Catching Up With Kyle Kushman I had not spoken with Kyle Kushman in over 50 cannabis years, or about eight years in normal time, and then a week or so ago I was pitched a… The post Catching Up With Kyle Kushman appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Looking for a (legal) marijuana dispensary in NYC? What you need to know about NY’s weed market. As Mayor Eric Adams shuts down hundreds of unlicensed marijuana stores, displaced customers are increasingly turning to the growing number of legal dispensaries that are cropping up across New York City. But some cannabis… The post Looking for a (legal) marijuana dispensary in NYC? What you need to know about NY’s weed market. appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Daily marijuana use linked to increased risk of deadly head and neck cancers, study finds  Using marijuana daily for years may raise the overall risk of head and neck cancers by 3.5% to 5%, according to a new study that analyzed millions of medical records. “Our research shows… The post Daily marijuana use linked to increased risk of deadly head and neck cancers, study finds appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Curaleaf Opens 63rd Medical Dispensary in Florida The new Pensacola location in northwest Florida expands the company’s retail presence to 149 nationwide.

Village Farms International Reports Q2/24 Results

Utility company’s proposal to rat out hidden marijuana operations to police raises privacy concerns BANGOR, Maine (AP) — Operators of illegal marijuana grow enterprises hidden inside rural homes in Maine don’t have to worry much about prying neighbors. But their staggering electric bills may… The post Utility company’s proposal to rat out hidden marijuana operations to police raises privacy concerns appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

MariMed Reports Second Quarter 2024 Earnings The Massachusetts-based multistate operator announces financial and company highlights for Q2, including closing the acquisition of an adult-use dispensary in Upper Marlboro, Md., and of Thrive Dispensary in Casey, Ill., and receiving a provisional dual-license for its Tiffin, Ohio, dispensary.

Curaleaf Reports $342 Million in Q2 Revenue The global cannabis company now operates in 15 countries.

Rescheduling Update: How Long Is the Wait? What’s Next? Government affairs and policy expert David Mangone tells us what we can expect from the DEA as weeks pass following the public comment period, including insights on the DEA’s final review and if a hearing is likely to be granted.

The Cannabist Co. Reports Second Quarter 2024 Financial Results The company reported $125 million in revenue for the period.

Cresco Labs Determines IRS Section 280E Not Applicable to its Business The company reported an improvement of more than 800 basis points year-over-year in its adjusted EBITDA margin for the second quarter of 2024.

Curaleaf Appoints Executive Chairman Boris Jordan as CEO Outgoing CEO Matt Darin is set to retire. Jordan will remain on the board.

Jushi Holdings Inc. Reports Second Quarter 2024 Financial Results The Florida-based multistate operator shares Q2 financial and company highlights, including its appointment of former Cresco executive Todd West as COO, its debut of 308 new unique SKUs across the company’s five vertical markets, a net loss of $1.9 million, compared to $14.0 million in Q2 2023, and the refinancing of the company's first lien debt with SunStream Bancorp Inc.

Missouri Regulators Recall 2,649 Cannabis Products The state’s Division of Cannabis Regulation issued the recall in cooperation with a licensed cultivator due to testing noncompliance.

Verano Reports $222 Million in Revenue for Q2 The company’s second quarter 2024 financial performance featured the authorization of a share repurchase program.

Aurora Cannabis Announces Fiscal 2025 First Quarter Results and Delivers Positive Free Cash Flow The Canadian company notes positive free cash flow of $6.5 million, record net revenue of $47.2 million in global medical cannabis and an end to the fiscal quarter debt-free with a cash position of approximately $182 million.

AYR Wellness Reports Second Quarter 2024 Results The company addresses 'near-term setbacks,' while highlighting how it is positioned both 'for growth and margin expansion in the second half of 2024,' following adult-use rollout in Ohio, and to capitalize on anticipated adult-use markets in Florida, and Pennsylvania.

Key Regulatory Changes in Colorado’s Marijuana Industry – What Businesses Need to Know A law to streamline the state’s regulations for marijuana licensees will take effect Aug. 7.

An Inside Look at Germany’s Cannabis Supply Chain With The Grünhorn Group By Pam Chmiel On April 1, 2024, Germany implemented Pillar 1 of its adult-use market, expanding upon its well-established medical cannabis program, which has been in place since 2017. The… The post An Inside Look at Germany’s Cannabis Supply Chain With The Grünhorn Group appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Alien Labs Invades New Markets With Quality Cannabis Founded in 2014 on skills honed long before legalization, Redding, California-based Alien Labs has over the years built a rock-solid reputation for top-shelf flower that it is now exporting to… The post Alien Labs Invades New Markets With Quality Cannabis appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Growlink Secures Strategic Investment From Casa Verde to Accelerate Innovation, Growth The company closed a $2 million seed financing round led by Casa Verde.

Kamala Harris Picks Pro-Cannabis Minnesota Governor as Running Mate Gov. Tim Walz has a long track record of supporting cannabis reform, including during his 12 years as a U.S. House member.

