Uncategorized Archives - Page 2 of 5 - Cannabis Business Executive - Cannabis and Marijuana industry news

California Cannabis Credit Crunch

May 30, 2023
Hilary Bricken
California, News & Insights, Uncategorized
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By Hilary Bricken, Principal, Harris Bricken The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state…

Marijuana harms development in first trimester of pregnancy, study finds

If you are pregnant and use any form of cannabis product, consider stopping. That’s the takeaway from a new study that found a significant health impact of marijuana use on fetal development as early as the beginning of pregnancy. “That’s…

Verano COO Darren Weiss Talks About How the Company is Navigating a Tight Capital Market

May 11, 2023
Brian MacIver
Company Stories, Multiple State Operators, Uncategorized
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In its Q1 2023 earnings report announced on May 10, multi-state operator Verano Holdings presented an image of a company that has been navigating difficult market conditions with intention. As it tightened its belt on selling, general, and administrative (SG&A)…

Secretary of State Shemia Fagan Is Working as Private Consultant to Troubled Cannabis Couple

Fagan took on the work even as her auditors were examining the OLCC’s handling of the cannabis industry. In a remarkable turn of events, Oregon Secretary of State Shemia Fagan confirms in response to questions from WW that she entered…

Beshear signs bill raising legal age to buy marijuana alternative in Kentucky

Kentucky Gov. Andy Beshear signed a bill into law Thursday to make it illegal for people under age 21 to buy products containing delta-8 THC, a marijuana alternative. The bill, which passed unanimously through the legislature this month, also bars…

Buying a Cultivation Site? Don’t Get Burned on a Fire Sale

February 15, 2023
Ryan Douglas
Cultivation, News & Insights, Uncategorized
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Industry experts anticipate that 2023 will be a year marked by extensive mergers and acquisitions. Cannabis companies that need to sell their cultivation assets could pose an excellent buying opportunity for competitors looking to expand their cultivation capacity for pennies…

Four Chinese nationals ‘executed’ at pot farm in Oklahoma, authorities say

Oklahoma authorities are searching for a man they say killed four Chinese nationals and injured another in a shooting at a marijuana farm in Kingfisher County, northwest of Oklahoma City. The man entered a building at the farm just after…

Beshear signs executive order to legalize medical marijuana in Kentucky

LOUISVILLE, Ky. (WDRB) -- Kentuckians will soon be able to possess and use 8 or fewer ounces of medical marijuana if it's legally purchased in another state, Gov. Andy Beshear announced Tuesday. Beshear said he signed an executive order that…

CBD Hits a Home Run

October 26, 2022
Mike Luce
Hemp Industry News, Marketing, Multiple State Brands, Uncategorized
1 Comment

As most noted, CBD brand Charlotte's Web recently signed an exclusive multi-year partnership with Major League Baseball. The co-branded Charlotte's Web SPORT - Daily Edge tincture now features the MLB logo on the bottle and an "Official CBD of MLB"…

How Old Fashioned Tactics Can Stomp Out Illegal Pot Shops In NYC

NYC has one of the world's most sophisticated underground cannabis supply chain networks making it nearly impossible to eradicate their activity. This puts legal entrepreneurs at a competitive disadvantage in market share and price wars because of the higher taxes,…

Stalled bill to allow banking services for legal weed businesses could get new life as talks heat up

Negotiations on legislation to let legal cannabis businesses get bank loans, accept credit cards and open checking accounts are focusing on what restorative justice measures can be added without the jeopardizing the 60 Senate votes needed needed to enact the…

Legalizing marijuana is a hot issue in the race for Texas agriculture commissioner

The Republican incumbent wants to expand medical marijuana while his opponent thinks weed should also be legal for recreational use. HOUSTON — One of the hottest issues in the race for Texas agriculture commissioner is access to marijuana. One candidate wants to…

Study: Kids who vape tobacco are more likely to go on to use cannabis

Vaping is growing more prevalent among young people — in 2021, 1 in 9 high school students said they had vaped in the past month, according to the Centers for Disease Control and Prevention. Increasingly, those kids are vaping cannabis.…

Canopy shares plunge as pot producer posts another loss

Canopy Growth Corp (WEED.TO), posted another core loss on Thursday, denting investor hopes that the cannabis producer would turn profitable anytime soon, sending its U.S.-listed shares down 10%. The company's quarterly gross margin was impacted by a decline in production,…

Is marijuana legal in Delaware? What you need to know about the state’s efforts

This year, Delaware advocates and lawmakers came the closest they ever have to legalizing recreational marijuana in the state. But Gov. John Carney’s refusal to support recreational marijuana ultimately crushed the dream of legalization, landing the bill amongst the countless…