales to 11%. The bill is designed to combat the state’s entrenched black […]

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Maine’s recreational cannabis timeline in flux after consulting firm let go

Maine’s timeline for launching sales of adult-use marijuana is uncertain now that the state has withdrawn from a contract with BOTEC, a Los Angeles consulting firm hired to help craft the program’s rules. The renewed uncertainty poses yet more logistical and financial hurdles for marijuana entrepreneurs wanting to capitalize on legalization in the state. Maine […]

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Medical cannabis business sues New Mexico over $1.5M in tax payments

Ultra Health, a vertically integrated medical marijuana operator in New Mexico, is suing the state Taxation and Revenue Department to obtain a refund of more than $1.5 million in gross-receipts taxes the company says it shouldn’t be forced to pay because it provides medicine. According to Ultra Health’s suit, medical marijuana should be treated like […]

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Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules

A Washington state marijuana trade association is warning regulators that new packaging, labeling and product design rules for cannabis-infused edibles and beverages might decimate edibles manufacturers’ bottom line. According to experts, the cost for some businesses to comply could be $100,000, and that doesn’t include lost revenue for manufacturers who have kept new products off […]

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