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Los Angeles proposes ‘major course change’ for cannabis business licensing, social equity
In a series of recommendations to the Los Angeles City Council, L.A.’s Department of Cannabis Regulation proposed an immense overhaul of its marijuana business licensing structure and social equity program.…
News June 22
Marijuana MSO Jushi buys Vireo grow facility in Pennsylvania for $37 million
Florida-based Jushi Holdings, a multistate marijuana and hemp company, agreed to purchase Vireo Health International’s grower-processor operations in Pennsylvania for $37 million. To fund the purchase, Jushi secured $15.25 million in…
News June 22
High Times’ cannabis retail bid complicated by web of owners, social equity partners
The owner of pioneering High Times magazine is scrambling to close a marijuana retail acquisition in California that includes a tangle of owners and entities, several social equity partners and…
News June 22
The importance of culture, communication and flexibility when navigating challenging times in cannabis space
A blueprint for company success revolves around strong company culture, open communication with employees and customers and flexible business model.
News June 21
Week in Review: Acreage cannabis loan’s steep interest rate, Big Tobacco-MJ bankruptcy, Missouri cultivation & more
Cannabis multistate operator Acreage Holdings obtained a $15 million short-term loan with an eye-popping 60% yearly interest rate. The secured note, received from an unidentified institutional investor, matures in four…
News June 20
MedMen loses Virginia medical cannabis dispensary license
Virginia regulators voted to rescind the medical marijuana dispensary license held by embattled multistate cannabis company MedMen Enterprises in the town of Staunton, less than a month after the state's…
News June 19
A day too late: US appellate court tosses marijuana tax bill challenge
One day is critical when it comes to filing court appeals, especially if you don’t use an approved delivery service. That’s what two California marijuana companies learned when the U.S.…
News June 19
Canadian cannabis sales remain strong in April despite COVID-19 pandemic
Retail cannabis sales in Canada declined only slightly despite the COVID-19 pandemic, falling 0.6% from March’s record high to 180.1 million Canadian dollars ($132.7 million) in April. The new monthly…
News June 19
Montana group submits signatures for adult-use cannabis initiative
A group behind legalizing recreational marijuana in Montana said it is submitting for verification roughly 52,000 signatures – more than double the required amount – to qualify a November ballot…
News June 19
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