2 Navajo Nation members face charges for illicit marijuana grows
Navajo Nation law enforcement has charged two tribal members with illegally growing marijuana on tribal lands in New Mexico. Prosecutors announced the charges Jan. 4 against Dineh Benally and Farley BlueEyes, alleging they operated a massive grow near Shiprock,...
Cannabis hiring firm, Colorado team up on social equity education program
Colorado’s Cannabis Business Office (CBO) is launching an educational program designed to support marijuana social equity entrepreneurs in the industry. The program, dubbed CannaBusiness Growth, is designed by Denver-based Vangst, a jobs platform for the...
Arkansas medical marijuana sales hit $283 million in 2023, up 2.5%
Consumer spending on legal medical marijuana in Arkansas reached $283 million in 2023, an annual record and a 2.5% increase over the $276 million in sales reported in 2022. “From $31 million in sales in 2019 to $283 million in 2023, the industry has grown each...
Judge quashes Montana law creating escalating cannabis licensing fees
A Montana judge has restricted state regulators from collecting escalating fees from adult-use cannabis operators based on the number of stores they own. The order effectively overturns a key element of House Bill 903, which required entrepreneurs with multiple retail...
Adult-use marijuana sales growth in 2023 varied by market age
With most regulated adult-use marijuana markets reporting sales numbers through November, year-over-year growth rates in 2023 varied by market age. New markets in Arizona, Illinois and Maine continued to grow – although at slower rates than in 2022 – while...
Cannabis operator Tilray trims loss to $46 million in quarter on record sales
Canadian cannabis producer Tilray Brands trimmed its loss to $46.2 million (61.6 million Canadian dollars) in the second quarter of its 2024 fiscal year on the back of record net sales. Tilray reported second-quarter revenue of $193.8 million, a 34.4% improvement...
Latest marijuana social equity challenge is doomed, Washington state judge hints
A federal court in Washington state has rejected a cannabis entrepreneur’s initial effort to upend the market’s marijuana social equity program. And U.S. District Judge Tiffany Cartwright hinted in her Jan. 5 ruling that a constitutional challenge to social...
Connecticut AG cracks down on unlicensed cannabis gifting event
Connecticut’s attorney general sent a cease-and-desist letter to organizers of an event in Hamden as part of his office’s ongoing crackdown on unlicensed cannabis sellers. Organizers Joseph Accettullo and Cody Roberts were told to stop holding their weekly...
Wisconsin GOP’s medical marijuana bill contains limited business opportunities
Republicans in the Wisconsin State Assembly introduced a medical marijuana legalization proposal that offers limited business opportunities. Only nonsmokable marijuana would be available to seriously ill state residents with either a terminal diagnosis or a chronic...
Troubled cannabis company Canopy Growth raising $30 million
Hard-pressed Canadian cannabis company Canopy Growth Corp. is selling equity for cash, announcing a private placement of shares and warrants to raise $30 million. The 7 million units are priced at $4.29. ADVERTISEMENT Each unit can be either: One Canopy share and a...
Two-thirds of California marijuana labs can’t test flower after rule change
Less than one-third of California’s 37 licensed cannabis testing laboratories began the new year permitted to test marijuana flower and non-infused pre-rolls, state regulators told MJBizDaily. That’s because only 12 labs are currently compliant with a recent state law...Featured
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