Trulieve Reports $303 Million in Revenue in Q2 2024 Financial Results The company’s revenue exceeded quarterly guidance in the second quarter as it looks ahead to Ohio’s adult-use sales launch at three retail locations.

Effort to defeat marijuana ballot question gets $12M boost from Florida billionaire Ken Griffin, the Republican billionaire who donated more than $10 million to support Gov. Ron DeSantis’ gubernatorial races, said he has put forward $12 million to defeat Florida’s recreational marijuana… The post Effort to defeat marijuana ballot question gets $12M boost from Florida billionaire appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

98 Ohio marijuana dispensaries can begin recreational sales Tuesday. Nearly 100 Ohio dispensaries will get the green light Tuesday to start selling recreational marijuana. The Division of Cannabis Control announced Monday that it awarded 98 dual-use certificates of operation to… The post 98 Ohio marijuana dispensaries can begin recreational sales Tuesday. appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

A Guide to Leasing to California Cannabis Tenants By Griffen Thorne, Attorney at Harris Sliwoski Leasing commercial real estate to a cannabis business in California can be a great opportunity for the right lessor, but it comes with… The post A Guide to Leasing to California Cannabis Tenants appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

98 Ohio Dispensaries Approved to Launch Adult-Use Cannabis Sales These retail facilities will initially have daily transaction limits for adult-use customers. A list of the dispensaries is provided.

When Less Is More: The Harms of Overfertilizing Your Cannabis Plants Research shows that plants absorb excess nutrients even when they're not needed (called ‘luxury consumption’), which can even inhibit uptake of other nutrients. Learn how to meet plants’ needs while avoiding problems and saving money in the process.

Ohio Cannabis Dispensaries Will Start Adult-Use Sales Aug. 6 The Buckeye State will be the 21st in the nation to commence sales to those 21 and older, with tens of retail facilities receiving state approval.

Tokyo Scientists Uncover Enzyme That Could Lead to Anti-Bacterial Pesticides for Cannabis, Other Crops The enzyme plays a pivotal role in the biosynthesis of a compound used by pathogenic bacteria Xanthomonas to accelerate its ability to cause diseases.

Another Look at the Whitney Cannabis Business Conditions Survey The headline of the Whitney Economics press release announcing the results of its 2024 cannabis business conditions survey declared, “ONLY 27.3% OF U.S. CANNABIS OPERATORS ARE PROFITABLE,” a statistic that… The post Another Look at the Whitney Cannabis Business Conditions Survey appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

3 Steps to Unlock Value Through Automation in Cannabis Operations By Andrew Wells It’s no secret today that automation advances business operations, especially in cannabis. Today, there are automated machines that package cannabis products, roll joints, and even coat joints… The post 3 Steps to Unlock Value Through Automation in Cannabis Operations appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Republicans lodge last-ditch protest against marijuana rescheduling Republicans are making a last push against the finalization of the Biden administration’s move to reschedule marijuana, despite advocates saying the fight isn’t worth the effort. The White House in May began… The post Republicans lodge last-ditch protest against marijuana rescheduling appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Moving the Goalposts: State Regulation of Hemp-Derived Cannabinoids Intoxicating hemp-derived cannabinoids are proliferating on the open market, and state regulators’ responses are all over the map. Here’s a look at the constantly evolving landscape and what the future may hold.

Missouri bans sale of Delta-8 THC and other unregulated CBD intoxicants JEFFERSON CITY, Mo. (AP) — Missouri is banning the sale of drinks, candy and other foods made with hemp-derived intoxicating substances, Republican Gov. Mike Parson announced in an an executive… The post Missouri bans sale of Delta-8 THC and other unregulated CBD intoxicants appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Intoxicating Hemp Products: The Future Isn’t Bright By Griffen Thorne, Attorney at Harris Sliwoski Whether you support them or not, intoxicating hemp products are probably not going to be around for much longer in their current form.… The post Intoxicating Hemp Products: The Future Isn’t Bright appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility With $48.5 Million Term Loan – Strengthening Its Capital Structure With No Debt Maturities Until 2026 Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing of its approximately $53 million senior secured credit facility due Dec. 31 through the issuance of a new $48.5 million senior secured Term Loan and use of approximately $7.4 million from cash on hand, which includes fees associated with the refinancing.

Cannabis Compounds in Constant Flux Cannabis industry expert Kenneth Morrow answers a reader’s question about the differences they noticed between flower harvested prematurely and on schedule.

Proposed cannabis regulations bring Minnesota one step closer to dispensaries The rules still need approval before the state can start granting licenses. Minnesota’s marijuana market took a small but crucial step toward next year’s launch Wednesday as the state released a… The post Proposed cannabis regulations bring Minnesota one step closer to dispensaries appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Police groups oppose Florida recreational weed. Supporters say prohibition drains money As law enforcement groups come out against Florida’s recreational marijuana ballot measure, supporters say the current prohibition has far too great “cops and courts” costs. “We believe that passage of Constitutional… The post Police groups oppose Florida recreational weed. Supporters say prohibition drains money appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

AYR Wellness Executive Chairman Resigns Jonathan Sandelman stepped down from his role after serving on the company’s board since 2017. Louis Karger replaced him.

