Navigating the Green Line: How to Balance Selling and Profitability in Cannabis Retail Effective retail management should be guided by sales quantity as well as sales quality, which puts a lens on profit margins and customer care and loyalty.

DCC’s ‘Inadequate Oversight’ of $100M Undermined California Licensing Program for Cannabis Growers California State Auditor Grant Parks determined the Department of Cannabis Control ‘weakened’ the Local Jurisdiction Assistance Grant Program.

High Tide to Open Canna Cabana Store in Lucan, Ontario This opening marks the company’s 183rd Canna Cabana branded retail cannabis location in Canada and the 69th location in Ontario.

Raid finds an illegal weed grow in home owned by Oakland police officer When officers of the state Department of Cannabis Control swooped in on a neighborhood in the Bay Area city of Antioch this spring, they found what they were looking for… The post Raid finds an illegal weed grow in home owned by Oakland police officer appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Whitney Economics Reduces 2030 Hemp Fiber and Grain Acreage Forecast by 4.5 Million Acres The industry research firm cites regulatory risks, lack of infrastructure and federal uncertainty as the main drivers for the revised forecast.

Apothecarium Dispensary Workers File to Unionize in Maryland The cannabis retail employees in Salisbury are forming a union with UFCW Local 27 for better pay, job security and workplace safety.

Missouri Hemp Trade Association Suing State Over Governor’s Intoxicating Product Ban The association is seeking an injunction to stop the Department of Health and Senior Services from embargoing products with intoxicating hemp-derived cannabinoids.

Filing asks court to move medical cannabis process forward The filing asks a Montgomery court to determine if the licensing process violated state law, and if so, to create a compliant process. In a filing late last week, attorneys… The post Filing asks court to move medical cannabis process forward appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Metrc CEO Michael Johnson Talks Retail ID and Securing the Cannabis Supply Chain Earlier this month, Lakeland, FL.-based Metrc announced the launch of Metrc Retail ID, “a new solution designed to enhance supply chain transparency, bolster compliance, simplify brand processes, and reduce labor… The post Metrc CEO Michael Johnson Talks Retail ID and Securing the Cannabis Supply Chain appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

The State of Rescheduling: Where Does It Stand? The public commentary period on cannabis rescheduling has ended, marking a key turning point in the ongoing debate over cannabis regulation. On July 22, the commentary period officially closed, with… The post The State of Rescheduling: Where Does It Stand? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Why Cannabis Testing and Labeling Standardization Is Long Overdue By Steven Schain Imagine if beer’s testing and labeling requirements differed in every state in which the beverage is sold. While legal in 38 states, each cannabis jurisdiction has its… The post Why Cannabis Testing and Labeling Standardization Is Long Overdue appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Custom Cones USA Report Reveals Pre-Roll Industry Generated $4.1 Billion in Sales Over 18 Month The company partnered with industry intelligence provider Headset to provide insights into the current state of the pre-roll market.

Trump Predicts Florida Voters Will Legalize Cannabis, Urges Legislature to Prohibit Public Use The former president is at odds with Florida Gov. Ron DeSantis over adult-use legalization, but both have concerns about the smell.

FundCanna Introduces ReadyPaid: Game-Changing, Flexible Payment Solution for the Cannabis Industry ReadyPaid addresses the industry's most pressing issue of cash flow management.

Nebraska Medical Cannabis Legalization Initiatives Qualify for Ballot Secretary of State Bob Evnen announced Nebraskans for Medical Marijuana’s statutory measures have met the necessary signature thresholds.

California’s legal weed system is broken, while Michigan’s is thriving. What gives? In this small town in the rural palm of Michigan’s mitt-shaped peninsula, a 250,000-square-foot warehouse produces 300,000 cannabis vape cartridges per month. Wide doors lead off long hallways into brightly… The post California’s legal weed system is broken, while Michigan’s is thriving. What gives? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Hydrofarm Names Ushio Preferred Brand to Expand Partnership The collaboration signals a new era of innovative lighting solutions for growers across the nation.

California Recalls 2 More West Coast Cure Cannabis Products Contaminated With Deadly Pesticide The state’s Department of Cannabis Control took vape cartridge and live resin diamond batches off the market, citing the presence of chlorfenapyr.

Missouri to Start Enforcement of Intoxicating Cannabinoids Sept. 1, Despite Executive Feud The state’s Department of Health and Senior Services will take steps to embargo and condemn unregulated products under an executive order that’s received pushback from the secretary of state

New York Nukes $63 Million of Seized Cannabis Products From 1,000 Shutdown Smoke Shops City officials incinerated more than 4 tons of unregulated cannabis products seized from their ‘Operation Padlock to Protect.’

SNDL Selected as the Successful Bidder to Acquire Indiva The transaction is expected to enhance SNDL's product offerings and further solidify the company’s position in the Canadian cannabis market.

