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Marijuana packaging firm KushCo raises $40 million in direct stock offering

California-based marijuana company KushCo Holdings said it expects to net about $40 million from the sale of securities in a direct offering to investors. The provider of packaging and other ancillary products to the cannabis industry said it will use …

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Ex-Eaze CEO pleads guilty in $100 million cannabis payment scheme

The former CEO of California cannabis delivery platform Eaze pleaded guilty to one count of conspiracy to commit bank fraud in connection with an alleged scheme to deceive banks into processing more than $100 million worth of credit and debit payments …

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Canadian cannabis retailer Fire & Flower strikes US licensing deal

Major Canadian cannabis retailer Fire & Flower Holdings is making moves into the United States, licensing its brand and technology to American Acres Managers, a private Canadian firm with marijuana retail ambitions in Arizona, California and Nevada…

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A tale of two cannabis social equity programs: Los Angeles and Oakland

Social equity programs are a relatively new phenomenon in the U.S. cannabis industry, with the aim of getting more minorities and those with marijuana-related convictions involved in the legal sector. But so far, no city or state has come up with the p…

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Growing marijuana regulators group pressures Congress

The Cannabis Regulators Association, a recently formed but potentially influential marijuana industry group, welcomed an overseer of the country’s biggest MJ market into its fold while pushing Congress on six key reform demands. California’s Bureau of …

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California medical cannabis dispensary owes $4.2 million, US Tax Court rules

A subsidiary of California-based cannabis retailer Harborside must pay nearly $4.2 million in back taxes and penalties after losing a case in U.S. Tax Court. The Tax Court determined in a decision issued Wednesday that San Jose Wellness, the Harborside…

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Transforming the cannabis concentrates market

A decade ago, I was spearheading company growth for Atlas Snowshoes, which had just invented and launched a modern snowshoe.
Transforming the cannabis concentrates market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness ne…

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Retail prices for recreational marijuana flower rise in response to record demand amid pandemic

The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state c…

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California’s Humboldt County permanently bans hemp cultivation

Humboldt County in Northern California’s famed Emerald Triangle permanently banned outdoor cultivation of low-THC hemp varieties.
California’s Humboldt County permanently bans hemp cultivation is a post from: Marijuana Business Daily: Financial, …