Two former employees of Arizona-based Harvest Health & Recreation have sued the multistate cannabis operator, alleging they were forced out after alerting management the business had committed multiple violations of state law. The lawsuits, filed April 23 in...
In another sign that underscores the financial hesitancy hitting the national cannabis industry, Chicago-based Cresco Labs said Monday it's pulling out of a previously agreed-upon acquisition of Tryke Cos., a vertically integrated marijuana business that operates in...
When the U.S. marijuana industry learned of a federal grand jury subpoena served to Weedmaps owner Ghost Management Group, the news was an eye-opener for many in the business.
Over the past month, a slew of media stories focused on the sales spike the marijuana industry experienced in mid-March, as the coronavirus crisis took hold across the U.S. and panic buying skyrocketed.
California awarded an additional $30 million to 16 different cities and counties to bolster social equity programs, which are designed to get victims of the war on drugs more directly involved in the legal cannabis industry.
A lawsuit filed last week aims to have the results of Los Angeles' social equity retail licensing round last fall thrown out and the entire process redone. The suit, filed in California Superior Court in Los Angeles County, is led by the newly formed Social Equity...
A small group of licensed California marijuana distributors is trying to solve the ripple effects of unpaid bills by pooling information detailing which companies are reliable or unreliable at paying their tabs. The move comes as the coronavirus is inflicting...
Almost three dozen members of the U.S. House of Representatives have signed a letter to congressional leaders urging that cannabis companies be included in future federal relief packages aimed at stimulating the economy during the COVID-19 outbreak. The letter was...
A MedMen Enterprises creditor is claiming in a civil lawsuit that three men with ties to the California-based marijuana company - including former CEO Adam Bierman and ex-President Andrew Modlin - owe the deeds to their personal homes as part of an investment guaranty...
Voters in Missouri won’t have an opportunity to legalize recreational cannabis in 2020.
The U.S. Securities and Exchange Commission filed a lawsuit against longtime marijuana investor Douglas Leighton, alleging that he and six associates made millions of dollars by engaging in illegal stock manipulation involving Denver-based cannabis technology firm...
The COVID-19 crisis has slammed into the California marijuana industry – just as it has with more mainstream industries – and raised more questions about the sustainability of the state’s already fragile cannabis business environment.
