The coronavirus outbreak brought to the forefront a double standard the marijuana industry has faced for years. Now cannabis businesses are fighting back.
John Schroyer
John Schroyer's Latest Posts
CA marijuana exec sues MedMen affiliate Captor Capital for fraud, more
A longtime Southern California marijuana entrepreneur and executive filed suit against Toronto-based Captor Capital – a former financial partner of MedMen Enterprises – for fraud, breach of contract and other misdeeds and is seeking at least $2.8 million in damages.
L.A.’s 100 extra retail marijuana permits a result of settlement, plaintiff says
The Los Angeles City Council's decision to double the number of social equity retail marijuana licenses was the result of a court room settlement, according to a plaintiff in the lawsuit. Madison Shockley III, an actor turned entrepreneur, told Marijuana Business...
California enacts tax warrants in fight against illicit marijuana businesses
In California's ongoing battle against the illicit cannabis market, the state's central tax collection agency served a dozen tax warrants to illegal marijuana retailers in Southern California in recent weeks. Roughly $1 million in underground marijuana products and...
More hurdles for marijuana MSO MedMen in Arizona, California – and in court
Bad news continues to pile up for California-based MedMen Enterprises. After the multistate operator's founders stepped down from leadership roles in January, their replacements have continued to struggle to right the ship, and just last month, MedMen lost a medical...
New regulatory agency takes reins of Nevada’s marijuana industry
Nevada's Cannabis Compliance Board is getting up and running this month in a transition of oversight power from the original industry regulator, the state Department of Taxation. According to KUNR Public Radio, the new board will be in charge...
Big changes in Los Angeles marijuana licensing: Q&A with cannabis czar Cat Packer
As executive director of the Los Angeles Department of Cannabis Regulation, Cat Packer has overseen one of the most turbulent marijuana licensing programs in the nation since being appointed by Mayor Eric Garcetti nearly three years ago. While L.A.'s cannabis...
GreenGro Technologies acquires California real estate for hemp CBD seed cultivation
Ancillary firm GreenGro Technologies announced on Thursday that it has acquired four acres of real estate in southern California for propagating low-THC, high-CBD hemp seeds. "We expect the sale of those seeds during to have a significant...
San Francisco, Oakland advise marijuana firms about possible attacks
San Francisco and Oakland cannabis companies were warned this week that expected July Fourth weekend protests could lead to more burglaries, akin to how some criminals targeted marijuana businesses during Black Lives Matter marches in May. In...
Cresco closes $29M sale-leaseback deal on MA marijuana facility
Cresco Labs, a multistate cannabis operator headquartered in Chicago, has entered into its fifth sale-leaseback deal with San Diego-based Innovative Industrial Properties (IIP), this time for a vertically integrated marijuana facility in Massachusetts. According to a...
Second medical marijuana provider in Louisiana poised to roll out products
Only two entities in Louisiana - both colleges - are authorized to produce medical marijuana for patients, and Southern University on Wednesday is expected to join Louisiana State in rolling out its first product line. Southern's product...
Illinois delays awarding 80 cannabis business permits
The governor of Illinois on Monday signed an executive order delaying the issuance of 80-plus marijuana business permits that were scheduled to be awarded on July 1, and now it’s unclear when the licenses might be granted.
