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Denver issues ticket, warning letters to unlicensed Cannabis hospitality businesses

Denver issues ticket, warning letters to unlicensed Cannabis hospitality businesses

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Cannabis NewsAugust 2, 2023

On Saturday, the city investigated multiple locations after receiving complaints of illegal activity. Eight businesses have recently received warnings for hosting marijuana-related activities in Denver without the required license, with a separate ticket issued to Tetra Lounge. On Saturday, the city

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Cannabis delivery firm Eaze and its billionaire investor accused of fraud

Cannabis delivery firm Eaze and its billionaire investor accused of fraud

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Cannabis NewsAugust 2, 2023

Lawsuit accuses Eaze of fraud in 2021 Green Dragon acquisition. A new lawsuit filed against Eaze, the once high-flying firm that pioneered on-demand cannabis delivery nearly a decade ago, accuses the company of committing fraud when it began talks to acquire a Colorado-based marijuana firm, Green

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Detroit now accepting 2nd round of Recreational Marijuana business licenses

Detroit now accepting 2nd round of Recreational Marijuana business licenses

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Cannabis NewsAugust 1, 2023

Fifty marijuana business licenses are up for grabs in Detroit. The second round of applications for recreational marijuana businesses opened Tuesday. Available are 30 licenses for marijuana retailers, 10 licenses for micro businesses, and 10 licenses for consumption lounges. Last December, the city

Marijuana Business News

Recreational Cannabis is now legal in Minnesota. Here’s what we know

Recreational Cannabis is now legal in Minnesota. Here’s what we know

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Cannabis NewsAugust 1, 2023

Cannabis is now legal for adults 21 and older to use and possess in Minnesota, making it the 23rd state in the country to legalize cannabis for recreational use. The first dispensary selling marijuana for recreational use is now open and selling to people on the Red Lake Nation in north-central

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NY shuts down alleged unlicensed Cannabis shops

NY shuts down alleged unlicensed Cannabis shops

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Cannabis NewsAugust 1, 2023

New York officials have shut down what they call seven unlicensed cannabis dispensaries in the western part of the state. New York officials shut down what they called seven unlicensed cannabis dispensaries in the western part of the state Monday, alleging the owner ignored repeated notices to stop

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$2 Billion Cannabis merger goes up in smoke

$2 Billion Cannabis merger goes up in smoke

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Cannabis NewsAugust 1, 2023

Cannabis companies Cresco, Columbia Care call off $2 billion merger as industry awaits banking reform. A $2 billion mega-deal between cannabis multistate operators Cresco Labs and Columbia Care has gone up in smoke more than a year after the companies announced the acquisition, the companies said

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Hemp shop shutters Richmond-based retail and grow operations to move out of state

Hemp shop shutters Richmond-based retail and grow operations to move out of state

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Cannabis NewsJuly 31, 2023

Another local CBD shop has closed its doors in search of greener, less heavily regulated pastures outside Virginia. Old Manchester Hemp Co. shuttered its retail storefront and hemp-growing facility at 1308 Hull St. on June 30, the day before new CBD laws took effect in Virginia. Owner Anthony

Marijuana Business News

Just because Marijuana is legal doesn't mean it's welcome

Just because Marijuana is legal doesn't mean it's welcome

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Cannabis NewsJuly 31, 2023

We the people, residents of Menominee, Michigan have the LEGAL right to live peacefully and safely in the city free of the invasion, infestation of the onslaught of marijuana drug dealers. Just because it was made legal in the state of Michigan is by no means acceptable to welcome it and all the

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Minnesota Republicans call for special session to address Cannabis legalization

Minnesota Republicans call for special session to address Cannabis legalization

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Cannabis NewsJuly 31, 2023

Minnesota Republicans requested a special session to address their concerns about the recreational cannabis legislation just days before it's set to be legalized for adult use on Aug 1. Twenty Republican lawmakers sent a letter to Gov. Tim Walz, House Speaker Melissa Hortman and Senate Majority

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Illinois: one of most expensive and least diverse Cannabis markets in US

