New York has shuttered 1,000-plus illicit marijuana sellers, governor says
Authorities in New York state have closed 1,009 illicit marijuana sellers since the spring, including 779 in New York City alone. That was the message that Gov. Kathy Hochul and New York City Mayor Eric Adams shared with the state’s residents and legal cannabis...
Cannabis businesses incorporate reused materials into packaging
(This story is part of the cover package in the July-August issue of MJBizMagazine.) Though hard figures are difficult to confirm and quantify, the regulated marijuana industry produces an enormous amount of waste. In 2020, the National Cannabis Industry Association...
Members of anti-marijuana groups sue New York regulators
A group of New York residents filed a lawsuit against the state’s marijuana regulatory agencies and their top officials in the latest legal challenge to the fledgling adult-use market. The lawsuit, filed July 29 in state Supreme Court in Albany County, alleges...
Oklahoma imposes stricter rules for cannabis testing labs, seeks THCA ban
Oklahoma has enacted stricter standards for medical cannabis testing laboratories, including a state reference lab to double-check results and a secret-shopper program to discretely obtain products to verify results. Also among the Oklahoma Medical Marijuana...
New Zealand rule changes will ease medical marijuana exporting
New Zealand’s body of senior ministers has approved rule changes that will make it easier for the nation’s medical marijuana operators to export their products. In perhaps the biggest change to the Medicinal Cannabis Scheme – as the country’s MMJ...
Sustainable cannabis cultivation methods boost efficiency and the bottom line
(This story is part of the cover package in the July-August issue of MJBizMagazine.) For decades, cannabis cultivators honed their craft in secret, often in small spaces that were designed primarily to operate without being detected by police or government authorities...
Virginia fines hemp businesses nearly $11 million for violating rules
Authorities in Virginia levied $10.77 million in fines on almost 350 businesses across the state for violating rules restricting intoxicating hemp-derived cannabinoid products. According to Axios Richmond, nearly 82% of hemp businesses visited by Virginia regulators...
Is the future of cannabis in Europe? Q&A with Bloomwell CEO Niklas Kouparanis
(This story originally appeared in the July-August issue of MJBizMagazine.) It hasn’t always been easy, but keeping faith in the European cannabis market is about to pay off for Niklas Kouparanis. The Bloomwell Group founder and CEO first joined Germany’s medical...
Marijuana company with Israel, Germany operations regains Nasdaq compliance
IM Cannabis Corp., a medical marijuana company operating in Israel and Germany, said it has regained compliance with the minimum-bid price requirement to list on the Nasdaq stock exchange. The company said in a Monday news release that it received notification July 26...
Verano spending $105M to buy cannabis licenses in 2 markets from Cannabist Co.
Chicago-based cannabis multistate operator Verano Holdings Corp. entered into an agreement with The Cannabist Co. to acquire the New York-headquartered MSO’s plant-touching operations in Arizona and Virginia. Verano will pay $105 million in cash, stock and...
DEA still has doubts about marijuana rescheduling, GOP lawmakers claim
Two leading congressional Republicans wrote a letter to Biden administration officials expressing concern with the marijuana rescheduling process’ “unusual” circumstances and suggesting that the U.S. Drug Enforcement Administration has similar doubts. The...Featured
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