Feds warn 6 more companies to stop selling delta-8 THC in ‘copycat’ labels
Federal authorities have warned six companies selling products containing intoxicating hemp-derived delta-8 THC in packaging that mimics popular snack-food brands to stop or face consequences. But one of the companies told MJBizDaily that, in at least one instance,...
Like a fine wine: Cannabis operators turn to Ganjier program to educate employees
Before he pivoted to the cannabis industry, Chris Fesperman worked for a craft brewery where new hires were expected to complete Cicerone Beer Server certification within their first 90 days. Now director of product and education at California-based Kiva Sales &...
Trump VP pick Vance opposed marijuana banking but silent on legalization
U.S. Sen. JD Vance, the Ohio Republican whom Donald Trump picked as his running mate for the November presidential election, is no supporter of federal marijuana reform. Nor did the 39-year-old former investment banker and “Hillbilly Elegy” author support adult-use...
Canadian cannabis operator SNDL implements restructuring plan
Less than two weeks after acquiring a debt position in Delta 9 Cannabis and entering a stalking-horse agreement to purchase distressed edibles maker Indiva, Canadian operator SNDL is enacting a restructuring plan. The Alberta-based cannabis and alcohol company,...
Unknown compounds found in marijuana testing samples, lab owners say
In recent weeks, the regulated marijuana industry has faced a crisis of confidence prompted by lab-approved products found to contain pesticides. Now there’s evidence some marijuana samples submitted for testing contain a mysterious “soup” of dozens of unknown...
Cannabis MSO Ascend seeks ‘financial flexibility’ via $235M private placement
Cannabis multistate operator Ascend Wellness Holdings said it’s received commitments to raise $235 million in a private placement. The senior secured notes, expected to price at 94.75% of face value, carry a 12.75% interest rate and are due in 2029, the New...
Pennsylvania budget doesn’t include adult-use marijuana legalization
Pennsylvania state lawmakers passed an annual budget without the adult-use marijuana legalization – and accompanying revenue – that the governor had planned for. Gov. Josh Shapiro’s $48.3 billion state spending proposal, pitched in February, included $250...
Germany approves first ‘cultivation social club’ for cannabis
Germany entered a new era for cannabis when the government of Lower Saxony, the country’s second-most-populous of 16 federal states, approved its first so-called “cultivation social club.” Social Club Ganderkesee received the green light on July 8,...
Curaleaf joins marijuana multistate operators pivoting to hemp-derived THC
Curaleaf Holdings was done with hemp. The New York-based marijuana multistate operator had a hemp operation in Lexington, Kentucky, as part of a CBD product line the company had operated since 2018. But as of Sept. 30, 2023, Curaleaf had “ceased all of its operations...
Metrc secures $113M cannabis track-and-trace contract extension in California
(This story has been updated to include the value of the Metrc contract.) California’s cannabis regulatory agency has extended the state’s contract with Florida-based marijuana track-and-trace software company Metrc. The new contract took effect July 1,...
Colorado medical marijuana patient numbers hit new low
The number of medical marijuana patients in Colorado is the lowest it’s been since 2014, when adult-use sales in the state began. A little more than 65,100 patients were enrolled in Colorado’s MMJ program in May, Denver TV station KDVR reported, citing data from...Featured
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