Court ruling threatens New York’s illicit cannabis crackdown
A recent court ruling is jeopardizing New York’s crackdown on illicit cannabis sellers that Gov. Kathy Hochul and other officials have credited with rescuing the state’s struggling legal marijuana market. A Queens County Supreme Court judge ruled on Aug. 14 that...
California hemp fight signals long-term struggle with marijuana
The scene at Total Wine & More in Corte Madera, California, reflects a growing trend nationwide. Gummies infused with 100 milligrams of THC are sold in one corner of the store, while cans of Cantrip root beer infused with 10 milligrams of hemp-derived THC are...
David Klein retiring as CEO of Canadian cannabis operator Canopy Growth
The chief executive officer of one of the oldest and biggest cannabis companies in Canada is retiring. David Klein, who joined Canopy Growth Corp. as CEO in January 2020, will retire at the end of the company’s current fiscal year, on March 31, 2025, according to a...
California hemp stakeholders celebrate as restrictions are scuttled – for now
California hemp interests are celebrating after a push by marijuana regulators and the governor to strictly regulate intoxicating hemp-derived cannabinoids under state law failed in the Legislature. Assembly Bill 2223, which posed an “existential threat” to hemp in...
Judge dismisses challenge to Wyoming’s ban on hemp-derived THC products
Wyoming’s ban on the sale of delta-8 and other hemp-derived THC products will remain in place after a federal judge granted the state’s motion to dismiss the case. In July, Judge Kelly Rankin rejected an initial challenge to the restrictions on intoxicating...
Teamsters unionize fourth Verano cannabis store in Illinois
The Evanston, Illinois, location of the Zen Leaf cannabis retail chain “voted overwhelmingly” to join the International Brotherhood of Teamsters Local 777. Zen Leaf, a subsidiary of Chicago-based multistate operator Verano Holdings Corp., has 10 outlets in Illinois....
Rescheduling alone wouldn’t solve the marijuana industry’s banking problem
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) The federal government’s proposed rescheduling of marijuana is a positive and necessary step forward, to be sure. And while rescheduling would...
NORML: ‘No rational explanation’ for Missouri raising limits for toxic additive
The Missouri chapter of the National Organization for the Reform of Marijuana Laws (NORML) is pushing back on the state’s new regulations that allow higher levels of potentially toxic vitamin E acetate in cannabis products, including vape cartridges. Missouri’s...
US alerts hemp sector to new Chinese CBD regulations
China is shifting its regulations on CBD production that could lead to legalized production in the East Asia country, according to a memo from the U.S. Department of Agriculture. The United States’ top source of all imported goods, China also has some of the...
California seizes 2.2 million illicit cannabis packages in Los Angeles Toy District raid
California authorities seized 2.2 million illicit cannabis packages – many designed to appeal to children – during a sting operation in downtown Los Angeles’ Toy District. The operation focused on 11 storefronts where multiple businesses were...
Marijuana MSOs set up high-risk fight with IRS over 280E of tax code
Tens of millions of dollars in tax savings and a quick increase in available cash are some of the immediate short-term benefits for the five major marijuana multistate operators that have declared their freedom from Section 280E of the Internal Revenue Code. But in...Featured
1
Latest Sponsored
