New York’s cannabis social equity director resigns
The leader of New York’s cannabis social equity program has resigned in the latest shake-up in the state’s marijuana regulatory agency. Damian Fagon, chief equity officer for the state’s Office of Cannabis Management (OCM), will resign from his post in...
Licensing glut has New Mexico’s legacy marijuana businesses closing, downsizing
Many legacy marijuana businesses in New Mexico are closing or downsizing because the state has issued so many licenses the market is oversaturated. As of September, the state had doled out more than 1,000 retail cannabis licenses, according to the Albuquerque Journal,...
Cannabis software employee denied visa for work ‘abetting’ US drug law violations
In a test case of the ongoing conflicts between federal and state marijuana statutes, a cannabis software firm wants a U.S. judge to override immigration authorities who denied an employee a visa on the grounds that his work “aided and abetted activities related to...
Fourth California marijuana testing lab loses license as crackdown continues
California regulators revoked another commercial marijuana testing laboratory’s license in the past month, public records show. The revocation of San Diego County-based Verity Analytics’ license – reflected in California Department of Cannabis Control (DCC)...
Martha’s Vineyard cannabis operator Fine Fettle poised for sale
Massachusetts-based Black Harbor Group is positioned to purchase Fine Fettle, a licensed cannabis cultivator and manufacturer located on Martha’s Vineyard in West Tisbury, Massachusetts. The Select Board of West Tisbury unanimously approved the change of ownership for...
Marijuana cultivator Bright Green’s shares suspended from Nasdaq trading
Bright Green Corp., the first plant-touching marijuana business to trade on a major U.S. stock exchange, said its shares have been suspended from trading on the Nasdaq. The suspension comes after Nasdaq canceled the Florida-based company’s Sept. 26 hearing to appeal...
5 strategies to reach financial success in the cannabis industry
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) From small-town dispensaries to multistate operators, cannabis executives must be particularly savvy with their financial management. Cannabis...
‘Secretive’ Wyoming companies win Missouri marijuana social equity licenses
Applicants for adult-use marijuana social equity business licenses in Missouri are crying foul after it was revealed that nearly half the licenses awarded in the Kansas City area went to companies registered out of state. According to The Kansas City Star,...
Cannabis operator Ayr Wellness loses CEO David Goubert
David Goubert resigned as president and CEO of cannabis multistate operator Ayr Wellness. Goubert was installed as president of Miami-based Ayr in October 2022 and appointed CEO in February 2023. ADVERTISEMENT Ayr’s board of directors plans to conduct a search...
Second phase of German adult-use marijuana market launch in jeopardy
Germany’s long-anticipated “Pillar 2,” which would launch adult-use marijuana sales as part of a limited-duration pilot project, is in danger of being abandoned, according to elected officials. Advocates for adult-use cannabis in Germany proposed standing up the...
Audience and purpose drive cannabis sales: Q&A with Kanha Global’s Angela Cheng
Targeted marketing plans that align with local and cultural values are essential for cannabis companies seeking to expand reach and maximize sales. With more than two decades of experience in brand marketing, Angela Cheng, chief marketing officer at California-based...Featured
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