MJBizDaily

Image of Colt Power and Kim Flores sorting hemp-infused gummies at Power Biopharms in Euless, Texas.

Texas rejected a hemp THC ban. Why is the industry being regulated out of business?

Texas Gov. Greg Abbott said he wanted to regulate hemp THC, not ban it. The state's actions since tell a different story.

Jennifer Makris, Cannabis Cash Consultants/Courtesy photo

Latest Posts

California county’s voters reject measure restricting marijuana cultivation

Voters in Humboldt County, California, soundly rejected a ballot initiative Tuesday that aimed to widely curb marijuana cultivation in that region.

News March 8

Image of a "Closed/Out of Business" sign on an industrial-looking door

Colorado cannabis chain Maggie’s Farm hastily closes 5 stores

Colorado cannabis retail chain Maggie's Farm is responding to criticism after it shuttered five locations in late February without warning employees.

News March 8

Biden talks marijuana in ‘historic’ speech but gives no rescheduling update

Marijuana reform garnered only a brief mention during President Joe Biden’s annual State of the Union address on Thursday night.

News March 8

Image of a businessperson fanning out money

AFC Gamma is looking to finance ‘unburdened’ cannabis borrowers

Publicly traded cannabis industry lender AFC Gamma reported nearly $16 million in net interest income for its fourth quarter ended Dec. 31, down 18.9% from the same quarter a year…

News March 8

Image of a MedMen store in Long Beach, California

MedMen shutters all but 2 of its California marijuana operations

MedMen Enterprises has shuttered all but two of its stores in California, workers confirmed to MJBizDaily. Only MedMen stores in San Diego and near Los Angeles International Airport remain open.

News March 8

Image of CBD and other products at a health and wellness store

Opinion: How to prepare for cannabis’ inevitable future as a natural product

As cannabis marches toward becoming a category in the natural products and wellness CPG industry, its potential economic impact is immense.

News March 8

Image of delta-8 blue raspberry gummies and hemp leaves

Florida bill that bans delta-8, other compounds sent to governor

Florida lawmakers have approved a wide-ranging bill that critics contend could destroy the state’s hemp market.

News March 7

Image of a field of hemp under a cloudy, blue sky

California outdoor cannabis celebration Emerald Cup postponed until August

The 2024 Emerald Cup, the Northern California sun-grown cannabis celebration now in its 20th year, has been pushed from May until August.

News March 7

Image of a calculator and pencil sitting atop earnings statements

Marijuana MSO MariMed reports revenue growth to $148.6 million, net loss in 2023

Massachusetts-based marijuana multistate operator MariMed reported a record year for revenue growth and a net loss in its full-year and fourth-quarter earnings report.

News March 7