The Los Angeles marijuana market is enduring more licensing delays. This time, it's for a government-ordered audit of the city's cannabis regulators. It means more uncertainty for marijuana firms. And, perhaps most excruciating, it means more money down the drain....
Almost 4% of California's state marijuana business permits remain suspended weeks after regulators put more than 400 in limbo for not participating in mandatory track-and-trace system training. The number of suspended permits has fallen - but remains sizable. As of...
After having avoided an increase in state taxes on legal marijuana, California officials changed course Thursday and announced MJ excise and cultivation taxes will go up effective Jan. 1. High state and local tax rates have been an industry problem that have made...
California's cannabis industry continues to struggle with problems that remain much the same since early 2018 when the state transitioned to a legal market - and no clear solutions have yet emerged. At a two-day marijuana industry conference in Long Beach,...
After a turbulent transition into a legal market in 2018, marijuana cultivators and other cannabis companies in California’s famed Emerald Triangle are finally finding their footing and are optimistic about the future a they finish off the fall harvest.
On the heels of recent news that several U.S. and Canadian marijuana companies were slashing employee head counts, two more California companies announced job cutbacks. CannaCraft and Grupo Flor both told Marijuana Business Daily they undertook cost-saving layoffs as...
California has suspended more than nearly 400 marijuana business permits, temporarily paralyzing roughly 5% of the state’s legal cannabis supply chain ranging from retailers to distributors.
Anyone paying attention to cannabis business headlines has noticed what on its face seems a disturbing trend: At least half a dozen large companies recently announced layoffs, perhaps suggesting there’s financial trouble surrounding the marijuana industry.
Canadian marijuana company Sundial is facing two class action lawsuits filed in the United States by shareholders over hundreds of pounds of alleged "un-sellable" cannabis. The latest suit charged that the company failed to disclose that one...
The vaping crisis is making some lawmakers in Minnesota reluctant to support recreational marijuana legalization in the state. Cannabis opponents latched on to the outbreak as a reason for the state to slow down legalizing adult-use marijuana,...
More confusion was added to the mix in Los Angeles this week over the city's latest marijuana business licensing round after City Council President Herb Wesson called for the process to be redone, thus throwing into doubt the fate of 100 highly coveted cannabis retail...
An African American entrepreneur is offering $250,000 in loans with either zero or a low interest rate to 100 social equity applicants for marijuana business licenses in Illinois in hopes of getting more minorities into the industry. Good Tree Capital founder Seke...
