Business

NCAA Votes to Remove Cannabis from Banned Substances List

By / June 26, 2024 /

LONDON – The National Collegiate Athletic Association (NCAA) has voted to remove marijuana from its banned substances list for Division I players, effective immediately. Historic Decision: Cannabis No Longer Banned…

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Tribal CEO Alleges Firing for Opposing Cannabis Venture

By / June 26, 2024 /

In a dramatic turn of events, Derek Dorr, the former CEO of the tribal-owned company Makwa, has filed a federal lawsuit alleging he was fired in retaliation for raising concerns…

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Key Priorities for Cannabis Executives in Acquisition Targets

By / June 25, 2024 /

Acquiring a company can be a strategic move for businesses seeking growth, diversification, or market expansion. The process involves a series of steps, from identifying potential targets to negotiating terms…

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Tech Troubles: Pennsylvania Cannabis Operators Grapple with State-Mandated Software

By / June 24, 2024 /

Pennsylvania’s medical cannabis operators reported unprecedented sales exceeding $1.3 billion last year. Despite this financial success, persistent issues with the state-mandated track-and-trace software have cast a shadow over these achievements.…

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Arizona Governor Vetoes Bill on Psilocybin Treatment Centers

By / June 21, 2024 /

LOS ANGELES – Arizona Governor Katie Hobbs vetoed a bill on June 18 that would have permitted the use of psilocybin in designated treatment centers. The vetoed House Bill 1570…

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Verano Rejects $861M Damages Claim from Goodness Growth Over Terminated Merger

By / June 21, 2024 /

Verano is seeking a court dismissal of fellow multistate cannabis operator Goodness Growth’s request for a summary determination in ongoing litigation between the companies stemming from a terminated merger agreement…

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Cannabis Boards Must Advocate for Criminal Justice Reform, Says Expert

By / June 21, 2024 /

Some cannabis stakeholders argue that advocating for criminal justice reform is not just ethically right but also a legal requirement for directors fulfilling their fiduciary duties. Directors must maximize profits…

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Increase in Edible Cannabis Intake Noted Among Toddlers: Illinois Poison Center

By / June 21, 2024 /

The Illinois Poison Center has noted a significant rise in cannabis edible exposures among young children, with 244 cases reported in 2023 compared to 37 in 2019. Instances include children…

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Determine Your Eligibility for Delaware’s Cannabis Equity Program

By / June 21, 2024 /

Delaware’s Office of the Cannabis Commissioner has introduced an interactive map to aid residents in identifying areas disproportionately impacted by high marijuana-related arrest, conviction, and incarceration rates. Eligibility Criteria Residents…

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Noncompliant THC Products Thousands of THC products not meeting state regulations were seized

By / June 21, 2024 /

Minnesota businesses are prohibited from selling raw cannabis flower until the legal market launches next year. Despite this, some retailers are selling it, prompting state regulators to take action. Seizure…

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California State Fair Introduces Cannabis Sales and Consumption Lounge

By / June 20, 2024 /

For the first time in its 170-year history, the California State Fair is set to feature cannabis sales and an onsite consumption lounge. This move marks a significant step in…

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Michigan Surpasses California in Cannabis Sales and Per Capita Spending

By / June 20, 2024 /

Introduction to Michigan’s Market Dominance Michigan’s recreational cannabis market has hit a level of achievement and even beat California in some key performance metrics despite the higher population of California.…

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