Organic Alternatives, a cannabis operator in Fort Collins, Colorado, closed voluntarily over worries about the spread of coronavirus - and many more marijuana shops likely could do the same soon despite the loss in sales they’ll experience....
John Rebchook
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Oklahoma medical marijuana shop hit by trademark suit
An Oklahoma bank filed a federal lawsuit against a Tulsa medical cannabis dispensary for trademark infringement. In a lawsuit filed in the Northern District of Oklahoma, the Bank of Oklahoma accused the Dank of Oklahoma dispensary of using a variation of the...
Maine issues conditional licenses to 31 adult-use cannabis companies
As Maine prepares for recreational marijuana sales to begin in a few months, regulators have issued 31 conditional adult-use cannabis licenses - 16 of them to retailers. In addition to the stores, the Office of Marijuana Policy said it is...
MJBizDaily podcast: Coronavirus hits cannabis industry and more
Coronavirus dominated global headlines, including for the cannabis industry. Some of the other top headlines addressed in this week's MJBizDaily podcast include: Washington state ups its social equity stake. Earnings madness marches on. Maine marijuana unit looks to...
Cannabis group’s CEO stepping down
Marijuana industry veteran Neal Levine announced on Thursday that he is resigning as the CEO of the Cannabis Trade Federation, a national coalition of MJ-related businesses.
Poll: Top China cannabis supply chain threat amid coronavirus?
With nearly all hardware for marijuana vape products sourced from China, the coronavirus outbreak highlights how delicate the supply chain is for marijuana businesses in the sector.
South Dakota tribe votes to legalize cannabis on reservation
Members of an American Indian tribe in South Dakota voted to legalize medical and recreational marijuana on their reservation, according to preliminary results from the Oglala Sioux’s election commission. The results of Tuesday’s referendum to allow MJ sales on the...
Maine marijuana unit would target illegal market
A proposed new division of the Maine Drug Enforcement agency would focus on shutting down the illicit marijuana market that competes with state-licensed MJ growers, processors and retailers. The four-person unit would be funded each year with $649,000 in revenue from...
Green Thumb inks $50 million cannabis sale-leaseback deal in Illinois
Marijuana multistate operator Green Thumb Industries on Monday announced it has sold an Illinois cultivation and processing facility to San Diego-based Innovative Industrial Properties in a sale-leaseback deal valued up to $50 million.
South Dakota tribe voting on marijuana legalization
Oglala Sioux Tribe members will vote Tuesday on whether to legalize medical and recreational cannabis on the Pine Ridge Reservation in South Dakota. If the vote passes, the tribe would be the first in the U.S. to sell marijuana in a state where it is otherwise...
Cannabis firm BR Brands plans $43 million deal for Denver’s Dixie Brands
Connecticut-based marijuana firm BR Brands on Monday announced it will merge with Dixie Brands, a Denver manufacturer of cannabis-infused products and a consumer packaged goods company, in a $43 million reverse takeover. Under the terms of the transaction, BR Brands...
Harvest Health settles Ohio medical marijuana dispute for $500,000
Marijuana multistate operator Harvest Health & Recreation must pay a $500,000 to settle a social equity misrepresentation charge from Ohio regulators before it can open three medical marijuana dispensaries in the state.
