San Francisco to pause taking new cannabis retail business applications
San Francisco authorities placed a moratorium on accepting new applications for cannabis retail business licenses after a unanimous vote by the city’s Board of Supervisors.
california
MA scratches pilot program for cannabis consumption spaces before launch
Massachusetts regulators scrapped a pilot program to establish cannabis cafes in 12 municipalities, likely ending the potential for consumption spaces to open in the state this year.
California cannabis companies hire credit group to monitor retailers over unpaid invoices
A group of California distributors and brands representing more than half the state’s wholesale B2B cannabis market has hired a credit association to rate retailers in the hopes of reducing the hundreds of thousands of dollars in unpaid invoices – and reining in repeat offenders.
Washington becomes 3rd state to create marijuana interstate commerce law
Washington Gov. Jay Inslee signed into law a bill that allows legal-market marijuana to be transported across state lines to other legal MJ markets.
180-plus marijuana workers unionize in Illinois and California
More than 100 employees at Illinois marijuana stores and 80 at a California cannabis delivery service are joining unions.
As marijuana break-ins skyrocket in California, business owners take action
Like most marijuana business owners he knows in California, Sebastian Maldonado’s vertically integrated cannabis company, Delta Boyz, has been burglarized repeatedly.
Maldonado, a Delta Boyz co-owner, estimates the company – which operates a store, distribution center and cultivation facility south of Sacramento, in Isleton – has suffered $1 million in stolen product over the past three years.
Mendocino growers ask California to address county’s cannabis licensing
A trade association representing cannabis growers in California’s Mendocino County has asked the state government for an “urgent intervention” in the county’s licensing process, citing concerns that many farmers’ license applications won’t be processed by a July 1, 2023, deadline.
Cannabis MSO MedMen warns about cash situation, ability to stay afloat
California-based cannabis multistate operator MedMen Enterprises is warning investors that it might not have enough money to “meet its obligations” for the next year and that there are questions about its ability to stay in business.
Marijuana MSO Columbia Care shutters stores, reduces head count
New York-based marijuana multistate operator Columbia Care is laying off 25% of its corporate head count as part of a larger effort to slash costs, reduce cash burn and improve performance.
Google relaxes some advertising restrictions for hemp, CBD products
Google Ads will no longer ban all hemp and CBD advertising in California, Colorado and Puerto Rico, but there continue to be limitations to marketers.
Alaska ranks highest, New Jersey lowest in adult-use marijuana taxes, report says
Alaska’s recreational marijuana taxes are the highest in the country, and New Jersey’s are the lowest.
That’s according to Richard Auxier and Nikhita Airi, the authors of the Urban-Brookings Tax Policy Center’s September report, “The Pros and Cons of Cannabis Taxes.”
Expect cannabis banking reform, market consolidation in 2023, MJBiz CEO says
Meaningful action in both marijuana banking reform and the federal scheduling of cannabis are both on the table in 2023, according to MJBiz CEO Chris Walsh.
