At least two California retailers have seen enough of a downturn in sales amid the coronavirus pandemic that they've had to reduce their workforces. The Apothecarium and Sparc, longtime San Francisco marijuana shops, confirmed to the Bay Area...
John Schroyer
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Burglary-related losses total millions as cannabis companies pick up the pieces; insurance coverage unclear
The financial toll inflicted on the legal marijuana industry by dozens of burglaries and looting since last weekend is easily stretching into the millions of dollars, leaving some businesses unsure about the future and whether their operations can survive. According...
California looting spurs regulators to remove online cannabis licensing info
In response to recent looting of California cannabis retailers, at least two of the three agencies that oversee the state’s marijuana industry have removed from public view their online databases containing business information.
Top executives from marijuana MSOs detail their favorite state cannabis markets and their plans going forward
A few years ago, many marijuana companies wanted to branch out into as many U.S. state markets as possible. But since the 2019 collapse of cannabis stocks and the retreat of investors, many companies have become much pickier about where they spend their often-scarce resources for expansion.
Cannabis retailer Harborside appeals 280E tax ruling, but will it prove fruitful?
Oakland, California-based marijuana retailer Harborside is returning to court again to argue that Section 280E of the federal tax code is unconstitutional – and this time, the company is employing a new legal team and a slightly different approach.
California cannabis regulator requests staffing help for enforcement
The California Bureau of Cannabis Control, which oversees all sectors of the legal marijuana industry in the state except for cultivators and manufacturers, has requested more funding to greatly expand its enforcement capabilities. According to the Sacramento Bee, the...
Burglars, vandals hit cannabis businesses during protests, likely causing tens of thousands of dollars in losses
Weekend protests over the death of George Floyd in Minnesota came with a cost for marijuana retailers in various states, where a number of MJ shops were vandalized or burglarized by looters. Several business owners told Marijuana Business Daily they believe the damage...
MJardin aborts acquisition of Nevada cannabis edibles maker
Denver-based marijuana management platform MJardin Group terminated its planned acquisition of Nevada edibles maker Cannabella. In a short news release, MJardin disclosed only that the deal had failed to close. The arrangement has been in...
Arkansas high court allows marijuana permit dispute to move forward
In a split decision, the Arkansas Supreme Court ruled that a would-be medical marijuana cultivator that sued the state over alleged unfair business licensing application treatment can proceed - despite objections from the state's attorney general. [include_post...
‘Essential’ designation does not help cannabis companies’ bankruptcy cases
Federal bankruptcy protections remain unavailable for marijuana companies, even though the medical cannabis industry has been deemed “essential” during the COVID-19 pandemic by every state that has a functional MMJ program.
Nevada reviewing alleged campaign illegalities by marijuana MSO MedMen
The Nevada secretary of state's office is reviewing allegations made by a former MedMen Enterprises executive that the cannabis company's co-founders made illegal campaign donations to Democratic Gov. Steve Sioslak. The allegations by former MedMen Chief Financial...
More California towns, counties appear ready to put out welcome mat for marijuana businesses
California’s legal marijuana industry has been limited by local bans in roughly two-thirds of the state, but that situation might be starting to change.
