Texas medical marijuana operators ‘push but not shove’ to expand state’s limited MMJ program
Texas’ limited medical marijuana program is considered economically unviable for MMJ companies, generating sales that represent a fraction of what one industry executive described as a potential billion-dollar market.
Lack of standards, dubious business practices threaten to upend cannabis testing industry
A lack of standards in cannabis testing results is plaguing the industry. Some business owners are shopping around for labs that will give them the results they want to see, while others are sending in adulterated samples. And testing labs are being shuttered by state regulators for allegedly reporting results that don’t match up with audits.
Week in Review: Cannabis toll from lack of jobless stipends, rising Illinois MJ sales, Texas hemp firms sue state & more
It’s been a little more than a week since the $600-per-week federal jobless benefits expired, and the toll that lack of extra support could take on the cannabis industry – especially recreational businesses – might well become more apparent this month.
Cresco Capital backs $25 million funding of CPG marijuana firm
Los Angeles-based Future State Brands, a consumer brands cannabis holding company, received $25 million of funding led by Cresco Capital Partners.