Cannabis MSO Trulieve escapes ‘debt tsunami’ with $368 million payoff
Trulieve Cannabis Corp. will pay off $368 million in outstanding debt well before the loan’s 2026 due date, the company said Tuesday. The Tallahassee, Florida-based marijuana multistate operator will pay back the full amount of the 8% loan plus interest by Dec. 25,...
Sudden changes threaten to disrupt Minnesota’s hemp THC market
Minnesota’s warm embrace of hemp-derived THC products set itself apart from other states with legal, regulated adult-use marijuana access. But sudden changes imposed last month to how hemp products are tested, transported and labeled are encouraging some hemp...
Michigan cannabis operators go to court to block massive tax hike
Michigan cannabis operators are going to the courts to block a new 24% wholesale tax on marijuana. In an Oct. 29 filing with the Court of Claims, industry advocates described the massive tax hike, set take effect Jan. 1, as an “unconstitutional statue adopted in...
Study: Colorado cannabis labs produce unreliable THC potency results
Colorado cannabis labs produce consistently unreliable results for THC potency, with identical samples returning values that vary by up to 38%, or more than twice what state law allows. That’s one of the “staggeringly bad” findings in a small-scale study conducted...
Campaign to end Massachusetts cannabis legalization accused of dirty tricks
The ballot initiative campaign seeking to end Massachusetts’ $1.6 billion annual legal cannabis industry says it’s not affiliated with the signature gatherers accused of using misleading and deceptive behavior to fool voters into signing petitions. But there would be...
Florida elections officials are sabotaging marijuana legalization, lawsuit claims
Florida elections officials are refusing their “indisputable … mandatory and ministerial” responsibilities to thwart a marijuana legalization campaign. That’s according to a lawsuit filed Oct. 30 in state Supreme Court by Smart & Safe Florida, the marijuana...
California cannabis czar announces departure
The chief regulator of the biggest adult-use cannabis market in the country is stepping down. Nicole Elliott, director of the California Department of Cannabis Control since 2021, will leave the position at the end of the year, she announced on Friday. ADVERTISEMENT...
How cannabis retailers can boost margins with accessories
Amid tax woes and price compression, cannabis retailers are searching for new ways to boost their bottom lines. The secret solution? Small-ticket items and smarter retail systems, according to Mike Martin, the vice president of sales at Denver-based gear wholesaler...
Taking Your Business to the Next Level: The Ecommerce Maturity Scale
This is a note from our sponsors. What got you started, won’t get you where you want to grow. Selling highly regulated products online is complex and requires a conscious transformation to scale and grow. To be successful, you need the right partners,...
September cannabis sales in New Mexico hit $44 million
September cannabis sales in New Mexico reached $44.3 million, with adult-use accounting for $34.2 billion of the total, according to the state’s Cannabis Control Division. Adult-use marijuana sales are expected to hit $530 million this year, according to MJBiz...
Minnesota city plans to open government-run cannabis store
A Minnesota city may soon start selling cannabis like it does liquor: via a city-run store. The City Council in Osseo, a city of fewer than 2,700 people about 15 miles northwest of downtown Minneapolis, approved plans on Monday to open a municipal cannabis store, CCX...Featured
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