Planet 13 sells Florida marijuana license, will restate financials
Nevada-based marijuana multistate operator Planet 13 Holdings is selling a medical marijuana treatment center (MMTC) license to further its Florida expansion plans and will restate some of its previously reported financials. Planet 13 will receive $9 million in cash...
Trulieve Cannabis cultivation workers in Arizona vote to unionize
A Phoenix cannabis business made labor relations history after workers voted 37-4 to join the United Food and Commercial Workers Union (UFCW) Local 99. Employees at the Trulieve Magnolia cultivation facility, which is owned by Florida-based marijuana multistate...
Massachusetts town returns $1.2 million in impact fees to marijuana business
A groundswell is developing in Massachusetts that might lead several municipalities to return millions of dollars of community impact fees to marijuana businesses. Retailer Caroline’s Cannabis last week reached a $1.2 million settlement with the town of Uxbridge in a...
Mississippi cannabis advertising ban is constitutional, judge rules
A federal judge has dismissed a lawsuit by a Mississippi medical cannabis dispensary challenging the state’s ban on cannabis advertising. However, U.S. District Judge Michael P. Mills seemed to hint that his Monday ruling could change if federal law changes....
Marijuana operator The Cannabist Co. buying back $25 million in debt
The Cannabist Company Holdings, a marijuana multistate operator, has announced a deal to buy back up to $25 million in principal on senior secured debt by issuing shares. The senior secured convertible notes, due in June 2025, carry a 6% interest rate. ADVERTISEMENT...
Opinion: Cannabis companies should file amended tax returns to claim 280E refunds
Trulieve Cannabis Corp. announced in October that it claimed $143 million in federal tax refunds by filing amended federal tax returns for 2019-21. The Florida-based multistate operator took the position in the amended returns that Section 280E, which prevents...
Wisconsin medical marijuana push will fail, top Republican claims
The Republican push to legalize medical marijuana in Wisconsin under some of the nation’s toughest restrictions won’t pass the state Senate, according to a leading Republican cannabis advocate. That means medical marijuana legalization in Wisconsin will likely have to...
Ohio medical cannabis sales peak as adult-use market launch remains stalled
Sales of medical cannabis in Ohio’s tightly restricted market appear to have peaked, as lawmakers continue to stall the launch of the state’s recently legalized adult-use marketplace. Licensed retailers reported selling $484 million of medical cannabis in 2023,...
CEO, board chair exit marijuana MSO MedMen
Los Angeles-based marijuana multistate operator MedMen Enterprises has experienced another shakeup in its executive suite, with CEO Ellen Deutsch Harrison stepping down on Jan. 19. Separately, Michael Serruya, the company’s board chair, departed his position on...
Cannabis retailers say they need more from track-and-trace software
(This story is part of the cover package in the January -February issue of MJBizMagazine.) Marijuana industry veterans who have dealt with track-and-trace systems generally have found that these programs can meet their expectations on the cultivation and production...
Tobacco giant’s CA$124M investment in marijuana firm Organigram approved
Shareholders of Organigram Holdings approved tobacco giant British American Tobacco’s “transformational” investment in the Canadian cannabis producer, the company said after its annual general and special meeting. The deal, first announced last...Featured
1
Latest Sponsored
