Nevada Medical Cannabis Business & Marijuana Legal News

Sales of marijuana edibles up in at least four states in wake of vape health scare

The vaping health crisis apparently has been good for the marijuana edibles sector, a sign that consumers are funneling more money into infused products instead of vaporizers. Since the first vape-related death was reported in August, retail sales of edibles have climbed steadily in four states while those of vaping products have declined, though the […]

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Week in Review: Mexico moves toward recreational cannabis legalization, vape firm Pax cuts jobs, Northeast govs huddle & more

Mexico prepares to become the most populous nation in the world to legalize adult-use marijuana, vape company Pax cuts 25% of its workforce, governors of Northeast states consider working together to legalize recreational MJ – and more of the week’s top cannabis business news. Mexico prepares to legalize recreational cannabis Mexico’s Senate is ready to receive a […]

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Green Growth Brands loses $64 million amid marijuana dispensary delays

Ohio-based CBD and cannabis company Green Growth Brands recorded a loss of more than $64 million for its fiscal year as it faced higher-than-expected capital expenditures and delays in building out its Nevada dispensaries. The company did not list its results from the previous year – it became a publicly traded company in January. Green Growth […]

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Nevada suspends Reno marijuana grower’s license

Nevada cannabis regulators suspended the license of a Reno cultivator, just days after the beginning of an investigation into the industry by a governor-appointed, multiagency task force. The cultivator, Helio, was notified of the suspension Friday, according to the Reno Gazette Journal. The action comes as a task force has been making unannounced spot inspections of several […]

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Nevada inspecting cannabis testing labs in corruption probe

A Nevada task force investigating possible corruption in the marijuana industry already has conducted unannounced spot inspections at several testing laboratories. The inspections are being done, the Las Vegas Journal-Review reported, after allegations emerged that test results had been manipulated, allowing products with unacceptable levels of mold, yeast and other microbials to be sold to […]

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CEO of DionyMed cannabis company leaves amid possible default

Toronto-based DionyMed, a multistate marijuana brands operator, is under pressure after key executives stepped down amid a possible credit default. CEO Edward Fields and Mark Zinselmeier, the chief operating officer, resigned from the company, which has businesses in states including California and Nevada. DionyMed received a notice of default under an existing credit agreement demanding […]

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Week in Review: Early freeze costs largest CO marijuana cultivator millions, Weedmaps lays off 100+, MJ licensing probes escalate & more

Colorado’s largest marijuana cultivator suffers an early freeze that is expected to trigger a supply disruption in the state, more than 100 Weedmaps employees receive pink slips, enforcement efforts intensify to root out corruption in local and state cannabis licensing – and more of the week’s top cannabis business news. Supply freeze Colorado’s largest cannabis […]

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Chicago marijuana firm inks $29 million real estate deal

Revolution Global, a Chicago-based cannabis company, will more than double the capacity at its flagship cultivation facility in Illinois after securing $28.75 million in funding from Freehold Properties, a Las Vegas-based real estate investment company. The doubling of size is in anticipation of a huge increase in demand when recreational marijuana sales begin in Illinois on […]

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Chart: How medical cannabis programs fare in states with recreational markets

The legalization of recreational cannabis can put a big dent in a state’s pre-existing medical marijuana market. Patient counts in Colorado, Massachusetts, Nevada and Oregon – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – have all suffered in the months and years since the launch of […]

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FBI probing potential public corruption in California capital’s marijuana industry

The FBI is investigating suspected corruption involving Sacramento, California, cannabis businesses and public officials. The FBI interviewed marijuana industry officials in California’s capital city over the past few months about potential bribes made in exchange for license approvals and other favorable treatment, The Sacramento Bee reported Monday. The report about the probe comes a day […]

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Nevada governor forms marijuana task force to attack corruption

Nevada Gov. Steve Sisolak on Friday announced he is creating a multiagency task force to “root out corruption or criminal influences” in the state’s legal cannabis market, spurred by federal charges filed against two businessmen with ties to President Trump’s personal lawyer, Rudy Giuliani. The announcement came a day after a federal indictment in New […]

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