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Florida Supreme Court approves ballot measure to legalize Recreational Marijuana
Business & Finance
Florida Supreme Court approves ballot measure to legalize Recreational Marijuana Image Cannabis NewsApril 2, 2024 If the provision gets 60 percent in November, it will legalize recreational marijuana in the country’s third-most populous state. The Florida Supreme Court will not block a ballot initiative that seeks to legalize recreational marijuana
Missouri-based Greenlight is Growing
Business & Finance
Missouri-based Greenlight is Growing Image Cannabis NewsApril 2, 2024 Greenlight's Expansion and Market Strategies in the Cannabis Industry. When Cannabis Business Executive profiled Greenlight in September of 2022, the MSO was flying under the radar in three states – Missouri, Arkansas, and West Virginia – with two more – Illinois and South Dakota
Most Americans Favor Legalizing Marijuana for Medical and Recreational Use
Business & Finance
Most Americans Favor Legalizing Marijuana for Medical and Recreational Use Image Cannabis NewsApril 1, 2024 Legalizing recreational marijuana viewed as good for local economies; mixed views of impact on drug use, community safety. As more states pass laws legalizing marijuana for recreational use, Americans continue to favor legalization of both me
Cannabis Dispensary worker ineligible for Chapter 13 relief
Business & Finance
Cannabis Dispensary worker ineligible for Chapter 13 relief Image Cannabis NewsApril 1, 2024 US Bankruptcy Appellate Panel Rules on Cannabis Industry Employee's Chapter 13 Bankruptcy Petition. The U.S. Bankruptcy Appellate Panel has found that an employee of a state-licensed cannabis business could not avail himself of Chapter 13 protection. The de
Nova Cannabis reports first year of net earnings, driven by data licensing program
Business & Finance
Nova Cannabis reports first year of net earnings, driven by data licensing program Image Cannabis NewsMarch 28, 2024 Cannabis retailer Nova Cannabis Inc reported its first year of net revenue in 2023, as part of its recently-released annual report. The company saw some of its largest increases in revenue from the growth of its “data licensing progr
Cannabis Cultivator Fees Waived in New York Until 2026
Business & Finance
Cannabis Cultivator Fees Waived in New York Until 2026 Image Cannabis NewsMarch 27, 2024 Three years after adult-use cannabis was signed in New York, the Cannabis Control Board is addressing the needs of struggling farmers. The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two ye
Aurora Cannabis: Recent Performance Improvements Are Undeniable
Business & Finance
Aurora Cannabis: Recent Performance Improvements Are Undeniable Image Cannabis NewsMarch 27, 2024 Aurora Cannabis Faces Uphill Battle Despite Strategic Moves Towards Recovery. Aurora Cannabis shares have plummeted by over 95% in the past three years due to low demand and operational inefficiencies. The company's sales performance has declined, and
Cops forced to return $800,000 in Pot after controversial raid
Business & Finance
Cops forced to return $800,000 in Pot after controversial raid Image Cannabis NewsMarch 27, 2024 California Police Forced to Return Seized Cannabis in Legal Battle with Distributor. American police have been seizing cannabis for decades, but the tables were turned last week, when law enforcement in a California city was forced to return hundreds of
From Glitzy Pioneer to Teetering Giant: The Rise and Fall of MedMen in California's Cannabis Market
Business & Finance
From Glitzy Pioneer to Teetering Giant: The Rise and Fall of MedMen in California's Cannabis Market Image Cannabis NewsMarch 26, 2024 MedMen: The Highs and Lows of a Cannabis Industry Pioneer. In the summer of 2018, MedMen opened a boutique cannabis dispensary on Abbot Kinney Boulevard in Venice — “the coolest block in America,” as the company hype
Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%
Business & Finance
Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100% Image Cannabis NewsMarch 26, 2024 Nebraska legislators will soon debate one of the largest tax increases in its history. A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This inclu
Backlash to D.C. Marijuana shops moves into the Palisades
Business & Finance
Backlash to D.C. Marijuana shops moves into the Palisades Image Cannabis NewsMarch 26, 2024 DC's new medical marijuana rules are being tested with the proliferation of new shops, including one in the Palisades neighborhood. Why it matters: The shop, which wants to create a "higher-end safe retail space" for medical marijuana, is the latest proposed
New Cannabis 'Gifting' Shops in the Neighborhood Spark Regulatory Discussions
Business & Finance
New Cannabis 'Gifting' Shops in the Neighborhood Spark Regulatory Discussions Image Cannabis NewsMarch 25, 2024 At least one cannabis gifting shop is opening in the neighbourhood. Canna Art, which placed its sign above the door at 5008 Connecticut Avenue last November, had an artist adorn the walls inside. And on March 12th, a sign posted at the fo
Hermiston council to consider Cannabis licenses
Business & Finance
Hermiston council to consider Cannabis licenses Image Cannabis NewsMarch 25, 2024 Hermiston City Council Considers Marijuana Measure and Commercial Naming Rights. The Hermiston City Council will consider placing a measure on the November ballot that would allow marijuana businesses to operate in the city. The move, which will be decided by the vote
Cannabis stocks get buzzed on Germany’s easing of laws
Business & Finance
Cannabis stocks get buzzed on Germany’s easing of laws Image Cannabis NewsMarch 25, 2024 Germany's Cannabis Legalization Spurs Stock Surges and Industry Expansion Plans. Last week, Germany’s upper house, the Bundesrat (made up of federal state delegates), passed legislation to legalize cannabis starting April 1, 2024, but with limitations. The move
Oregon State receives grant to work with 13 Tribes on Hemp economic development
Business & Finance
Oregon State receives grant to work with 13 Tribes on Hemp economic development Image Cannabis NewsMarch 25, 2024 Oregon State University's Hemp Innovation Center Secures $10M Grant to Boost Native American Economic Development. Oregon State University’s Global Hemp Innovation Center has received a $10 million grant to work with 13 Native American
Colorado’s cooling Marijuana industry leaves many smaller industrial buildings vacant
Business & Finance
Colorado’s cooling Marijuana industry leaves many smaller industrial buildings vacant Image Cannabis NewsMarch 25, 2024 In late 2022, real estate broker Jake Malman listed a former marijuana grow facility at 890 Navajo St, in Denver for $9 million. It would sell for $4.1 million a year later. “The market dictates pricing ultimately, and they beat i

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