How New York is keeping cannabis medical after legalization
By law, New York’s $2 billion cannabis market is famously “equity first.” In practical terms, that’s meant giving justice-impacted individuals and community-service nonprofits first crack at retail opportunities – and keeping that commitment despite near-constant...
Cannabis operator Ayr Wellness restructures to cut debt by 50%, focus on growth
Multistate cannabis operator Ayr Wellness is undergoing a restructuring that will cut its debt in half, streamline operations and enable the company to come out stronger under new ownership. Senior note holders, led by Boston-based investment adviser Millstreet...
BLAZE launches ‘BLAZE Labs’ and ‘Herbie’ AI assistant as part of broader rebrand and innovation push
BLAZE, a leading cannabis software company, is expanding its focus on artificial intelligence with a companywide rebrand and the debut of BLAZE Labs, an internal innovation hub designed to pilot experimental AI tools and gather retailer feedback. The first release...
Are Massachusetts cannabis commission votes valid? AG to decide
The Massachusetts Cannabis Control Commission is awaiting guidance from the attorney general’s office on the validity of votes taken during the two years following the removal of Chairwoman Shannon O’Brien. The votes include the approval of licenses and two rounds of...
Mitigating the impact of section 280E for cannabis businesses
Cannabis businesses, while legal in many states, face numerous challenges because of federal law. One of the most significant is the high federal effective tax rate, which can easily exceed 50%. These high rates are caused by Section 280E of the Internal Revenue Code....
Ohio governor bans THC-infused hemp products temporarily
Ohio Gov. Mike DeWine issued a 90-day ban on the sale of intoxicating hemp products, including THC-infused gummies and beverages commonly sold in gas stations, taprooms and retail stores. The products are defined as any THC-containing items sold outside of licensed...
8 strategies to scale your cannabis business
Moving from a startup to a scalable enterprise is a goal for any ambitious company. But the path to growth is filled with unique challenges, from complex regulations to intense market competition. ADVERTISEMENT Scaling successfully requires more than a great product....
Legal battle brews over Michigan’s new marijuana tax
Michigan’s leading cannabis trade group on Tuesday filed a lawsuit challenging the new 24% wholesale tax Gov. Gretchen Whitmer recently signed into law. The lawsuit, filed in the state Court of Claims by the Michigan Cannabis Industry, seeks to block the tax,...
MJBizCon highlights women driving diversity in cannabis
From building successful brands and advocating for social equity to shaping policy and advancing cultivation science, women are breaking barriers, driving innovation and championing equity in the cannabis industry. The stories of Tiana Woodruff, Eden Williams, Asya...
New York cannabis sales hit record-breaking $214.4M
New York’s legal marijuana market saw impressive growth at the end of the summer, hitting a record-breaking $214.4 million in sales for August. It’s the highest monthly sales figure in the nearly three-year history of the industry in the state, according to...
Hemp THC ban, cannabis reform in limbo during federal shutdown
As the wheels of the U.S. federal government – or most of them – remain halted following the budget impasse and resultant shutdown that began at midnight Oct. 1, progress toward realizing the $32 billion cannabis industry’s Washington wishlist is also frozen. While...Featured
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