Marijuana MSO Standard Wellness secures $10 million loan
Marijuana multistate operator Standard Wellness Holdings has secured a $10 million credit facility. The 10-year term loan, which amortizes over 20 years with a 9.25% interest rate, will support the Ohio-based company’s growth and operational expansion, according to a...
Cannabis operators report Instagram page ‘shadow bans’ and closures
Despite growing acceptance of cannabis, many state-regulated marijuana businesses say their social media pages are being hidden, engagement is being throttled and – in some cases – accounts are being shut down. Because most states restrict marijuana ads...
Farm Bill protections remain for hemp amid federal budget chaos
Existing Farm Bill protections remained in place for U.S. hemp operators as the federal government lurched toward a partial shutdown Friday after the failure of a spending plan. Yet another extension of the 2018 Farm Bill, which legalized hemp production nationwide...
California issues list of approved pesticides for cannabis cultivation
California regulators have released a list of 261 pesticide products they’ve approved for use on cannabis products. The guidance from the California Department of Pesticide Regulation comes on the tail end of another trying year for the state’s industry...
Delaware awards 15 licenses for recreational marijuana retailers
Delaware issued 15 more recreational marijuana licenses for retailers via a lottery held by the state’s cannabis regulatory agency. The winning numbers, selected Thursday from a pool of 529 applicants through a computer-generated system, were revealed during a...
Can liability waivers protect cannabis consumption-lounge operators?
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) As cannabis-consumption lounges become more common in states where marijuana is regulated, owners of such spots face a unique challenge: balancing...
THCA seizures lead to $735K settlement for Tennessee hemp businesses
Authorities in Tennessee will pay two hemp businesses $735,000 after seizing hundreds of pounds of what an attorney called “THCA flower.” The settlement, which the state has yet to approve, is the result of a federal lawsuit filed in May by Old School...
Marijuana MSO Cansortium finalizes merger with RIV Capital
The merger between Florida-based, vertically integrated marijuana multistate operator Cansortium, which operates under the Fluent brand, and RIV Capital closed on Thursday. Under the transaction – which MJBizDaily first detailed in May – Fluent has...
Massachusetts hires new cannabis chief; Arkansas’ MMJ regulator resigns
(This story was updated on Dec. 27 to reflect that Travis Ahern has accepted the post.) Travis Ahern, the administrator for the town of Holliston, Massachusetts, has accepted the role of executive director of the state’s Cannabis Control Commission (CCC). Ahern...
Nearly 70 Michigan marijuana businesses fined for regulatory violations
Sixty-seven licensed marijuana businesses in Michigan were fined for various regulatory violations in November. According to a news release from the Michigan Cannabis Regulatory Agency (CRA), the fines ranged from $333.33 to $19,000. ADVERTISEMENT The highest fine was...
Cannabis operators share tips for licensing brands
As more states adopt regulated marijuana programs, executives at licensed cannabis brands are seeking innovative ways to reach new markets. Brand licensing, revenue-sharing, profit-sharing and franchising all are ways to circumvent restrictions on interstate commerce,...Featured
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