James Parker is no stranger to the marijuana industry or distressed-asset investing, and he’s aiming to combine both with a private equity firm he founded in December – California-based Trava Capital.
A former chief financial officer at MedMen, Parker made headlines in 2019 by suing the company for breach of contract.
As marijuana legalization spreads across the United States, retailers experience a range of logistical issues on their first day of sales—particularly in markets with newly legal cannabis sales for recreational use.
Marijuana and hemp companies of all stripes - from growers to retailers - are likely to join other global industries feeling the fallout from the coronavirus outbreak. That's largely because so much inexpensive cannabis hardware is made in China but also stems from...
Even with all the upheaval of the past two years, ongoing shifts in the market involving tax increases, 280E and the potentials surrounding exporting cannabis from state to state might mean even more added costs for cannabis businesses in California.
It’s an open secret in the California marijuana industry that since the state launched licensed adult-use sales in 2018, many – if not most – legal operators have done business illegally to some degree.
The California Cannabis Industry Association might have a serious political problem in Sacramento.
The tax man is not popular in business circles, but that's even more true in the cannabis industry. Particularly in California. Federal and state tax bills have become a major factor in the widening cash crunch that's been developing in the California marijuana market...
Many California cannabis industry watchers are predicting more company failures, more businesses going into court-appointed receivership because federal bankruptcy protections aren’t an option, and more industry exits in general.
Most industry watchers agree that California’s marijuana market problems stem from three main factors including a dual licensing system; high state and local taxes; and the ongoing success of the illegal cannabis market. Some even suggest that Proposition 64, which legalized recreational marijuana in 2016, actually strengthened the illicit sector instead of reducing its impact.
More than a fifth of the cannabis companies in Sacramento, California, are confronting the possibility of at least a temporary suspension of operations on the first day of February. City regulators sent notices to dozens of registered marijuana businesses in December...
Citing the 2019 vaping crisis, California cannabis regulators on Thursday mandated that licensed marijuana retailers and distributors display a QR code in order to differentiate legal cannabis businesses from illicit ones.
Licensed California cannabis companies face a business climate that’s arguably more dire than ever before, despite the hope that came with the launch of legalized adult-use sales in January 2018.
