Virginia Hemp Businesses Fined $12.4 Million Since July 2023, Including $1.6 Million Last Month Since new restrictions on edible hemp-derived products kicked in early last summer, the state’s Department of Agriculture and Consumer Services has cited hundreds of businesses for 20,175 violations.

Tilray to Acquire 4 Craft Beer Breweries From Molson Coors The global cannabis company’s beverage-market aspirations just got higher, as it entered into a definitive agreement to buy four more beer companies. This follows several years of beverage-company acquisitions and marks a ‘strategic milestone’ in the company’s growth plan.

Judge Finds Flaws in New York City’s Cannabis Enforcement Efforts The city has appealed the judge’s ruling in favor of a convenience store in Queens that could have broader implications for enforcement. A state judge has ordered New York City… The post Judge Finds Flaws in New York City’s Cannabis Enforcement Efforts appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Wiz Khalifa to Offer Exclusive Khalifa Kush Products ‘Powered by Planet 13’ at the Planet 13 Entertainment Complex The products include cultivars unique to Nevada that will be sold Planet 13’s Las Vegas dispensary.

Trulieve to Open 143rd Medical Cannabis Dispensary in Florida The New Port Richey retail location in Pasco County will host a grand opening celebration Aug. 16.

Ohio Cannabis Customers Spend $11.5 Million in First 5 Days Early signs indicate the Buckeye State’s licensed dispensaries will eclipse $1 billion in combined adult-use and medical sales in the first 12 months.

Ohio recreational marijuana sales top $11.5 million in first 4 days Ohio marijuana dispensaries raked in more than $11.5 million in recreational marijuana sales in the week that ended Friday, and prices spiked dramatically in the first week that nonmedical cannabis… The post Ohio recreational marijuana sales top $11.5 million in first 4 days appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Arkansas medical marijuana group continues signature drive despite legal challenges Arkansans for Patient Access is gathering signatures in the River Valley and Northwest Arkansas to expand medical cannabis access despite legal challenges. Organizers with Arkansans for Patient Access are still… The post Arkansas medical marijuana group continues signature drive despite legal challenges appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Green for green: Ohio recreational marijuana buyers turned away for not having cash As Ohioans purchased recreational marijuana legally in the state for the first time last week, some customers were turned away because they presented credit cards and didn’t have cash. The dispensaries… The post Green for green: Ohio recreational marijuana buyers turned away for not having cash appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Greentank Announces 1st of Its Kind Aerosolization Chip to Revolutionize Liquid Delivery Systems The company’s trademarked Heating Chip offers unprecedented precision and consistency in aerosol production.

Only 27% of US Cannabis Operators Profitable in 2024, Whitney Economics Reports The industry data and economic research consultancy released its preliminary cannabis business conditions survey results.

Ispire, Hidden Hills Club Strike Deal to Fortify the Future In a landmark agreement, Ispire Technology Inc. (NASDAQ: ISPR) announced last week that it has entered into an exclusive 30-year agreement with U.S.-based Hidden Hills Club to “globally manufacture, distribute… The post Ispire, Hidden Hills Club Strike Deal to Fortify the Future appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Maine regulators reject utility proposal to report suspected marijuana grow operations to police Maine utility regulators unanimously rejected on Tuesday an electric utility’s proposal to proactively report high consumption that signals a marijuana growing operation to law enforcement officials in an attempt to aid police… The post Maine regulators reject utility proposal to report suspected marijuana grow operations to police appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Can a Weed Hustler Go Legit? A trip through the wild, winding world of New York City’s legal (and not-so-legal) cannabis market MY INITIATION INTO the cannabis trade began in a middle school bathroom. Dime bags led… The post Can a Weed Hustler Go Legit? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Breeders’ Rights No Longer a Pipe Dream for New Marijuana Varieties? By Kassandra Officer and Lauren Robinson The cannabis industry may be on the brink of a significant shift in intellectual property protection for new marijuana varieties. With the recent announcement… The post Breeders’ Rights No Longer a Pipe Dream for New Marijuana Varieties? appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

California Seizes 2.3 Million Unlicensed Cannabis Packages Marked With Forged Regulatory Seal Gov. Gavin Newsom’s Unified Cannabis Enforcement Taskforce led the recent operation in Los Angeles. Many products were marketed as candy.

Delaware to open application process for legal weed businesses two weeks ahead of schedule Delaware will begin accepting online applications for the state’s recreational marijuana business on Monday, Aug. 19 − two weeks ahead of schedule. The application process for all aspects of the… The post Delaware to open application process for legal weed businesses two weeks ahead of schedule appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Cannabis Control Commission acting chair will take medical leave, adding to uncertainty at the agency Ava Callender Concepion will take at least a month off per medical advice, leaving the commission to find an acting chair for the second time in the past year. Cannabis… The post Cannabis Control Commission acting chair will take medical leave, adding to uncertainty at the agency appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Green Thumb Ended Partnership Years Ago With Ohio Man Now Facing Rape, Attempted Murder Charges The Chicago-based multistate cannabis operator co-applied for an Ohio license in 2018 with Bobby George, who turned himself in to authorities Aug. 13.

North Dakota voters to weigh in again on marijuana legalization A ballot initiative to legalize recreational marijuana in North Dakota has qualified for the November election, the state’s top election official said Monday. That sets up another vote on the issue in the… The post North Dakota voters to weigh in again on marijuana legalization appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Cannabis could help people cut down or stop opioid use, research shows USC study finds cannabis can help manage withdrawal symptoms, as well as cravings and anxiety after withdrawal New research from the University of Southern California shows that cannabis might help some people… The post Cannabis could help people cut down or stop opioid use, research shows appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

Cannabis Legalization Measure Approved for North Dakota Ballot Secretary of State Michael Howe’s office validated nearly 19,000 signatures for Measure 5 to go before voters on Nov. 5.

Prospiant Expands Florida Team PRESS RELEASE Prospiant – the largest US greenhouse manufacturer and leader in controlled environment agriculture has expanded its Florida team to include onsite construction management teams. This allows the company… The post Prospiant Expands Florida Team appeared first on Cannabis Business Executive - Cannabis and Marijuana industry news.

State AGs Take Action to Quell Proliferation of Intoxicating Hemp Products State attorneys general, absent federal guidance or legislation, step in to address consumer concerns about the unregulated market for intoxicating hemp-derived cannabinoids.

Apothecarium Dispensary Workers in Maryland Vote, 25-0, to Unionize With UFCW Local 27 The Cumberland, Md., workers now head to the bargaining table to negotiate a contract for better wages, affordable benefits and a safer work environment.

Planet 13 Announces Opening of 27th Florida Dispensary The Ocala location marks the company’s 31st retail facility nationwide.

Florida’s Battle to Legalize Cannabis Heats Up Ahead of Amendment 3 Ballot Measure Zachary Kobrin, the former vice president and general counsel for Trulieve, provides exclusive insights into the dynamics surrounding Amendment 3 and factors that go beyond the election.

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.