Oklahoma-based Stability Cannabis said Thursday it completed a $44 million Series A funding round and acquired a minority ownership stake in a vertically integrated Missouri medical marijuana business. Stability Cannabis said in a news...
John Schroyer
John Schroyer's Latest Posts
Montana lawmakers water down adult-use marijuana law, but industry says result ‘workable’
Although no one in the Montana marijuana industry is joyous over a watered-down implementation bill that became law Wednesday, most businesses are thankful they can now proceed with adult-use plans instead of having to fight lawmakers over whether the state should even have a recreational market.
10 tips to help your marijuana business survive an IRS audit
Make no mistake, the U.S. Internal Revenue Service plays to win. And cannabis companies need to prepare accordingly if they hope to survive federal tax scrutiny.
The Parent Co. spends $67 million to boost cannabis supplies, retail access
The Parent Co. (TCPO Holding Corp.) said it is spending a total of $67 million to bolster its supply of California-grown cannabis and get access for its products on retail shelves.
CA marijuana social equity advocates demand help, threaten to sue state
A coalition of stakeholders from across California joined forces to deliver a message to Gov. Gavin Newsom and the state Legislature: Help victims of the war on drugs get into the legal cannabis industry or face a court fight. Kika Keith, president of the Los...
California governor gets lukewarm marijuana industry support amid recall
California Gov. Gavin Newsom might need all the political ammunition he can muster later this year when he faces a recall election, but he probably shouldn't count on an outpouring of support from the marijuana industry - despite having championed recreational...
Ex-Massachusetts mayor found guilty in cannabis bribery scheme
A former mayor of Fall River, Massachusetts, on Friday was convicted of corruption after prosecutors alleged he engaged in a bribery scheme in which he solicited payments from cannabis companies in exchange for permission to do business within the town's boundaries....
California governor proposes $100 million grant to ease marijuana licensing logjam
California Gov. Gavin Newsom announced Friday his new state budget proposal – called the California Comeback Plan – will include $100 million to alleviate a bureaucratic logjam that has left thousands of marijuana companies with so-called “provisional” business licenses in danger of shuttering at least temporarily.
Financial-violation allegations cost Maui cannabis dispensary its license
Hawaii regulators ordered a medical cannabis dispensary on the island of Maui to close immediately because of the company’s “ongoing failure to submit annual independent financial audits.”
California marijuana firm settles false-claims lawsuit for $300,000
California-based marijuana company CannaCraft agreed to pay $300,000 to settle a lawsuit brought by Sonoma County authorities over allegedly false claims that some of its products could have beneficial health effects. According to a news release from the Sonoma County...
Cannabis tech firm MassRoots entering metal-recycling business via $14M deal
Cannabis-centric social media platform MassRoots said it's broadening its business model through the acquisition of a metal-recycling company in a mainly stock-based deal valued at $14 million. Empire Services operates 10 facilities in North Carolina and Virginia,...
California hemp bill could provide new opportunities for marijuana firms
Two bills in the California Legislature that would establish a new regulatory framework for hemp-infused goods – including CBD-infused foods and drinks – are poised to become law this year, which could jump-start the state’s nascent hemp industry and likely give marijuana businesses an opportunity to expand into a federally legal crop.
