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As SAFE Banking prospects fade in Congress, marijuana industry tempers hopes

Though some marijuana multistate operator executives remain hopeful, others in the industry are skeptical that Congress will pass SAFE Banking this year.

News December 14
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Alabama regulators pick university to score medical cannabis applications

In a deviation from other states, Alabama regulators have designated a state university to score medical marijuana business applications rather than a private company.

News December 14
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Alaska ranks highest, New Jersey lowest in adult-use marijuana taxes, report says

Alaska's recreational marijuana taxes are the highest in the country, and New Jersey's are the lowest. That's according to Richard Auxier and Nikhita Airi, the authors of the Urban-Brookings Tax…

News December 14
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Trulieve Cannabis facing possible class action suit over terminated employees

Employees laid off by multistate operator Trulieve Cannabis filed a possible class action lawsuit alleging the Florida-based company didn't give appropriate notice before letting them go.

News December 13
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Washington state marijuana trade group outlines policy priorities for 2023

Looking to the new year, some of Washington state's cannabis businesses are focused on safety challenges, including ongoing store robberies, and preparing for the potential of interstate marijuana commerce.

News December 13
Interior image of a Fire & Flower cannabis store.

Cannabis retailer Fire & Flower posts CA$28.1 million quarterly net loss

Canadian cannabis retailer Fire & Flower reported a net loss of 28.1 million Canadian dollars ($20.7 million) for the third quarter of its 2022 fiscal year.

News December 13
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Robert Fireman, veteran marijuana industry executive with MariMed, dies

Longtime marijuana industry executive Robert Fireman, chair and CEO of multistate operator MariMed, died unexpectedly on Dec. 11.

News December 13
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Los Angeles selects 100 cannabis social equity applicants after court victory

An additional 100 social equity applicants in Los Angeles will get an opportunity to apply for cannabis retail licenses after a U.S. district judge refused to halt the lottery selection.

News December 13
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Could an Oregon lawsuit legalize interstate marijuana commerce before Congress?

A challenge to Oregon's ban on shipping legal marijuana out of state could win in court and set up legal interstate trade.

News December 13
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