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New Alaska Gov. Dunleavy hopes to scrap state’s Marijuana Control Board

Alaska Gov. Mike Dunleavy aims to repeal the state’s Marijuana Control Board, raising alarm bells among cannabis industry officials and investors who fear the move would put licensing and enforcement decisions in the hands of one person and limit the industry’s input into rulemaking. Dunleavy’s plan was outlined in a letter to commerce department employees by […]

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Cannabis firms offer stock options, poach job candidates: Q&A with recruiter Karson Humiston

When Karson Humiston founded the Denver-based cannabis recruitment agency Vangst in 2015, she’d call prospective candidates herself. Today, Vangst has about 75 employees and offices in Los Angeles, Oakland, Seattle and Boston. And the company is getting flooded with about 500 resumes a day, far too many for Humiston, the CEO, to handle. Underscoring the […]

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Chart: Most California municipalities ban commercial cannabis activity

Two-thirds of California municipalities prohibit marijuana businesses from setting up shop, underscoring the hurdles MJ entrepreneurs face in trying to break into the world’s largest legal cannabis market. Only 161 of California’s 482 municipalities and 24 of the 58 counties have opted to allow commercial cannabis activity of any sort, according to data from CannaRegs, […]

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After string of successes, multistate cannabis firm MedMen forced to confront adversity

In November, California-based cannabis retailer MedMen began advertising for a crisis management planning manager. According to the job posting, the position was intended to support the company’s “employees and business units in building, sustaining and improving MedMen’s capability to prepare for, mitigate against, respond to and recover from all hazards.” In hindsight, the posting seemed […]

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Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured

Major issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote.

That will change Wednesday, when a subcommittee of the now-Democratic-controlled House Financial Services Committee hears testimony on the difficulty legal cannabis businesses have opening and maintaining bank accounts.

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How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson

Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth. Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold […]

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