California Medical Marijuana News
With the start of a new year, cannabis companies across the country are tweaking their business models to meet changing laws and regulations that could affect sales and how they run their operations.
Marijuana multistate operator Curaleaf Holdings said Thursday that it will shutter the majority of its operations in three Western U.S. states – California, Colorado and Oregon – and reduce its workforce by 10%, another sign of ongoing difficulties for the cannabis market as a whole.
California marijuana cultivation capacity is down significantly from early 2022, with some growers choosing not to plant or renew their licenses because of low wholesale prices and tough economic conditions.
Are blockbuster, billion-dollar marijuana mergers and acquisitions behind us?
Possibly, say insiders. But they also predict 2023 will feature brisk cannabis M&A activity, with the overall value of transactions possibly topping the $3.2 billion recorded in 2022.
Several cannabis companies have added marijuana seeds to their line of product offerings – even though the move, at first blush, might seem counterintuitive.
New York-based marijuana multistate operator Columbia Care is laying off 25% of its corporate headcount as part of a larger effort to slash costs, reduce cash burn and improve performance.
A cannabis-friendly hotel in Las Vegas will open this spring after the tourist city approved marijuana consumption lounges last year.
