Category: Cannabis
The Senate holds first hearing on Thursday, on a bipartisan bill that would allow the cannabis industry to access traditional banking services, which marijuana businesses see as critical to their survival. The meeting, titled Examining Cannabis Banking Challenges of Small Businesses and Workers, will hear testimony from lawmakers on both sides of the aisle, including […]
Chinese investment in illegal weed is growing. A few days before Christmas, a joint law enforcement task force found nearly 9,000 pounds of cannabis worth almost $15 million during a raid in a suburban neighborhood in Antioch, Calif. The California Department of Cannabis Control believes that the four houses searched in the bedroom community 45 […]
Legalized recreational marijuana in Illinois and Missouri use remains relatively new, but recent data suggest both states could grow accustomed to the newfound revenue stream. Adult-use cannabis sales are growing stronger by the month in the Land of Lincoln, while its southwestern neighbor is already observing a healthy market for marijuana products following just one […]
Mike Davis, Asbury Park Press Mon, March 6, 2023 at 2:10 AM PST What states have legal weed? Will Congress OK it? It seems like just yesterday that New Jersey was caught in a years-long soap opera of “will they” or “won’t they.” Fast forward a couple of years, and New Jersey’s cannabis industry is […]
Greta Cross, Springfield News-Leader The Flora Farms cultivation facilities in Humansville shipped more than 1,000 pounds of marijuana Wednesday, the largest shipment day in the facilities’ three-year history. Flora Farms President Mark Hendren said the roughly 1,200 pounds of product included marijuana flower, “popcorn” or small pieces of bud, and “trim” which are pieces saved […]
Washington PostHannah Sampson In their latest effort to rein in carousing visitors, Amsterdam officials announced plans this week to tamp down disruptive behavior in the city’s Red Light District, including barring pot-smoking on the streets, reducing hours for restaurants and brothels, and tightening some alcohol restrictions. The rules are meant to ease the impact of […]
Canadian cannabis producer Canopy Growth said Thursday it is closing its flagship cultivation facility in Smiths Falls, Ontario, and cutting more than a third of its workforce as part of a shift to an “asset-light model” in Canada. Canopy disclosed the new strategy as it reported a net loss of 267 million Canadian dollars ($200 million) for […]
As mainstream businesses cope with surging inflation and the threat of a recession, many adult-use marijuana companies – growers, retailers and ancillary businesses alike – are struggling with their own host of problems. Falling prices and a product glut in more established state marijuana markets are forcing companies out of business, triggering layoffs and setting […]
It’s a brutal time for marijuana startups. I’m hearing some are raising at one-fifth of their 2019 valuation amid rampant competition, tall taxes and slow legalization. The struggles for marijuana’s best-known startup, delivery service Eaze, continue as today it’s losing one of its top partners: $75 million-funded weed brand empire Calivahas dropped Eaze in favor of launching its […]
AS TOLD TO SOPHIE SAINT THOMAS We all know cannabis and sex go together but how do real people use it in the bedroom? Meet Brandon and Maggie. The couple met in 2017 at the Emerald Cup and have been together since. Brandon’s an intellectual property attorney who specializes in cannabis and Maggie is reiki […]
LeaflyAre cannabis drone deliveries the future or merely fantasy? There’s been a spate of recent speculation about the role drones might play in future cannabis deliveries. The issue resides precariously at the intersection of modern technology, ever-evolving and ever-confusing legislation, and a cannabis industry booming in all directions. Plus, there’s no denying the fact that […]
Danny NelsonCoindeskVermont regulators will track hemp production on the ethereum mainnet in partnership with cannabis supply chain blockchain startup Trace. The five-year deal, announced Monday by Vermont’s Agency of Agriculture, Food and Markets (VAAFM), is a production-ready solution for every level of the hemp trade, said Trace CEO Josh Decatur. Beginning in March, farmers and processors will […]