Inactive marijuana business licenses in California outnumber active permits
In another troubling sign of the times, the number of inactive marijuana business licenses in California now surpass active permits. According to an analysis by SFGate, inactive and/or surrendered licenses climbed to 10,828 compared with 8,514 active licenses....
Switzerland charts conservative course for adult-use cannabis legalization
In a significant step forward for cannabis legalization in Europe, a parliamentary commission in Switzerland has proposed a law that would allow regulated adult-use sales. Sales, however, would be controlled by a government monopoly and there would be limited private...
Marijuana operator Story Ohio secures $15 million loan for expansion
Story of Ohio got a $15 million loan from Advanced Flower Capital to support its expansion in Ohio’s adult-use marijuana market. The subsidiary of Phoenix-based multistate operator Story Cannabis Co. plans to expand by developing and acquiring marijuana retailers in...
Despite finding unlikely allies, cannabis industry still struggling with debanking
The U.S. cannabis industry might have finally found a receptive audience in Washington, D.C., to hear its pleas after years of facing debanking incidents nationwide. The debanking issue rekindled national attention in December on the Joe Rogan podcast with noted...
Study: Artificial cannabinoids, illegal THC potencies in hemp shipped to California
A new study by a group of licensed cannabis businesses and affiliates highlights the widespread presence of synthesized cannabinoids and THC limits far exceeding California law in dozens of products shipped into the state branded and identified as hemp. According to...
Quebec cannabis retailer SQDC reports income of CA$40.5 million
Quebec’s government-operated marijuana retailer, Société québécoise du cannabis (SQDC), reported income of 40.5 million Canadian dollars ($28.6 million) for its fiscal third quarter, which ended Jan. 4. That’s an increase from CA$33 million for the same period a year...
Chinese marijuana vape-tech giant ran illegal monopoly, lawsuit claims
China-based Shenzhen Smoore Technology Co., known as the world’s largest manufacturer of industry-standard cartridge-based marijuana oil vaporizers, orchestrated an illegal monopoly to win control of the market and squash competition, a new class action lawsuit...
Germany’s cannabis market is evolving, but elections loom
Germany will hold federal elections on Feb. 23 that will decide whether the left-leaning Social Democratic Party (SDP) will continue to lead the nation or if they will relinquish power to the right-leaning Christian Democratic Union (CDU). Among the constituencies...
Oregon marijuana businesses challenge voter-approved pro-labor law
Two Oregon marijuana businesses have filed a lawsuit challenging a law approved by voters in November requiring operators to enter labor peace agreements. According to the lawsuit obtained by MJBizDaily, Bubble’s Hash and Ascend Dispensary are seeking an injunction to...
Some in cannabis industry hopeful after Kennedy confirmed as health secretary
Cannabis interests struck a hopeful note as the U.S. Senate on Thursday confirmed Robert F. Kennedy Jr. as the next health secretary on a mostly party line vote. Optimism existed despite RFK Jr.’s: Lukewarm support for marijuana reform during his confirmation...
Ohio recreational marijuana sales exceed $319 million in 6 months
Recreational marijuana sales in Ohio hit $319.6 million in the six months since adult use launched in August – far more than the $14.5 million taken in by the state’s medical cannabis market in its first six months. Since Ohio’s medical marijuana program...Featured
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