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CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of those is the California Department of Tax and Fee Administration…

Cannabis potency is falling in California

California’s cannabis has long been known for being notoriously strong, but test results from the state’s legal stores show that weed in the Golden State is getting weaker. Experts say there’s more to the story. Cannabis potency is usually measured by…

Cannabis M&A: Will California Allow License Transfers?

February 16, 2024
AggregatedNews
California
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By Griffen Thorne, Attorney at Harris Sliwoski Cannabis M&A (short for mergers and acquisitions) in California is much more complicated and problematic than in other states. The biggest reason for this is that licenses are not transferrable, which all but…

California Gives Up on the Illegal Cannabis Market: Another Update

By Griffen Thorne, Attorney at Harris Sliwoski, California publishes quarterly data concerning its “enforcement” efforts against the illegal cannabis market. Over the last couple of quarters, I’ve gotten in the habit of analyzing this data (see here for Q3 2023, and here for…

BDSA Augurs Cautious Optimism for 2024

As 2023 ends, the focus of the cannabis industry shifts to 2024 and the trends that will determine the health of individual markets, specific market sectors, and the overall industry, which could possibly see movement at the federal level in…

Stiiizy tries to silence explosive LA Times investigation

December 13, 2023
AggregatedNews
Black Market, California, News & Insights, Retail
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One of the largest cannabis retail chains in California threatened to sue the Los Angeles Times for defamation for publishing a story regarding alleged ties between the company and illegal cannabis sales. The story, published Tuesday, found that holding companies owned by Tony Huang,…

The biggest pot distributor in California has collapsed

This spring, rumors were swirling that HERBL, one of California’s largest cannabis distribution companies, was on the verge of collapse. So Mike Beaudry, the company’s CEO, sent out an email on May 18 declaring that “these rumors are categorically not true. HERBL continues…

Multistate Distro: Catching Up With Nabis

October 4, 2023
Tom Hymes
Company Stories, Distribution, News & Insights, Spotlight
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It is always edifying getting caught up with a distributor, especially a cannabis wholesaler whose bones were built in the hardscrabble California markets, where buzzards get fat on the unwary, the unlucky, and the lazy. To that end, Cannabis Business…

‘Unacceptable’: AG says California needs to lower cannabis taxes

California’s illegal cannabis industry is booming, with billions of dollars of weed produced at illegal farms and sold at illicit pot stores every year, despite voters legalizing cannabis more than six years ago. That’s left one high-ranking California official calling on the state…

Cannabis Receiverships Are Coming to California

By Griffen Thorne, Attorney at Harris Bricken California’s cannabis industry is a mess. Between the rampant illegal market, onerous taxation, unnecessarily complicated regulations, debt defaults, and a host of other factors, things have never been worse. Businesses big and small are imploding. Without federal bankruptcy protection,…

Fig Farms Expands Its Award-Winning Genetic Footprint

July 20, 2023
Tom Hymes
Company Stories, Cultivation, News & Insights, Spotlight
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California-based Fig Farms is a legacy cultivator and breeder that has successfully expanded its genetics and flower throughout the state and into other states. Defined by a fierce and unwavering dedication to genetic and product excellence established and maintained by…

California Gives Up on the Illegal Cannabis Market

California has the biggest legal cannabis market in the world – it’s a larger economy than some small nations. But while the Golden State’s regulated market is massive, it’s illegal market is far bigger. California has a big illegal cannabis market problem…

Catalyst CEO Elliot Lewis on Growth Through Confrontation and Suffering

July 4, 2023
Tom Hymes
Company Stories, News & Insights, Spotlight
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Elliot Lewis is the co-founder and CEO of Long-Beach, California-based retailer Catalyst Cannabis Company, and a prolific poster of social media videos in which he colorfully relates the many outrages allegedly perpetuated upon Catalyst by local and state politicians and…

TerrAscend Maintains Its Balance in an Uncertain Market

June 12, 2023
Tom Hymes
Company Stories, News & Insights, Spotlight
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TerrAscend (CSE: TER) (OTCQX: TRSSF) is a Canadian public company with operations in Canada and five U.S. states: California, New Jersey, Maryland, Pennsylvania, and Michigan, where it has its greatest concentration of retail outlets. A vertical integrated company in each…

Trulieve to Close Last California Store; Exit Massachusetts by End of 2023

Trulieve announced today that it is cutting losses in two mature markets where it has a minimal footprint relative to other states. The multistate operator said it is closing its last retail location in California, in Grover Beach, and in…