Ohio’s Adult-Use Cannabis Dispensary Licenses Now on Deck The Ohio Division of Cannabis Control is nearly finished issuing dual-use certificates of operators to cultivators, processors and testing labs.

NYC’s latest crackdown on illegal weed shops is finally shutting them down Thousands of marijuana shops boldly opened without a license in New York City after the state legalized recreational use of the drug, but after more than a year of lax… The post NYC’s latest crackdown on illegal weed shops is finally shutting them down appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Cannabis Products Found to Contain Insects and Human Hair Recalled in New Jersey The N.J. Cannabis Regulatory Commission issued a mandatory recall after an investigation into wholesale products sold by Green Medicine NJ and resold under the tradename Green Joy.

Philippines House OKs bill allowing access to medicinal cannabis on 3rd reading MANILA, Philippines — A bill that gives select patients access to medicinal cannabis has been approved by the House of Representatives on the third and final reading. During the session… The post Philippines House OKs bill allowing access to medicinal cannabis on 3rd reading appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Maryland’s illicit cannabis market still ‘alive and well’ after legalization It’s been more than a year since Maryland flipped a switch, turning the state’s string of medical cannabis stores into retailers open to anyone 21 and older. Ahead of the… The post Maryland’s illicit cannabis market still ‘alive and well’ after legalization appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Texas is Headed for a Hemp Industry Showdown As the once simmering conflict between the hemp and cannabis industries develops into a conflagration of litigation and legislation in courtrooms and state houses around the nation, Texas looks as… The post Texas is Headed for a Hemp Industry Showdown appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

What’s needed to make medical marijuana legal in North Carolina The Compassionate Care Act passed the North Carolina Senate for the third time in three years. It would provide for the sale of cannabis and cannabis-infused products to qualified patients with… The post What’s needed to make medical marijuana legal in North Carolina appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

South Dakota medical marijuana businesses are facing a $3,690 fee increase Medical marijuana businesses in South Dakota will soon face a nearly 70% increase in their annual state registration fees, rising from $5,310 to $9,000. “For a business-friendly state, this is… The post South Dakota medical marijuana businesses are facing a $3,690 fee increase appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Best Cannabis Companies to Work For 2025: Entries Now Open, Expanded to Include All Plant-Touching and Ancillary Businesses Cannabis Business Times has expanded its sixth annual awards program to enable ALL cannabis businesses to be recognized as the best employers in the industry.

12 Tips for Cannabis Brands to Get Better Customer Testimonials and Results Showcasing customer testimonials in your advertising, marketing materials, and on your website is a highly effective way to build trust and credibility for your cannabis brand. However, not all testimonials… The post 12 Tips for Cannabis Brands to Get Better Customer Testimonials and Results appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Verano to Acquire Virgina License, Assets From The Cannabist Co. for $90M The vertically integrated license includes a cultivation and production facility and six dispensaries. The agreement also includes Arizona assets.

Trulieve to Open 143rd Medical Cannabis Dispensary in Florida The new retail facility in Ocala, the company’s second location in Marion County, will host a grand opening celebration on Aug. 2.

Tilray’s Aphria RX Receives Cannabis Trading License in Germany The license significantly expands the company’s commercial growth opportunities.

Cannabis Rescheduling ‘Done Deal,’ Story Cannabis CEO Says Jason Vedadi, the former executive chairman for Harvest Health before its acquisition by Trulieve, talks exclusively with CBT on what he expects from federal rescheduling as the industry awaits the DEA’s final determination.

A Research-Driven Inquiry Into ‘Endotoxin On Cannabis’ About a month ago, Kevin McKernan, the founder and CSO of Massachusetts-based Medicinal Genomics, which also produces the CannMed conferences, posted online a rerecording of the Endotoxin on Cannabis presentation… The post A Research-Driven Inquiry Into ‘Endotoxin On Cannabis’ appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

State treasurer racks up big legal bills in effort to remove cannabis chair Massachusetts’ state treasurer has paid a private law firm hundreds of thousands of dollars as part of her months-long effort to suspend and potentially remove the chair of the state’s… The post State treasurer racks up big legal bills in effort to remove cannabis chair appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

The exodus at NY’s Office of Cannabis Management continues At least four high-ranking employees at New York’s Office of Cannabis Management have recently resigned their positions, a month after NY Cannabis Insider reported on other high-profile departures from the… The post The exodus at NY’s Office of Cannabis Management continues appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Verano Opens 18th Medical Cannabis Dispensary in Pennsylvania The company’s affiliated Zen Leaf store in Fairless Hills is one of its 142 retail facilities nationwide.