Cannabis boards have a fiduciary duty to advocate for criminal justice reform
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Some cannabis stakeholders suggest that licensed operators should advocate for criminal justice reform because it is the “right” thing to do....
Minnesota cannabis social equity verification opens June 24
(This story was updated to include a link to the social equity verification site.) Aspiring Minnesota business owners can start the social equity verification process on June 24, marking the first step toward potentially securing a cannabis business license in the...
Pennsylvania adult-use marijuana sales could top $2.8 billion, report says
Adult-use marijuana legalization in Pennsylvania could lead to $2.8 billion in legal sales within a year. That’s the rosy projection released Thursday by legalization advocacy organization Responsible PA, which hired Washington, D.C.-based FTI Consulting to crunch the...
Massachusetts watchdog urges receivership for Cannabis Commission
Massachusetts Inspector General Jeffrey Shapiro called on the state’s legislative leaders to appoint a receiver to manage the day-to-day operations of the Cannabis Control Commission (CCC) before the end of the legislative session. In a letter sent June 18 to state...
Michigan passes California in marijuana units sold, per capita spend and more
Three years ago, cannabis industry stakeholders viewed New York as the state most likely to dethrone California as the nation’s largest regulated marijuana market. Today, Michigan leads the nation in several key metrics. ADVERTISEMENT With almost four times the...
Blüm nets $24.8M in sale of California cannabis store amid restructuring
(This story was updated to remove a reference to California marijuana retailer Haven, which was not involved in this transaction.) California cannabis company Blüm Holdings has sold its controlling interest in an Orange County store for $24.8 million as part of its...
Colorado sues business that allegedly marketed marijuana as hemp
(This story was updated June 20 at 2 p.m. ET to include comments from the owner of CBDDY.) Colorado’s attorney general is suing Greeley-based cannabis product retailer Gee Distributors, which does business as CBDDY, as well as owner Christopher Landon Eoff for...
Cannabis vape tech maker accused of illegal monopoly tactics
Illegal monopoly tactics and “abusive litigation” are how a Chinese company became the world’s largest maker of vaporizer devices in the cannabis industry, according to federal court filings. In a counterclaim filed June 14 in federal court in California,...
Ohio operators prep for launch of adult-use marijuana market
Ohio’s transition from a medical marijuana market to one that also offers adult-use sales will not follow the blueprint of other states. For starters, Day 1 of sales – typically a celebratory event statewide – is still a mystery, even as the application...
Netherlands’ experiment with legal cannabis cultivation expands
The Netherlands’ famous marijuana-selling “coffee shops” in eight more cities can acquire regulated cannabis from licensed growers as an ongoing experiment with legal production expands. As of Monday, as many as 80 coffee shops in 10 Holland cities can acquire...
Marijuana MSO The Cannabist Co. exiting Florida in corporate restructuring
The Cannabist Co. on Monday announced a restructuring plan expected to save the marijuana multistate operator $10 million in annual operational expenses. The cost-cutting initiatives, according to a news release, include: Divesting all assets and licenses in Florida....Featured
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