Pennsylvania Lawmakers File Bipartisan Bill to Legalize Adult-Use Cannabis Reps. Aaron Kaufer and Emily Kinkead are sponsoring the legislation with 15 co-sponsors in the commonwealth.

11 States Projected to Be Billion-Dollar Cannabis Markets in 2024 Maryland will be the newest state to join the 10-figure club this year, while three other states are expected to come just shy of the sales mark.

Green Thumb Industries Announces $50 Million Share Repurchase Program The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.

Nixon Started the War on Drugs. Privately, He Said Pot Was ‘Not Particularly Dangerous.’ President Richard Nixon’s remarks were captured on his secret White House recording system but had eluded the notice of leading Nixon era historians until now. Two years after former President… The post Nixon Started the War on Drugs. Privately, He Said Pot Was ‘Not Particularly Dangerous.’ appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Nebraska AG Announces Felony Charge Related to Fraudulent Signature Investigation of Cannabis Petitions All of the suspected fraudulent signatures were traced back to one petition circulator in Hall County.

Former Nebraska Senator Files Lawsuit Challenging State’s Medical Cannabis Ballot Initiatives John Kuehn is attempting to prevent a pair of legalization petitions from appearing on the ballot, claiming signature fraud; Organizers dismiss the claim.

What Makes Cannabis Banking Programs Unique and Stand Out from Others By Paul Dunford Considering there is no other industry today where a business can be engaged in activities that are simultaneously prohibited under federal law but sanctioned by the state,… The post What Makes Cannabis Banking Programs Unique and Stand Out from Others appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Oregon Cannabis Roundup: Fall 2024 By Vince Sliwoski, Managing Partner Harris Sliwoski Now that Labor Day is in the rear view and people are paying attention again, it seems like a good time to drop… The post Oregon Cannabis Roundup: Fall 2024 appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

New Jersey Governor Murphy signs law that will pull Delta-8, THC seltzers from shelves In one fell swoop, the loophole that allowed intoxicating hemp products — from candy-shaped edibles and cannabis flower available at gas stations to the THC seltzers on liquor store shelves… The post New Jersey Governor Murphy signs law that will pull Delta-8, THC seltzers from shelves appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Verano Opens 2 More MÜV Dispensaries in Florida The new retail locations in Melbourne and Okeechobee expand the company’s footprint to 79 stores in the Sunshine State, 152 nationwide.

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

Planet 13 Enters Agreement to Acquire Las Vegas Dispensary The company will pay $6.9 million to acquire all the assets to operate a 3,1569-square-foot retail facility from Exhale.

Michigan Dispensaries Set Monthly Sales Record in August, Closing Gap on California The Wolverine State’s licensed cannabis facilities broke a single month record for revenue and flower pounds sold.

MMJ BioPharma Suing DEA Over Cannabis Reform, Medical Research The biopharmaceutical company filed a lawsuit, citing ‘unjustified’ delays in processing an application for medical research.

Ohio dispensaries sold millions of dollars of recreational marijuana in first month Recreational marijuana sales in Ohio surpassed $50 million in the month since adults could start buying cannabis, according to new state data. The Division of Cannabis Control said dispensaries sold nearly $54.6… The post Ohio dispensaries sold millions of dollars of recreational marijuana in first month appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

24 Adult-Use Dispensary Licenses Still Up for Grabs in Rhode Island via Lottery Regulators are finalizing rules for a licensing process nearly two years after existing medical cannabis operators expanded to recreational sales.

Green Thumb Opening 20th Rise Dispensary in Florida The new retail location in Jacksonville will open Sept. 13, making the company’s 98th store nationwide.

Conception Nurseries Publishes White Paper Detailing Methods for Using Tissue Culture to Prevent Diseases in Cannabis Cultivation The cultivation processes described in the report provide cost savings and yield increasing solutions to pervasive viruses and viroids.

Fighting Dirty Weed Through OCal Cannabis Certification The introduction of regulated medical and adult-use cannabis markets was supposed to guarantee that legal weed was clean weed, but somewhere along the line that message got reinterpreted as legal… The post Fighting Dirty Weed Through OCal Cannabis Certification appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Gavin Newsom Wants California To Have More Restrictive Drug Laws Than Florida Newsom’s “emergency” rules banning all THC in hemp products doesn’t square with his insistence that his state provides more freedom than Florida under Gov. Ron DeSantis. Last week, California Gov.… The post Gavin Newsom Wants California To Have More Restrictive Drug Laws Than Florida appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

#Countdown4Clemency Campaign Calls on Biden to Keep Promise, Free 3,000 People Incarcerated for Cannabis The Last Prisoner Project and cannabis advocates launched the campaign to urge Biden to use his clemency power before the end of his term.

Al Harrington Will Launch Village Dispensary in His Home State of New Jersey Village Brands, a multi-state cannabis operator founded by Viola Brands founders Al Harrington and Dan Pettigrew, is officially opening its first East Coast location in Hoboken, New Jersey.

Shannon O’Brien fired as state’s top cannabis regulator, ending year-long suspension and months of uncertainty State Treasurer Deborah Goldberg on Monday fired the state’s top cannabis regulator, formally removing Shannon O’Brien from her post a year after first suspending her and following months of upheaval at the agency. In a statement,… The post Shannon O’Brien fired as state’s top cannabis regulator, ending year-long suspension and months of uncertainty appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Trump Signals Supports for Federal Cannabis Rescheduling, Banking Reform The GOP presidential candidate said he will focus on unlocking the ‘medical uses of marijuana to a Schedule 3 drug’ if elected in November.

4th Circuit Court Rules THC-O Meets Legal Definition of Hemp, Deviating From DEA The federal court’s interpretation of the 2018 Farm Bill contradicts the Drug Enforcement Administration’s position that THC-O is illegal.

California Governor Issues Proposed Regulations to Halt Intoxicating Hemp Products Gov. Gavin Newsom’s rules would require that consumable products containing hemp derivatives have no amounts of intoxicating cannabinoids.

Loper Comes for the DEA. Will it Matter, Though? By Griffen Thorne, Attorney@ Harris Sliwoski, Earlier this week, the federal Fourth Circuit Court of Appeals, in a case entitled Anderson v. Diamondback Investment Group, LLC, handed the DEA a big loss… The post Loper Comes for the DEA. Will it Matter, Though? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

USC Athletics, Cookies Announce Trailblazing CBD Partnership for College Football, Basketball Sponsorship Cookies will be a CBD brand sponsor for three Trojans athletic teams for the 2024-2025 sports season.

Trulieve Set to Open Medical Cannabis Dispensary in Clearwater The new retail facility in Pinellas County will host a grand opening Sept. 13, marking the company’s 149 location in Florida.

Kentucky’s Medical Cannabis Program Attracts 5K License Applicants The state’s forthcoming lotteries will award just 74 licenses, including 16 to cultivators, 48 to dispensaries and 10 processors.

AYR Wellness Awarded Virginia’s HSA I Vertical Cannabis License The publicly traded multistate cannabis operator will have exclusive medical cannabis licensing rights to the state’s Health Service Area in Northern Virginia.

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.