The Los Angeles Fire Department has launched a review of all smoke and vape shops in the city to ensure they’re storing explosive materials correctly after a recent explosion at Smoke Tokes that injured a dozen firefighters. According to the Los Angeles Times, the LAFD will be working to identify all similar businesses and ensuring those […]
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Marijuana MSO Harvest announces layoffs, other pivots in $24M cost-cutting
Arizona-based multistate cannabis operator Harvest Health & Recreation revealed that it recently cut $24 million in expenditures – including laying off an undisclosed number of workers – in an effort to “rightsize” the company’s operations. According to the Phoenix Business Journal, Harvest disclosed during a May 20 earnings call that a “small amount” of the […]
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LivWell continues Colorado expansion, buys marijuana retail chain Mindful
Colorado-based LivWell Enlightened Health continued its acquisition spree this month with the purchase of competing retail chain Mindful, which owns five cannabis stores in the state. According to Denver alt-weekly Westword, the acquisition expands LivWell’s footprint to 22 storefronts in Colorado with the addition of Mindful’s shops in Aurora, Berthoud, Colorado Springs and Denver to […]
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Michigan expands parameters of marijuana social equity program
Michigan is again revamping its marijuana social equity program in an attempt to draw more entrepreneurs impacted by the war on drugs into the industry. To date, the program has awarded only two recreational marijuana business licenses – for an event organizer and a retailer – though 172 applicants have been deemed eligible for permits, […]
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Can California marijuana trade groups coordinate to engage industry’s legislative gears?
More than two years into the rollout of California’s regulated recreational cannabis market, many marijuana industry associations are still struggling to work together for the common good of legal operators on objectives such as lowering state taxes, expanding the industry’s retail footprint and other strategies to improve business conditions. While the Los Angeles-based United Cannabis […]
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L.A. explosion investigation includes possible marijuana industry connections
California and federal authorities launched a criminal investigation into an explosion over the weekend at a Los Angeles warehouse that reportedly contained canisters of butane intended for cannabis concentrate production. According to NBC News, the L.A. police and fire departments as well as the Bureau of Alcohol, Tobacco, Firearms and Explosives have convened investigations into […]
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Week in Review: US House passes relief bill with cannabis banking, MO permit probe extends, ME lifts residency mandate & more
The U.S. House of Representatives approved legislation allowing banks to serve cannabis companies by wrapping the measure into a $3 trillion coronavirus economic relief package. The massive economic stimulus bill, proposed by House Democrats, includes language from the SAFE Banking Act, which was previously approved by the House last September and is aimed at guaranteeing […]
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Oklahoma issues first medical cannabis product recall
Oklahoma health authorities on Friday issued the first medical marijuana product recall in the program’s short history. A spokesperson for the Oklahoma Medical Marijuana Authority (OMMA) told the Tulsa World that the product batch in question failed to meet state standards, having tested positive for myclobutanil. That pesticide can create toxic gases when heated. The batch […]
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California governor delays proposed cannabis regulatory changes
The coronavirus has further derailed systemic reforms to the California regulatory agencies that oversee the state’s marijuana industry under a revised state budget plan. In the budget proposal released Thursday, Gov. Gavin Newsom said that his previously announced goals – merging the state’s three regulatory agencies and streamlining marijuana tax collections – would have to be […]
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Marijuana REIT invests $17.5 million in sale-leaseback deal
Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, spent $17.5 million to do such a transaction near its Southern California headquarters. IIP bought a 70,000-square-foot facility and quickly signed a long-term lease with Kings Garden, a cannabis company based in the Coachella […]
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California cannabis regulators defer business license renewal fees
California’s three licensing authorities will all begin immediately deferring business license renewal fees for marijuana companies as part of the state’s coronavirus response, the agencies said in a joint news release. The California Bureau of Cannabis Control and the departments of Food and Agriculture and Public Health said licensed marijuana businesses whose permits expire between May […]
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Utah marijuana dispensaries prep for drive-thrus, delivery after state signoff
The coronavirus – combined with an increase in new patient demand – has convinced Utah regulators to allow the state’s medical marijuana pharmacies to offer drive-thru windows and home delivery for customers. So far, at least two of the state’s three operational dispensaries are prepping drive-thru windows, according to Salt Lake TV station KUTV. Drive-thru […]
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The pandemic pivot and how cannabis companies reacted to COVID-19.