Ohio Cannabis, Federal Rescheduling, GTI’s Former Partnership With Bobby George Lead CBT’s Top Stories in August From Ohio’s sales launch to a rescheduling hearing and to a man facing nine felony charges, don’t miss out on the most-read articles this month.

Ohio Cannabis Dispensaries Report $56.5 Million in First 19 Days The Buckeye State’s retailers have sold nearly $33 million in adult-use cannabis and $23.5 million in medical cannabis since the market expanded.

Allen Police Department, DEA Raid 9 Texas Vape Shops, Destroy Hemp Products Local authorities accused the shops of selling noncompliant products, sometimes to minors. An attorney said the police and DEA ‘overstepped their authority.’

1st Sovereignty Summit to Bring Together Tribal Nations for Cannabis Education The summit will explore legal and regulatory frameworks for tribal cannabis ventures and more to help establish a ‘structured and sustainable’ sovereign cannabis market.

DEA Delays Marijuana Rescheduling Decision Until After The Election The Drug Enforcement Administration has scheduled a hearing on the Biden administration’s proposal to reclassify marijuana under federal drug laws, effectively delaying the decision until after the November election. The… The post DEA Delays Marijuana Rescheduling Decision Until After The Election appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

How independently run cannabis producers can get their products front and center into new retail stores By Nicolas Guarino The landscape for licensed adult-use cannabis markets across the United States is constantly shifting, with rocky highs and lows as markets navigate and overcome a range of… The post How independently run cannabis producers can get their products front and center into new retail stores appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Is Selling to An ESOP Beneficial For All Types of Cannabis Businesses or Just Some? By: Darren Gleeman, Managing Partner of MBO Ventures An Employee Stock Ownership Plan (ESOP) is ultimately a way for business owners to sell their company. Typically, there are three options… The post Is Selling to An ESOP Beneficial For All Types of Cannabis Businesses or Just Some? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

How Cannabis Brands Can Increase Customer Lifetime Value In the highly competitive cannabis industry, retaining customers is far more cost-effective than acquiring new ones. Yet, many cannabis brands focus heavily on customer acquisition, often at the expense of… The post How Cannabis Brands Can Increase Customer Lifetime Value appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Engaging in Activities that Violate Federal Law? DOJ Scrutiny of PPP Loan Recipients Turns to Ancillary Companies Supporting the Cannabis Industry By: Bryna Dahlin, Mark J. Silberman, Ryan J. Levitt, Meghan Golden, Benesch Friedlander Coplan & Aronoff LLP Since its inception, the cannabis industry has always existed alongside significant regulatory and compliance challenges. These largely stem from the fact that… The post Engaging in Activities that Violate Federal Law? DOJ Scrutiny of PPP Loan Recipients Turns to Ancillary Companies Supporting the Cannabis Industry appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Trulieve Partners With Professional Pickleball Association and Major League Pickleball Trulieve is the first cannabis operator to partner with either professional pickleball organization.

Ascend Wellness Holdings Removes CEO, Terminates CFO The cannabis company appointed board Director Samuel Brill to replace John Hartman as CEO. The company also appointed a new president and CFO.

Cannabis Rescheduling No Longer on Fast Track; Hearing Scheduled For December The DEA will not issue a final rule before the November election now that Administrator Anne Milgram granted an administrative law judge hearing.

Arkansans Buying More Medical Cannabis Ahead of Potential Program Expansion The state’s 37 dispensaries rang up nearly $23 million in July sales, as medical cannabis advocates scramble to collect extra signatures for a ballot measure.

Missouri Governor Urges State Secretary to Reconsider Emergency Rules to Ban Intoxicating Hemp Products Gov. Mike Parson directed the Division of Alcohol and Tobacco Control to resubmit emergency rules after Secretary of State Jay Ashcroft’s rejection.

Verdant Strategies: Pioneering Financial Excellence for the Cannabis Industry Verdant Strategies announces its official launch as a leader in specialized accounting, tax, and Fractional CFO services tailored exclusively for the cannabis industry.

Eyeing a crowded market, Vermont cannabis sellers wonder what’s next As the flow of money grows, officials are weighing how to guide the industry toward a sustainable, equitable future. The Vermont Legislative Joint Fiscal Office projected in 2022 that cannabis would… The post Eyeing a crowded market, Vermont cannabis sellers wonder what’s next appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

DeSantis in middle of Florida feud pitting marijuana against hemp Voters in Florida will soon decide whether to legalize recreational marijuana. DeSantis is against it and getting support from an unlikely ally: the hemp industry. Brandon Gomes’sdispensary sells tropical flavored… The post DeSantis in middle of Florida feud pitting marijuana against hemp appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Combating Cannabis Stigmas Through Legalization and Innovation By Niklas Kouparanis, Bloomwell Group CEO and Co-Founder Germany’s cannabis industry is soaring to new heights under the passage of the landmark German Medical Cannabis Act (CanG). As of April… The post Combating Cannabis Stigmas Through Legalization and Innovation appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