Illinois: one of most expensive and least diverse Cannabis markets in US

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Cannabis NewsJuly 31, 2023

As one of the largest cannabis markets in the US, Illinois still offers many opportunities for entrepreneurs. The Illinois marijuana market is one of the most expensive in the nation and among the smallest as far as the number of brands – but it also offers plenty of opportunity for entrepreneurs

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Connecticut's first cannabis grower Theraplant sold

Connecticut's first cannabis grower Theraplant sold

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Cannabis NewsJuly 31, 2023

One of the state’s four active cannabis producers has new ownership following foreclosure proceedings, according to a filing with the Securities and Exchange Commission. The new owners of Theraplant is a company called NewCo, which is a subsidiary of East Hampton N.Y.-based DXR Holdco, according to

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New York City ranks as Top Cannabis-Consuming city in the World

New York City ranks as Top Cannabis-Consuming city in the World

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Cannabis NewsJuly 31, 2023

While the Empire State has yet to fully get its adult-use cannabis program off the ground, that isn’t stopping residents from getting their smoke on. And research proves it! According to a new study, New York City consumes more cannabis out of any city in the world, at 62.3 metric tons

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New law paves way for Black farmers’ Marijuana licenses

New law paves way for Black farmers’ Marijuana licenses

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Cannabis NewsJuly 27, 2023

Two Black farmers have received licenses to grow, process and sell medical marijuana, after a new state law helped clear the way for the long-awaited licenses. The Florida Department of Health issued the licenses July 11 to Suwannee County farmer Terry Donnell Gwinn and Bascom based Shedrick McGriff

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CBD liquid products often short on CBD

CBD liquid products often short on CBD

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Cannabis NewsJuly 27, 2023

“Few products had measured CBD concentrations within 10 percent of advertised concentrations,” according to a new study out of Britain. Some CBD products may not be all they seem, according to newly published analysis. Researchers from the United Kingdom assessed a variety of CBD-based liquid

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Jim Belushi's Cannabis brand to make debut in New Mexico

Jim Belushi's Cannabis brand to make debut in New Mexico

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Cannabis NewsJuly 27, 2023

Jim Belushi, the Hollywood actor turned cannabis farmer, is moving into New Mexico through a partnership with dispensary chain Seven Clover. Belushi’s Farm, the actor’s Eagle Point, Oregon-based cannabis brand, was soft launched in Seven Clover stores June 28. A hard launch is scheduled for Aug. 14

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Tilray stock surges after Cannabis company improves bottom line

Tilray stock surges after Cannabis company improves bottom line

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Cannabis NewsJuly 27, 2023

Tilray Brands shares spiked Wednesday after the Canadian cannabis producer reported a narrower loss for its fiscal fourth quarter than a year ago and a solid revenue beat. The stock closed nearly 15% higher Wednesday. While a Canadian company, Tilray has been positioning itself to be a leader in the

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Mastercard blocks marijuana transactions

Mastercard blocks marijuana transactions

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Cannabis NewsJuly 27, 2023

Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States. Most banks in the country do not service cannabis companies as marijuana remains illegal at the

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BC oversight of Cannabis stores falling short

BC oversight of Cannabis stores falling short

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Cannabis NewsJuly 26, 2023

Audit finds regulation branch lacks staff and tools to ensure laws are followed. British Columbia government auditors found the provincial branch responsible for ensuring licensed cannabis retail stores follow the law is understaffed and lacks key tools to do the job. With layers of urban history

Marijuana Business News

Massachusetts Cannabis social equity fund at $0 year after launch

Massachusetts Cannabis social equity fund at $0 year after launch

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Cannabis NewsJuly 26, 2023

The fund was approved by lawmakers last year. A fund created by Massachusetts state lawmakers last year to subsidize equity-owned cannabis businesses there remains empty, according to a report. Boston Business Journal reports that a “bill passed by the Massachusetts legislature last August created a

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Missouri's Marijuana microbusiness applications open Thursday

Missouri's Marijuana microbusiness applications open Thursday

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Cannabis NewsJuly 26, 2023

The Department of Health and Senior Services will begin accepting marijuana microbusiness licenses on Thursday. The application window for the first round of microbusiness licenses is July 27 through Aug. 10. In October, the first 48 microbusiness licenses will be distributed — six in each of the

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