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 …
Cannabis Industry & Marijuana Business Briefs
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…
Green Organic Dutchman weighs sale of cannabis greenhouse in Quebec
The Green Organic Dutchman is considering the sale of its mammoth cannabis greenhouse in Salaberry-de-Valleyfield, Quebec, approximately two months after the Mississauga, Ontario-based licensed producer increased its stake in the property to 100%. “Mul…
New cannabis SPAC raises $150 million in IPO for US acquisitions
Choice Consolidation Corp., a new cannabis industry special purpose acquisition company (SPAC), raised $150 million in an initial public offering on the Canadian NEO Exchange. “We are thrilled to make our public market debut on the NEO Exchange a…
Montana lawmakers weigh bill to separate marijuana, hemp production
Montana lawmakers are mulling legislation that would require medical marijuana cultivators to keep their operations confined to indoor facilities, leaving the outdoors for hemp production only.
Montana lawmakers weigh bill to separate marijuana, hemp p…
Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019
Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of …
South Dakota rejects telemedicine for medical marijuana consultations
South Dakota lawmakers will not allow qualifying patients to use telehealth to consult with doctors or receive recommendations about medical marijuana.
South Dakota rejects telemedicine for medical marijuana consultations is a post from: Marijuana Busi…
Court ruling paves way for New Jersey to expand medical cannabis market
A New Jersey appellate court lifted a 2019 order preventing the state from issuing an additional 24 medical cannabis licenses. The decision could allow for expansion of the medical marijuana industry in the state, perhaps before the launch, potentially…
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 …
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…