Judge sides with Washington state over cannabis residency requirement
A U.S. judge ruled that Washington state’s residency requirement for cannabis company owners and investors is constitutional.
Trade agency rules in favor of cannabis vaporizer companies in patent suit
The International Trade Commission ruled in an initial determination that dozens of North American cannabis vaporizer companies did not infringe upon three patents owned by Shenzhen, China-based Smoore Technology.
Cannabis companies seeking real estate face limited choices and premium prices
Experienced cannabis entrepreneurs know that ancillary companies such as construction and banking providers often charge marijuana businesses more than their non-plant-touching counterparts—the so-called “green tax.”
Marijuana M&A: Distressed, smaller and failed deals expected in 2023
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.
Former cannabis executive Justin Costello pleads guilty to securities fraud
Justin Costello, a former CEO of Seattle-based GRN Funds, pleaded guilty on Wednesday to securities fraud after posing as a billionaire and war veteran to dupe investors into funding his cannabis-related business schemes.
Marijuana industry layoffs and cost-cutting likely to continue in 2023
2022 saw a wave of layoffs in the cannabis industry. Its pressures are uniquely challenging and there’s no end in sight in 2023.
Washington state marijuana regulatory chief Rick Garza to retire
Rick Garza, director of the Washington state Liquor and Cannabis Board, is retiring from the post, effective July 1.
