U.S. Marijuana Business News – Use to place on US homepage
Chewing gum heir and former Parallel CEO William “Beau” Wrigley Jr. is fighting to escape any liability over the Atlanta-based company’s failed acquisition of six Windy City Cannabis shops in Illinois.
U.S. Rep. Ed Perlmutter continues to push for marijuana banking reform, this time by filing the SAFE Banking Act as an amendment to the national defense budget bill for fiscal year 2023.
A marijuana retail chain in Massachusetts must repay $33,000 in tips that were illegally withheld from employees at two of its stores.
Gov. Gavin Newsom signed California’s 2022-23 state budget into law and, in doing so, enabled a significant shift in cannabis taxes that had long been sought by the industry.
A licensed marijuana testing laboratory’s certification in Colorado to test marijuana for potency has been suspended.
Improper storage of cannabis concentrates can lead to major losses for store owners who are already competing in a cutthroat marijuana market with razor-thin margins.
Properly storing concentrates is especially important when retailers are often forced to sell merchandise at cost or cheaper to keep moving products moving out before they expire.
Struggling cannabis technology company Akerna is seeking to raise $10 million in capital in part to meet its debt obligations and other expenses.