New York cannabis growers have 1 year to submit sustainability plan The state Office of Cannabis Management will start to monitor how efficiently New York farmers grow cannabis in the coming months to ensure indoor and outdoor grows align with the… The post New York cannabis growers have 1 year to submit sustainability plan appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

About That ‘Cannabis Causes Head and Neck Cancer’ Study The news that a just-released study has revealed a connection between daily cannabis use and head and neck cancers was so irresistible that pretty much every media outlet whether cannabis-related… The post About That ‘Cannabis Causes Head and Neck Cancer’ Study appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Trulieve Opening Medical Cannabis Dispensary in Orlando The new retail location in Orange County marks the company’s 144th cannabis store in Florida.

AYR Wellness Expands Cannabis Retail Footprint in Florida With 2 New Dispensaries The company is opening dispensaries in Jacksonville and Palm Beach Gardens, expanding its footprint to 66 locations in the state.

The Cannabist Co. Enters $16.4 Million Definitive Agreements for Florida Assets The company is selling 14 dispensaries and two cultivation facilities to joint venture partners MINT Cannabis and Shango. A third cultivation facility is part of a separate agreement.

Green Label RX Opens Social Equity Dispensary in Canoga Park The new retail location in the San Fernando Valley region of Los Angeles will offer a curated selection of premium cannabis products.

C3 Industries Opens 2nd Dispensary in Illinois, 27th Nationwide The High Profile Martinsville retail facility will celebrate its grand opening with special discounts and unbeatable everyday prices on top-quality products.

Verano Closes Acquisition of Arizona, Virginia Subsidiaries of The Cannabist Co. The acquisitions expand Verano’s footprint to 14 states, 15 cultivation and products facilities, and 150 dispensaries nationwide.

Glass House to Appeal DCC Recall for Pre-Roll: ‘We’ve Gotten No Information’ The Department of Cannabis Control issued a mandatory recall for a batch of the company’s Garlic Starship pre-rolls due to the presence of Aspergillus.

Minnesota Could Be a Great Cannabis State By Vince Sliwoski, Managing Partner, Harris Sliwoski We have been following Minnesota’s progress on cannabis legalization for a while here at the law firm. It’s a state with huge potential,… The post Minnesota Could Be a Great Cannabis State appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Americans’ Views of Marijuana Effects Worsen However, U.S. adults view marijuana as less harmful to users than tobacco, nicotine and alcohol WASHINGTON, D.C. — Americans’ views of the effects of marijuana have worsened over the past… The post Americans’ Views of Marijuana Effects Worsen appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Who Has More Money: Florida’s Pro- or Anti-Cannabis Legalization Campaigns? In large thanks to Florida-based cannabis company Trulieve, the state’s Yes on 3 legalization campaign is out-financing its key opponents, 5 to 1.

176 Applications Filed for Kentucky’s Medical Cannabis License Lottery The application period runs through Aug. 31. The state plans to award 74 licenses through a lottery system.

Ohio Dispensaries Ring Up $38.4 Million in Cannabis Sales in First 12 Days The Buckeye State is now on pace for a $1.2 billion annual run rate for combined adult-use and medical cannabis sales.

TerrAscend Offers $10 Million Share Repurchase Program The company is authorized to repurchase up to 10 million shares but is not obligated to purchase any shares during the 12-month stock buyback program.

Legal NY weed sellers want 1,000-foot buffer zone to stay, poll shows: ‘Market is way too fragile’ An overwhelming number of legal-pot-shop owners and licensees oppose loosening the buffer zone that bars cannabis stores from being located within 1,000 feet of each other, according to an industry poll. The… The post Legal NY weed sellers want 1,000-foot buffer zone to stay, poll shows: ‘Market is way too fragile’ appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Out-of-state applicants swarm Minnesota’s early cannabis license window Those chosen among the 1,800 pre-applications will have a head start when Minnesota issues licenses, likely next year. More than half of the early social equity applicants vying to be… The post Out-of-state applicants swarm Minnesota’s early cannabis license window appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

2024 Q2 Earnings Reports Roundup The following is a partial listing of recently released 2024 Q2 earnings reports by cannabis-related publicly traded companies, sorted according to market cap at the time of posting. Highlights of… The post 2024 Q2 Earnings Reports Roundup appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Canopy Growth CEO to Retire at End of Company’s Fiscal Year The cannabis company initiated a comprehensive selection process to identify David Klein’s successor.

OSHA Playing Catch-Up With the Cannabis Industry Only recently has the organization begun researching and working to prevent workplace hazards, a process that was hindered by federal cannabis policy.

California Governor’s Proposal to Integrate Hemp Into Cannabis Supply Chain Comes to Halt The state’s Senate Appropriations Committee did not vote on legislation that included Gov. Gavin Newsom’s amendments before a legislative deadline.