Colorado enacts new laws and regulations for marijuana industry
A slew of new cannabis laws and regulations went into effect Monday in Colorado, addressing issues such as online retail sales, intoxicating hemp products, lab testing and hospitality. ADVERTISEMENT Among the new laws and rules highlighted by the Colorado Marijuana...
Cannabis MSO 4Front Ventures converts debt to equity, appoints new CEO
Multistate cannabis operator 4Front Ventures Corp. hired a new CEO and plans to convert $23 million worth of its senior secured debt into equity. Approximately 44% of the company’s senior secured debt will be converted into subordinate voting shares at a price...
Florida lawmaker proposes 10% THC cap on adult-use marijuana
If Florida voters legalize adult-use marijuana later this year, a Republican state lawmaker wants to ensure that only limited-potency cannabis will be allowed in stores. Florida Rep. Ralph Massullo introduced a bill on Friday that would impose a potency cap on any...
Canada destroyed 3.7 million pounds of unsold, unpackaged cannabis since 2018
Canadian operators destroyed millions of packages of unsold cannabis products and a record amount of unpackaged dried flower in 2022 and the first half of 2023, largely because of years of imbalance in supply and demand, MJBizDaily has learned. According to data...
Retail operator files lawsuit challenging California marijuana excise taxes
One of California’s largest cannabis retail chains is challenging an emergency rule change that state tax collectors implemented in December to vastly expand the scope of marijuana excise taxes. HNHPC, which operates as Catalyst Cannabis Co., filed a lawsuit Dec. 28...
Alabama medical cannabis launch blocked again
An Alabama judge this week halted the state’s latest efforts to issue medical cannabis licenses. After issuing a temporary restraining order blocking the issuance of dispensary-only permits in late December, Montgomery County Circuit Judge James Anderson on Wednesday...
Kentucky eyes new qualifying conditions for medical marijuana, taps Metrc
Kentucky Gov. Andy Beshear is calling for additional qualifying health conditions for the state’s upcoming medical marijuana program, which would expand the total addressable market for MMJ businesses. The Democratic governor also announced new regulations for...
Wisconsin governor says he’ll settle for medical cannabis legalization
Wisconsin Gov. Tony Evers has been unsuccessful in his attempts to fully legalize marijuana in the state, but now he says he’ll support a Republican plan to legalize medical cannabis. The Democrat told the Associated Press in an interview that he still prefers...
Marijuana genetics trends to extend beyond high THC in 2024
THC potency – the higher, the better – is still the most important factor to consumers shopping for marijuana products, cannabis operators say, but secondary factors also are driving genetics trends at cultivation facilities across the United States. In...
Heavy outside influence in Missouri cannabis micro licensing, report says
A new state-issued report on Missouri’s cannabis industry provides new insights regarding the application process, approvals and disqualifications for newly created microbusiness licenses. The microbusiness licenses were designed to allow “marginalized or...
DEA confirms it is reviewing marijuana rescheduling recommendation
The U.S. Drug Enforcement Administration is currently “conducting its review” of an earlier recommendation that the agency reschedule marijuana, a DEA official recently told a federal lawmaker. The potential rescheduling of marijuana started with President...Featured
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