Environmental sustainability in cannabis cultivation operations sounds nice in marketing material, but in practice, marijuana and hemp growers need to turn a profit to keep their companies alive.
Vancouver, British Columbia-based BC Craft Supply Co. filed for temporary protection from creditors under Canada’s Bankruptcy and Insolvency Act while the craft marijuana firm pursues restructuring.
A third group has filed a ballot initiative seeking to legalize recreational marijuana in Arkansas.
The Massachusetts recreational marijuana industry started slowly but, despite some challenges, is poised to grow and prosper in the face of increasing competition from nearby states.
MedMen Enterprises alleges in a lawsuit that New York Gov. Kathy Hochul’s administration tried to force the marijuana multistate operator out of the state’s market.
One year after Arizona legalized recreational cannabis, licensed companies have sold $1.23 billion in adult-use and medical marijuana products.
New York has decided to do away with its list of qualifying conditions for its medical cannabis program, meaning that any patient can obtain an MMJ card and purchase marijuana as long as they have a physician willing to write a recommendation.