Cannabis-tech firm Weedmaps is cutting 10% of its employees as legal pot sales dry up and recession fears mount. Read the full memo.
Cannabis-tech firm Weedmaps laid off 10% of employees, per an August 4 memo. The company’s stock has suffered this year, falling over 55%. Cannabis is far from recession-proof, as Weedmaps’ recent layoffs show. Layoffs have already come for tech....
3 Western New York companies among first licensed to process cannabis into consumer products
Natalie Brophy Justin Schultz first opened his CBD manufacturing business, Bison Botanics, in 2018 with the hopes of one day breaking into the recreational cannabis market in New York. That day came Monday when Schultz learned he was among the first three...
Potency Inflation Runs Rampant In Cannabis Industry Despite Measures To Combat It
In the race to the highest THC potency, the integrity of cannabis lab testing data is at stake. Consumers can’t always trust the labels of cannabis products in states with mature cannabis markets, as the incentives to inflate THC potency numbers reach new proportions....
Building a bridge from legacy to legal cannabis market
Six years after the legal adult use cannabis market opened in California, most consumers continue to buy their goods underground. Politico reported in October that sales on the illicit, or legacy, market in California totaled approximately $8 billion–twice the amount...
In Detroit, adult-use marijuana business license applications remain on hold
Cannabis businesses that want to set up recreational use shops in the city of Detroit will have to wait, again. On Friday, the Wayne County Circuit Court extended a temporary restraining order that prevents the city from accepting adult-use marijuana business license...
CBD Stocks Creating Opportunities – Established (BCCI), (STG), (WEED), (ACRGF), (RLTR), (CBMJ), and Newcomer (VAPR) Lead the Charge
You would have to be living in isolation to have not picked up on the hottest marijuana derivative consumable and therapeutic center isolate CBD. CBD “Cannabidiol” is the non-psychoactive full spectrum derivative of the hemp and marijuana plant largely credited for the majority of the medical beneficial attributes associated with marijuana.
5 suspects charged with murder in Southern California desert killings in dispute over marijuana
SAN BERNARDINO, Calif. — Prosecutors filed murder charges Tuesday against five suspects in the fatal shootings of six men at a remote dirt crossroads in the Southern California desert after what investigators said was a dispute over marijuana. The suspects...
Rethinking Buzz: Why Sober CA Picks Cannabis Over Cocktails
In recent years, a transformative cultural shift has been brewing — pun intended. Gone are the days when a cold beer or a glass of wine were the only socially acceptable ways to unwind. Enter the ‘Sober CA’ movement: a rising tide of consumers, organizations and...
Democrats urge Biden administration to deschedule marijuana
WASHINGTON — Senate Democrats are putting new pressure on the Biden administration to ease federal restrictions on marijuana in a new letter to the Drug Enforcement Administration on Tuesday as it considers rescheduling cannabis after it was federally classified more...
Officials: Exclusive Central Valley golf club discovered as illegal cannabis business
A photo of an alleged illegal cannabis operation in Fresno, Calif. Fresno City Attorney’s Office An exclusive Central Valley golf club was allegedly operating an illegal cannabis business, officials said. Investigators arrived at the AOA Private Golf...
Cathedral City offers some tax breaks for cannabis cultivators. Some say it’s not enough
Cannabis businesses in Cathedral City have been pleading with the city to lower their taxes, arguing that the high costs make it difficult to operate in a struggling market. APPLE INC. +3.61 +2.14% CONSTELLATION BRANDS, INC. +3.89...
Washington may prioritize drug traffickers in cannabis shop applications
NEWYou can now listen to Fox News articles! Washington state regulators are weighing the idea of giving those previously convicted of marijuana-related crimes preferential treatment for opening cannabis stores. The Washington State Liquor Cannabis Board is considering...
Illinois grants more licenses for cannabis businesses
CHICAGO (CBS) – More Illinois entrepreneurs now have a chance to get into the cannabis business. Gov. JB Pritzker’s office just issued another round of conditional dispensary licenses. Five more potential business owners were awarded conditional licenses,...
New cannabis equity law sparks hope for would-be business owners
Massachusetts’ new cannabis equity law is drawing praise from advocates who say it will help ease barriers to entry for aspiring cannabis businesses owners from marginalized communities and foster more equity within the state’s multi-billion dollar industry. The law,...
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Holdings Inc., Trulieve Cannabis Corp., Cronos Group Inc. and Canopy Growth...
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