MJBizDaily

Congress barely understands hemp THC. Lawmakers should learn and regulate – not ban

A hemp entrepreneur tried to convince members of Congress to save the hemp industry. She discovered lawmakers barely understood what they're about to ban.

Image of lightning striking the White House

Latest Posts

Image of an illegal grow room in California

Why 3 illicit marijuana operators decline to go legal in California

California is approaching its fourth year of legal recreational marijuana, yet the underground market is as strong as ever and is making it harder for licensed companies to eke out…

News July 19

When setting cannabis retail prices, covering expense is priority No. 1

Whether they’re shopping in a newly legal market and comparing prices against illicit-market marijuana or weighing prices between a variety of regulated stores in a more mature market, cannabis consumers…

News July 18

New Oregon law reduces regulatory burdens for cannabis businesses

Oregon relaxed some of its cannabis regulations that industry officials said were limiting business growth, hurting licensees and threatening the economic viability of the state’s $1 billion-plus industry. Most of…

News July 16

Court approves Canadian marijuana producer CannTrust’s restructuring plan

A court approved a plan for troubled Canadian marijuana producer CannTrust Holdings to reorganize under Canada's Companies' Creditors Arrangement Act (CCAA), the Ontario-based business said.

News July 16

Cannabis MSO Harvest Health leaves Utah market, expands in Florida

Harvest Health & Recreation, one of the largest cannabis multistate operators in the U.S., is no longer in the Utah market after selling its cultivation and processing operations in Ogden.

News July 16

Marijuana firm MedMen installs Tom Lynch as CEO on permanent basis

Los Angeles-based MedMen Enterprises announced it has permanently appointed to Chief Executive Officer Tom Lynch, who has served as interim CEO since March 2020.

News July 16

Delta-8 THC ban, raids in Kentucky spur hemp group lawsuit

The Kentucky Hemp Association claims that state police are illegally raiding legal hemp retail stores as they look for delta-8 THC products and is asking a state judge to put…

News July 16

A chart showing the projected retail sales in newly legal markets created by state legislatures.

Marijuana industry scores $5 billion worth of legalization wins in 2021 via state legislators

2021 is shaping up to be a record year for legislative-driven recreational marijuana legalization - and cannabis industry executives and advocates have lawmakers and governors in four states to thank…

News July 16