New Jersey’s medical cannabis program regulators won’t make the Nov. 1 deadline to announce the winners of six additional dispensary licenses. Demand for medical marijuana in the Garden State spurred New Jersey Gov. Phil Murphy in July to call for doubling the number of dispensaries, from six to 12. But the state has been flooded with […]
Read MoreUnited States
California busts on illegal cannabis operations continue: Thousands more plants seized
More busts indicate that state and local authorities in California continue to step up efforts to crack down on black market marijuana operations, a development that could help licensed businesses who’ve long complained that illicit operators undercut their sales. Here’s a roundup of some of the latest enforcement news from California: Detectives with the Tulare […]
Read More
Chart: The days of CBD-only stores may be numbered
While hemp and marijuana may be close relatives, most hemp-derived CBD retailers don’t sell the products alongside medical cannabis. But as state laws around cannabidiol continue to change, stand-alone CBD stores may become a relic. According to estimates from Hemp Industry Daily in the 2018 Hemp & CBD Industry Factbook, CBD sales in the U.S. are expected to […]
Read More
MedMen corrects statement about acquiring marijuana store from Berkeley Patients Group
California-based marijuana giant MedMen released an inaccurate statement this week saying it had signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group, one of the nation’s oldest cannabis retailers.
Read More
In reversal, WA state permits production of cannabis gummies, hard candies
Washington state regulators Friday abruptly reversed a recent decision halting the production of certain marijuana edibles and will now allow infused product makers to manufacture state-approved gummies and hard candies, a spokesperson for the state’s Liquor and Cannabis Board (LCB) told Marijuana Business Daily. The reversal – which came after fierce industry opposition – will no doubt […]
Read More
Hawaii lab rejects more than 20% of medical marijuana tested
Hawaii’s first and biggest cannabis testing lab is sending back a sizable percentage of the medical marijuana it tests for contaminants. Hawaii News Now reports that Honolulu-based Steep Hill Hawaii is rejecting 20%-30% of the marijuana that comes through its doors. Michael Covington, chief operations officer for Steep Hill Hawaii, told the news outlet that […]
Read More
DE medical cannabis business owner gets industry ban for forging doctor’s signature
Forging physician signatures can get someone booted from the marijuana industry and could lead to jail time. That’s the hard lesson Carolan Krajewski, owner of Delaware Holistic Medicine, which provided health records to help patients get medical marijuana cards, is learning after pleading guilty to tampering with public documents. The business had previously been known […]
Read More
Marijuana firm Cresco Labs charts plan to go public in Canada
Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). The firm announced Wednesday that it’s pursuing an RTO of Randsburg International Gold (RGZ.H), an Ontario-based firm that has no significant operations […]
Read More
California cannabis industry heavyweights file lawsuit in response to federal suit filing
Three former executives claim in a new lawsuit that prominent California marijuana consultant Avis Bulbulyan is a “talented prevaricator” whose “entire professional image is built on a carefully manufactured foundation of deceptions.” The suit, filed last week by Lance Ott, David Yeager and Steve Baghoomian alleges Bulbulyan lured them to join his cannabis consultancy, SIVA […]
Read More
Oklahoma banking officials warn banks about serving medical marijuana firms
Oklahoma banking officials are urging financial institutions to be cautious or even stay clear of the state’s nascent medical marijuana industry, dealing a potential setback to MMJ companies hoping to secure accounts with local banks or credit unions. Oklahoma banking commissioner Mick Thompson told a legislative working group that financial institutions must weigh the dangers […]
Read More
Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp
Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]
Read More
Facebook to allow cannabis searches ahead of Canada’s adult-use legalization
Social media giant Facebook will stop blocking marijuana-related searches, including those for legitimate businesses with the word “cannabis” or “marijuana” in the name, MarketWatch reported. The move, which ends a monthslong block on cannabis and related search results, is expected to help marijuana businesses engage with consumers via social media. Facebook’s unexpected decision comes ahead of […]
Read MoreConference News
October Issue
Extraction Smackdown. Weighing the pros and cons of CO2 hydrocarbon and ethanol extraction methods.Read the Issue