Top marijuana regulators in 2 states resign before launch of adult-use sales
The top marijuana regulators in two states on the verge of launching adult-use sales are stepping down. Delaware Marijuana Commissioner Rob Coupe is leaving his post only weeks after the state distributed 15 recreational marijuana retail licenses through a lottery...
Cannabis industry relief efforts underway as wildfires rage across Los Angeles area
(This story has been updated to reflect the changing death total.) Los Angeles-area cannabis operators are prioritizing the safety and security of their employees and relief efforts amid historic wildfires raging across the region that have killed at least 24 people,...
Former employees of Cookies marijuana affiliate TRP allege gender bias in suit
The all-male leadership team at a Los Angeles-based national marijuana retailer affiliated with prominent brand Cookies imposed a “bro culture” that encouraged “pervasive gender discrimination,” according to a lawsuit filed by five former women employees. The lawsuit...
Receiver appointed for Red White & Bloom cannabis subsidiary in Michigan
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands. PharmaCo, which was acquired in February 2022 by Red White & Bloom subsidiary RWB Michigan, has...
Opportunities abound with distressed marijuana businesses – but use caution
Because there is a dwindling number of states that haven’t legalized medical and/or recreational marijuana, it is easy to be fooled into believing opportunities to get a cannabis business license would likewise be shrinking. Opportunities abound, however. The question...
Judge nixes GTI plans to open medical cannabis stores at Circle Ks in Florida
A Florida administrative law judge has upheld a 2022 decision by regulators to reject a plan by multistate operator Green Thumb Industries (GTI) to open medical cannabis dispensaries near or adjacent to Circle K stores. According to the News Service of Florida, the...
California bill would end hemp-derived THC ban – but with limits
Products with limited amounts of hemp-derived THC would be legal in California again under a bill recently introduced in the state Legislature. Such products have been banned in the state since September under emergency regulations backed by Gov. Gavin Newsom....
Cannabis financial services firm Safe Harbor cuts $1.2M liability in new deal
Cannabis industry finance company SHF Holdings, doing business as Safe Harbor Financial, has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union. The eradicated indemnity...
Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges
The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process. That’s one example of the “bias” that should disqualify the agency from...
Ohio recreational cannabis sales surpass $242 million in 2024
Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 – only five months after the state launched its adult-use market. The state’s adult-use operators sold 4 million-plus units of manufactured products and 32,487 pounds of plant...
Finance experts mixed on prospects of marijuana capital infusion post-rescheduling
Reaching consensus on hotly debated issues is rare in the cannabis space, especially when it comes to potential ramifications of marijuana rescheduling. Some industry experts, such as cannabis hedge fund manager Patrick Rea, are optimistic that a wall of capital will...Featured
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