Massachusetts revokes first cannabis testing laboratory license
In a first for the Massachusetts cannabis market, state regulators have suspended the business license for a commercial testing laboratory. The suspension of Assured Testing Laboratories’ license by the state Cannabis Control Commission (CCC) comes amid...
Marijuana MSO TerrAscend is planning to exit Michigan market
Marijuana multistate operator TerrAscend Corp. is pulling out of the Michigan market after completing a review of its business operations in the state. The company, which has offices in New York and Toronto, plans to sell or divest all of its Michigan assets,...
Delaware to launch recreational cannabis sales on Aug. 1
Delaware will launch recreational cannabis sales on Aug. 1, state officials announced Tuesday, making the state the 22nd market with regulated adult use. The first retail opportunities are reserved for the state’s 13 medical marijuana businesses, all of which are...
Are THC potency caps a move toward marijuana prohibition? Debate is brewing
With many consumers demanding high-potency cannabis, a debate is swirling over whether states where marijuana is regulated should implement caps on THC content in flower, concentrates and edibles. While many states regulate the amount of marijuana products that can be...
New York regulators expand cannabis recall after alleged ‘inversion’
New York regulators have expanded a cannabis product recall after alleging that the operator in question illegally “inverted” marijuana into the regulated system. The recall comes amid concerns that inversion – or the insertion of cannabis or THC...
2 board members, including Kris Krane, resign from marijuana operator 4Front
Two board members of 4Front Ventures Corp. have resigned as the marijuana company wrestles with receivership and bankruptcy proceedings. Board Chair Kris Krane and Director David Daily submitted their resignations last week, effective immediately, according to a news...
Independent cannabis operators versus MSOs? Consumers don’t walk the talk
As cannabis businesses strive to establish brand loyalty, they’re learning that consumer purchasing habits don’t always align with stated preferences. A recent survey by California-based medical marijuana telehealth platform NuggMD reveals that although consumers...
Maine hikes adult-use marijuana tax 40%; consumption lounge bill stalls
Maine’s adult-use marijuana tax will increase from 10% to 14% starting Jan. 1 under the $11.3 billion state budget Gov. Janet Mills signed into law this week. That’s up from the 10% current special levy applied to cannabis – an increase of 40% – and is in...
Judge tosses lawsuit against Nebraska’s medical cannabis program
A Nebraska judge has dismissed a lawsuit alleging the state’s medical cannabis program is unconstitutional because marijuana remains federally illegal. Lancaster County District Court Judge Susan Strong tossed the case brought by former state Sen. John Kuehn, who...
How private credit built – and will continue to sustain – the marijuana industry
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) In the absence of traditional banking, private credit has emerged as the cornerstone of the U.S. marijuana industry. Alternative financing groups...
Principals of cannabis ad platform Weedmaps back out of stock purchase
WM Technology co-founders Douglas Francis and Justin Hartfield are backing out of a deal to purchase the company’s outstanding common stock. WM Technology is the Irvine, California-based parent company of cannabis advertising platform Weedmaps. ADVERTISEMENT...Featured
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