Ohio adult-use cannabis retailers fined $212,000 for violating marketing rules
Ohio regulators issued more than $200,000 in fines to five cannabis retailers for violating marketing and promotional restrictions surrounding the Aug. 6 launch of adult-use sales. ADVERTISEMENT According to Cleveland.com, the state’s Division of Cannabis Control...
Marijuana banking reform still needed if rescheduling occurs, report says
Rescheduling marijuana “is unlikely by itself” to solve the cannabis industry’s longstanding banking woes, according to a new report from Congress’ official policy-research arm. An analysis in an Aug. 26 report from the Congressional Research Service also...
Missouri cannabis operators face Sept. 1 deadline to implement plain packaging
Missouri’s plain packaging requirements for recreational cannabis products take effect Sept. 1, more than a year after the rule was put in place. But many marijuana operators say the state is lagging on approving their new designs, according to the Missouri...
December marijuana rescheduling hearing prompts anger, stock sell-off
For the second year running, the $32.1 billion U.S. cannabis industry will head into the Labor Day holiday weekend on the heels of a major milestone in the Biden administration’s effort to reschedule marijuana. Instead of celebration, however, anger and a minor...
New York hemp retailers file lawsuit against state regulator, NYC sheriff
Three licensed hemp retailers in New York filed a lawsuit in which they claim their constitutional rights are being violated in the wake of several raids against licensed operators. According to the Times Union, the suit was filed late Monday in state Supreme Court in...
Maryland cannabis regulator fines Curio $8,000 for advertising violations
Maryland fined two divisions of cannabis multistate operator Curio Wellness a total of $8,000 for violating state advertising regulations. It’s the second time this year Curio Wellness has been fined by home state regulators. ADVERTISEMENT In March, the Maryland...
Marijuana MSO Ascend appoints new CEO, CFO in leadership shake-up
Two key executives are out at Ascend Wellness Holdings as the New York-based marijuana multistate operator struggles with declining revenue and increased losses. Samuel Brill, the lead independent director on the company’s board, will replace John Hartmann as...
Value of a cannabis license varies with type, market age
A cannabis business license in one jurisdiction can be a golden ticket to substantial profits; in another market, the same license might be worth little more than the paper it’s printed on. In established markets such as California, Colorado and Oregon, where...
DEA: Marijuana rescheduling hearing won’t happen until after general election
Marijuana won’t be downgraded from Schedule 1 to Schedule 3 of the Controlled Substances Act until December at the earliest, according to a U.S. Drug Enforcement Administration notice. The DEA said in a notice that appeared on the Federal Register late Monday that the...
Massachusetts Cannabis Social Equity Trust Fund surpasses $27 million
The Cannabis Social Equity Trust Fund in Massachusetts is flush with more than $27 million, according to a new report. The fund’s total balance, according to the state’s Executive Office of Economic Development, came largely from the first full annual transfer...
New York won’t process 2023 adult-use marijuana applications until 2025
New York regulators won’t finish reviewing applications for adult-use marijuana business licenses submitted late last year until 2025. That’s the timeline set by Felicia Reid, the acting director of the state’s Office of Cannabis Management (OCM), during an...Featured
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