Armen Yemenidjian resigned as president of multistate cannabis operator Green Thumb Industries.
John Rebchook
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MJBizDaily cannabis investor webinar on tap Tuesday
The clock is ticking to register for Marijuana Business Daily’s Investor Intelligence webinar, "State of the Industry and 2020 Trends," which is scheduled for 1 p.m. ET/10 a.m. PT on Tuesday. Investor Intelligence analysts Craig Behnke and Mike Regan will provide a...
Colorado eases hiring process for cannabis firms eyeing casino workers
In a positive business development for Colorado’s marijuana industry, state regulators are allowing cannabis companies to hire casino workers during the coronavirus crisis without having to obtain any additional credentials. The Colorado...
Illinois adult-use marijuana stores sell $110 million in first three months
Adult-use cannabis stores in Illinois sold almost $110 million in products in the first quarter of 2020, state regulators say.
Week in Review: Marijuana firms cut costs amid COVID-19, L.A. cannabis licensing audit, NYSE aims to delist CannTrust & more
Three multistate marijuana operators - 4Front Ventures, MedMen Enterprises and Acreage Holdings - announced cutbacks in bids to accelerate their paths toward profitability, even as some experts questioned the overall financial strength of the industry amid the...
MJBizDaily podcast: Marijuana firms pivot to virtual 4/20 events, New York adult-use cannabis appears stalled and more
Cannabis companies are hosting virtual 4/20 events amid COVID-19 concerns, instead of the usual monthlong parties and celebrations. Some of the other top headlines addressed in this week's MJBizDaily podcast include: New York adult-use marijuana legalization appears...
Cannabis REIT inks $49 million sale-leaseback deal with Ascend
Innovative Industrial Properties, a real estate investment trust that specializes in the marijuana industry, bought a cannabis cultivation and processing facility in Massachusetts from Ascend Wellness Holdings (AWH) in a $49 million sale-leaseback deal. San...
Marijuana giant Acreage cuts 120 jobs, ends deals in light of COVID-19
New York-based Acreage Holdings on Friday announced it is furloughing 122 employees and taking other cost-cutting measures, becoming the latest multistate marijuana operator to slash costs in response to the coronavirus pandemic.
Denver man sues cannabis firm for alleged spamming
A Denver man filed a lawsuit alleging that the operator of marijuana stores in Colorado, Massachusetts and Nevada violated federal telemarketing law by sending him promotional text messages without his permission. In a proposed class action suit, Bryce Abbink sued...
Massachusetts medical marijuana workers sick with coronavirus
In what could be a warning to medical cannabis business owners throughout Massachusetts, state regulators are looking into complaints that a large MMJ company was not following social-distancing guidelines and other measures to lessen the spread of the coronavirus...
Two Iowa medical cannabis dispensaries close
Two medical marijuana dispensaries in Iowa permanently closed their doors.
Colorado marijuana retailers get OK to resume in-store sales
Colorado regulators delivered good news to the state's recreational cannabis store operators: They can resume selling their products inside their storefronts. The state Marijuana Enforcement Division (MED) bulletin informing cannabis businesses they can allow...
