EMAIL: johnr@MJBizDaily.com
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John Rebchook, Staff Writer

John is an award-winning journalist who spent most of his decades-long career as the real estate editor of the Rocky Mountain News in Denver. At different times John also wrote about banking, economic development, cable TV, workplace issues, technology and national and local political issues impacting business. He has also freelanced for Marijuana Business Magazine. John also published his own real estate blog for almost seven years and was a columnist at the Colorado Real Estate Journal. Before joining the Rocky, John worked at newspapers in Wisconsin, Illinois and Texas.

Nevada’s Planet 13 cannabis firm ends $10 million deal to enter California

April 13, 2020

Nevada-based marijuana company Planet 13 on Monday said it is terminating its $10 million acquisition of a cannabis sales license and lease in California, which would have served as the company’s entry into that key market. The stock and cash deal for Newtonian Principles, announced last June, was terminated “due to unmet conditions in the […]

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Week in Review: Cannabis firm iAnthus can’t make interest payments, MA gov sued, COVID-19 causes slide in adult-use marijuana sales & more

April 11, 2020 · Updated April 17, 2020

Multistate marijuana operator iAnthus defaulted on interest payments, in part blaming the coronavirus. In addition, the New York-based company revealed that its CEO is being investigated for a potential, but unidentified, conflict of interest. The company also postponed its financial results. MJBizDaily takeaway: COVID-19 aside, the disclosures from iAnthus are additional red flags for a company […]

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Ohio medical cannabis sales hit record $13 million in March

April 10, 2020

Medical marijuana dispensaries in Ohio sold almost $13 million in product in March, setting an all-time record for one month as business surged during the coronavirus pandemic. Oregon also reported record marijuana sales in March. During a mid-March week, MMJ dispensaries in Ohio recorded $3.8 million in sales, by far the most ever sold in a […]

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Massachusetts marijuana firm cuts workers, blames COVID-19, governor

April 10, 2020

New England Treatment Access, a Massachusetts cannabis company, on Friday said it will reduce its workforce by an undisclosed number of employees as it has seen its store traffic drop by 85% during the coronavirus crisis. NETA President Amanda Rositano blamed Republican Gov. Charlie Baker’s decision to not allow adult-use cannabis stores to remain open […]

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LivWell buys Denver cannabis edibles firm Sweet Grass

April 10, 2020 · Updated May 20, 2020

LivWell Enlightened Health, one of Colorado’s largest marijuana store owners, acquired Denver-based Sweet Grass Kitchen, one of the oldest marijuana edibles brands in the state. The acquisition price was not disclosed, according to Denver alt-weekly newspaper Westword. Sweet Grass products will be introduced into every market where LivWell has a presence and “as we continue […]

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Oregon sets cannabis sales mark with $84.5 million in March

April 9, 2020

Adult-use and medical marijuana stores in Oregon sold $84.5 million in products in March, a record for any month, as the market got a boost from coronavirus-driven purchases. Sales last month were 6.4% higher than the previous record of $79.4 million set in August 2019, Oregon Liquor Control Commission data shows. Year-over-year, Oregon cannabis sales […]

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Denver medical marijuana dispensary loses to IRS in court

April 8, 2020 · Updated July 26, 2021

A medical cannabis dispensary in Denver lost an appellate court battle to prevent the IRS from obtaining business records from state regulators. The U.S. Court of Appeals for the 10th Circuit ruled that an IRS auditor did not act in a way that was “overbroad” or “violated the rights” of the four owners of Standing Akimbo, Colorado […]

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Massachusetts gov sued over closure of recreational cannabis stores

April 8, 2020 · Updated March 12, 2021

A handful of adult-use marijuana businesses on Wednesday sued Massachusetts’ governor, seeking a reversal of his executive order requiring recreational cannabis stores to close during the COVID-19 crisis. The lawsuit calls unconstitutional a decision by Republican Gov. Charlie Baker that adult-use marijuana stores are nonessential businesses and must remain closed until May 4. The lawsuit, filed in […]

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MJBizDaily releases report on how marijuana firms can handle crisis times

April 8, 2020

Marijuana Business Daily published a free online report to provide cannabis companies with actionable information they can use to navigate a crisis such as the current coronavirus pandemic. The 28-page report, “Crisis Management in Cannabis,” offers dozens of prevention and management tips that marijuana businesses are using during the coronavirus pandemic. The report – written and […]

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Anchorage, Alaska, voters reject on-site cannabis consumption

April 8, 2020

In a blow to marijuana retailers in Anchorage, Alaska, voters overwhelmingly rejected a measure to permit cannabis consumption on store premises. According to unofficial election results, roughly 64.3% (28,409) of the voters on Tuesday rejected Proposition 11, which would have permitted “inhaling or smoking marijuana, in addition to eating marijuana edibles,” in cannabis stores. Only […]

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DEA removes cannabis drug Epidiolex from controlled substances list

April 7, 2020

Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, is no longer considered a controlled substance, providing a boost to its manufacturer’s stock price. GW Pharmaceuticals, a biopharmaceutical company based in London, saw its stock go up 5.9% on Tuesday, one day after the U.S. Drug Enforcement Administration said it […]

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Massachusetts marijuana bribery trial delayed because of COVID-19

April 7, 2020 · Updated March 23, 2021

The trial of a former Massachusetts mayor charged with extorting hundreds of thousands of dollars from prospective marijuana businesses has been delayed until September because of the coronavirus pandemic. The trial for former Fall River Mayor Jasiel Correia had been scheduled for May but now will begin Sept. 14, according to legal news service Law360. […]

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