MJBizDaily
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US Treasury plans to collect marijuana business info from banks
A wing of the U.S. Treasury Department is planning to gather data from banks on marijuana businesses as part of its money-laundering risk oversight.
News June 9
L.A. adopts emblem program in bid to crack down on illicit cannabis operators
Cannabis retailers in Los Angeles will soon be able to display an official emblem that signals to customers they are operating a state-licensed business.
News June 8
Scotts Miracle-Gro again warns of sluggish marijuana grow-supply sales
Scotts Miracle-Gro said it expects sales of its Hawthorne unit, which includes marijuana cultivation supplies, to decline 40%-45% for the fiscal year ending Sept. 30, a pessimistic turn from comments…
News June 8
Cannabis retailers increasingly discounting their products
U.S. and Canadian marijuana retailers are discounting their products more and more, forgoing billions of dollars in revenue since the launch of adult-use markets in recent years.
News June 8
Marijuana tech firm Dutchie lays off 67 employees, citing ‘dramatic market shift’
Oregon-based marijuana tech company Dutchie laid off 67 employees this week, about 8% of its 700 workers.
News June 7
Mississippi starts medical cannabis licensing; sales to begin by year-end
Mississippi medical cannabis regulators opened the licensing application process last week for growers, processors, testing facilities and transporters, but it could be year-end before sales start.
News June 7
Connecticut to fine illegal marijuana ‘gifting’ practice
The practice of “gifting," where marijuana products or plants are exchanged for donations or other purchases, could now result in a hefty $1,000 fine in Connecticut.
News June 7
Safe Harbor makes first cannabis loan beyond Colorado’s borders
Marijuana industry finance company Safe Harbor Financial is lending beyond its home state of Colorado, handing a $5 million loan to Massachusetts-based Solar Cannabis.
News June 7
As New York develops adult-use marijuana rules, equity concerns emerge
New York's plan to create a diverse, multibillion-dollar adult-use marijuana industry is in danger of slipping from its high goals, according to critics, making it potentially the latest social equity…
News June 7
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