Cannabis firm Nextleaf Solutions loses longtime CEO Pedersen
(This article was updated to note that the company is secured debt free.) Paul Pedersen, longtime CEO of Canadian cannabis firm Nextleaf Solutions, has stepped down, the company’s board of directors announced. Emma Andrews, director of marketing, has been...
Connecticut marijuana testing lab closes, leaving state with one
Connecticut’s regulated marijuana industry has been left with a single licensed testing laboratory after the closure of one of the state’s two authorized labs. New Britain-based AltaSci Laboratories closed in March, the New Haven Register reported....
Can Tilray successfully synergize its cannabis, alcohol businesses?
With its right hand, Tilray Brands has consolidated a swath of the Canadian cannabis market, most recently buying Hexo Corp. in its quest to grow market share. With its left hand, Tilray has gone on a beverage alcohol acquisition bender in the United States....
Judge blocks Arkansas ban on delta-8 THC, other hemp products
In at least a temporary victory for the Arkansas hemp industry, a federal judge blocked enforcement of a recent state ban on products containing intoxicating hemp-derived cannabinoids such as delta-8 THC. Calling the ban confusing and arbitrary, U.S. District Court...
Massachusetts adult-use marijuana sales hit $5 billion milestone
Sales of adult-use marijuana hit the $5 billion mark in Massachusetts, where the executive director of the state’s Cannabis Control Commission shot down an earlier announcement that he is resigning. Massachusetts cannabis regulators said sales have not slowed as...
Lawsuit challenges Virginia’s new hemp-product restrictions
Two hemp businesses and a consumer filed a lawsuit in Virginia federal court contending the state’s new restrictions on low-THC, hemp-derived products is causing financial harm to hemp companies and inhibiting interstate commerce. The lawsuit by hemp-product retailer...
UK committee calls for wider access to ‘unlicensed’ medical cannabis
The United Kingdom’s Home Affairs Committee is recommending the government widen access to unlicensed cannabis-based products for medical use via the National Health Service before the end of the current Parliament. The National Health Service (NHS) is England’s...
North Carolina tribe votes yes on recreational marijuana legalization
Members of a Native American tribe in North Carolina on Thursday voted to legalize recreational marijuana on their territory. The measure passed by a vote of roughly 2,400 to 1,000, Blue Ridge Public Radio reported. ADVERTISEMENT The outcome of the Eastern Band of...
Non-revenue-generating cannabis jobs in peril as demand grows for hourly workers
(This story is part of the cover package in the September issue of MJBizMagazine.) For evidence of headwinds facing the regulated marijuana industry, look no further than the cannabis labor market. As headlines from the past several months attest, employers ranging...
Marijuana MSO Cresco Labs launches Spotify ad campaign
Cresco Labs, a Chicago-based marijuana multistate operator, is launching a new advertising campaign on the Spotify audio streaming service. ADVERTISEMENT The campaign, targeting Illinois consumers, will promote the company’s Sunnyside cannabis chain with...
Massachusetts bank enters cannabis industry with new service unit
Berkshire Bank, one of the largest banks in Massachusetts, is expanding services for cannabis companies and entrepreneurs nationwide. The new banking unit will be established through a partnership with Florida-based Green Check Verified, a cannabis financial services...Featured
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