MJBizDaily

Latest Posts

Image of a lightbar atop a police car

Washington state police implicate Chinese nationals in marijuana bust

Police in western Washington state have made arrests in an investigation into what the Tacoma Police Department described as "a major illegal marijuana grow operation by Chinese nationals."

News March 18
Image of worker in grow room at Native Roots

How R&D cannabis lines help cultivators conduct market research

R&D cannabis lines - or limited-edition, small-batch flower - can create a line of communication between cultivators and consumers, enabling marijuana operators to conduct market research while still bringing in…

News March 18
Image of Welcome to Colorado sign with cannabis leaf

Colorado marijuana sales top $115.4 million in January

Colorado's total marijuana sales in January were essentially flat compared to December transactions in the state.

News March 15
Exterior image of a High Tide Canna Cabana store in Canada

Retailer High Tide reports break-even net income, record cannabis sales

Canadian cannabis retailer High Tide reported break-even net income and positive free cash flow in its financial results for the first quarter of fiscal 2024.

News March 15
Image of Wyoming's state capitol building

Wyoming joins states that ban hemp-derived THC

Wyoming Gov. Mark Gordon recently signed into law Senate File 32, which ban the sale of hemp-derived THC products.

News March 15
Image of a businesswoman using calculator and laptop to calculate business operations

TerrAscend expects $26 million tax refund, shares strategy for marijuana nemesis 280E

TerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under Section 280E of the Internal Revenue Code, and an executive hinted at…

News March 15
Image of Canadian money burning

Canada’s finance minister warned about cannabis industry ‘financial distress’

Canadian Finance Minister Chrystia Freeland was warned last fall about systemic “financial distress” facing the country's cannabis producers, including skyrocketing tax debt and widespread insolvencies.

News March 15
Exterior image of Planet 13 in Las Vegas

Planet 13 recovers some ‘embezzled money’ as 2023 marijuana revenue falls

Planet 13 Holdings has recovered $3.4 million from its case against an investment firm that the marijuana multistate operator alleges “embezzled money from the company's accounts," co-CEO Robert Groesbeck told…

News March 14
Image of a judge's gavel sitting on a pile of cash

Trulieve Cannabis files lawsuit against ex-CFO contesting $350K in expenses

Florida-based marijuana multistate operator Trulieve Cannabis has filed a lawsuit against a former chief financial officer for misappropriating hundreds of thousands of dollars tied to personal expenses.

News March 14
MJBizCon Logo