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.
Washington State MMJ News
A U.S. judge ruled that Washington state’s residency requirement for cannabis company owners and investors is constitutional.
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.
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.”
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.
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.
2022 saw a wave of layoffs in the cannabis industry. Its pressures are uniquely challenging and there’s no end in sight in 2023.
Rick Garza, director of the Washington state Liquor and Cannabis Board, is retiring from the post, effective July 1.