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Week in Review: High Times switches CEOs again, Florida court mulls cannabis revamp, solid sales in IL, OK & more

Los Angeles-based High Times Holding Corp. replaced CEO Stormy Simon after only four months on the job, marking the third time in a little more than a year the cannabis magazine publisher has hired a chief executive. Simon is being replaced by Peter Horvath, who most recently ran Ohio-based cannabis retailer Green Growth Brands. He also has […]

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Could economic slide lead to more California cannabis industry opportunities? Some industry experts say yes

The economic downturn stemming from the COVID-19 crisis is going to leave government officials at all levels scrambling for fiscal stimulation nearly anywhere they can find it to offset lost tax revenues and jobs. As a consequence, some in the California cannabis industry see a window to expand marijuana businesses’ footprints around the state. “A lot of […]

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Most California marijuana industry legislative priorities likely dead for the year due to COVID-19

Count the California marijuana industry’s legislative agenda among the victims of the coronavirus. Although the state Assembly reconvened on Monday after the entire legislative session was suspended in mid-March because of the pandemic, the state Senate won’t return until May 11. And it’s clear there is only one major priority for Assembly members: handling the […]

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Chart: Adult-use cannabis markets see uneven impact in April from coronavirus crisis

While the COVID-19 pandemic continues to dampen adult-use marijuana sales in most U.S. markets, Washington state experienced its strongest month of cannabis sales yet – highlighting the diversity of legal markets. According to point-of-sale data provided by Seattle-based Headset, April 2020 recreational marijuana sales in Washington state eclipsed $106 million, a record for the state. […]

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Coronavirus sparks marijuana retail workers to try unionizing in Illinois, Massachusetts

The COVID-19 crisis has accelerated unionization efforts at a handful of cannabis stores and dispensaries in Illinois and Massachusetts that, if successful, could result in thousands of dollars in added staffing costs for the multistate operators that own the establishments. Safety concerns are among the issues spurring the unionization efforts, as well as pay, benefits, […]

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Week in Review: Cannabis firm iAnthus’ CEO resigns, High Times’ retail move, IL delays adult-use marijuana licensing & more

New York-based multistate marijuana operator iAnthus’ CEO Hadley Ford stepped down after the company’s internal investigation found he should have disclosed personal loans that constituted a “potential or apparent” conflict of interest. MJBizDaily takeaway: The iAnthus case is a reminder to publicly held cannabis companies of the importance of transparent disclosures and strict adherence to conflict-of-interest […]

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Marketing lessons cannabis companies learned during 4/20

The coronavirus pandemic forced marijuana companies to be creative in getting the word out during this year’s 4/20 sales event. With limited to no in-store sales capabilities, businesses leaned on web-based solutions, including social media, videoconferencing and email marketing to reach consumers about the unofficial April 20 cannabis holiday. Marijuana Business Daily surveyed several cannabis […]

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