A 2½-year-old class action lawsuit brought by former employees of multistate marijuana operator MedMen has almost concluded, with the lead plaintiffs asking a California judge to approve a proposed $975,000 settlement. A hearing is scheduled for March 1. [include_post...
The California Department of Public Health on Thursday issued an updated COVID-19 vaccination policy clarifying that cannabis industry employees are classified as health-care workers and therefore are immediately eligible to receive the vaccine. [include_post...
The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by new entrants into the industry, hopes for federal marijuana reform and multistate operators keen to expand their footprint.
New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation of commercial cannabis in a cash and stock deal worth $7.7 million. The Riverside County property, which is already leased to...
Roughly two dozen of 200 upcoming social equity marijuana retailers in Los Angeles got the greenlight from city regulators to apply for the required state permits, marking slow but steady progress in the municipality's march toward industry expansion. [include_post...
California’s top cannabis regulatory agency sent shockwaves through the state’s marijuana industry on Monday and Tuesday after it inexplicably revoked the licenses of more than 300 businesses. By Tuesday afternoon, the revocations appeared to have been reversed - but...
The owners of the Kool menthol cigarette brand filed a lawsuit that claims a California cannabis business has infringed upon its trademarked logo. According to Bloomberg Law, Kool owner ITG has sued Los Angeles-based Capna Intellectual, which does business as Bloom...
A Los Angeles commercial real estate firm and two of its licensed brokers won't be held accountable for an unlicensed marijuana retailer that operated at a location where the firm helped set up a lease, a district court judge ruled. The judge's ruling, which came...
California has a reputation for heavily regulating businesses, and the marijuana industry is no exception. As of Jan. 1, a mandate requires all marijuana products to be labeled with warnings about the health dangers of both marijuana smoke and THC.
Hoped-for guidance for cannabis companies affected by Section 280E of the federal tax code won’t be published anytime soon, an IRS attorney said recently.
The Fresno City Council voted to establish an equity fund that would help financially assist disadvantaged marijuana business owners, the latest city among California municipalities that are trying to give a leg up in the industry to those hit hardest by the war on...
The legal cannabis industry has grown at a "staggering rate" in Washington and now contributes roughly $2 billion a year to the Pacific Northwest state's economy, according to a new report from Washington State University. The report, titled "2020 Contributions of the...
