Gov. Gavin Newsom gave California’s marijuana industry reason to rejoice this week when he came out forcefully in favor of overhauling the state’s cannabis tax system to help MJ businesses woo customers from the thriving underground market.
Wouldn’t it be great if words that we’re tired of could just stop being part of our reality?
We’ve lived in “unprecedented” and “uncertain” times for nearly two years, thanks to the COVID-19 pandemic. It’s disrupted our daily lives and our business operations.
Los Angeles-based marijuana multistate operator Viola Brands closed a $13 million equity funding round with the aim to expand into several new markets.
California marijuana companies – already facing labor shortages, high taxes and regulatory red tape – are now contending with supply-chain gridlock, forcing many to reassess and revamp procurement strategies as margins shrink.
Kentucky-based Cornbread Hemp has included mailers in its marketing strategy for at least two years.
But a recent tweak to the company’s messaging on a promotional postcard brought more attention than it bargained for – so much so, it’s been flooded with orders and incited some worry among Cornbread Hemp’s customer base.
Scotts Miracle-Gro said that first-quarter sales of its Hawthorne Gardening Co. hydroponic business are expected to decline about 40% because of a slowdown in the cannabis market and supply-chain disruptions.
A California cannabis business that lost a license after its former owner was convicted on bribery charges is suing the municipality that revoked the permit, claiming city leaders exceeded their authority and didn’t follow their own procedures for disciplining marijuana companies.