Santa Barbara Cannabis License Stock Transfer Prompts Second Thoughts about Review Process
Despite an extensive vetting process for cannabis retail licenses in Santa Barbara, a Florida company ended up with one of the three coveted permits after bypassing that scrutiny. With licenses valued at several million dollars at stake, the City of Santa Barbara is...
Sons of Norway lodge to become marijuana shop, lounge and grow operation in Muskegon
MUSKEGON, MI – A former Sons of Norway lodge soon will become a cannabis retail store, consumption lounge and grow operation. The former lodge at the corner of Harvey Street and Marquette Avenue on Muskegon’s north side recently was added to the city’s marijuana...
Why The Legal Cannabis Industry Wants California’s New “Top Cop” To Bust Marijuana
Rob Bonta will be the first “top cop” in California history to be truly pro-marijuana. The 49-year-old state Assemblyman, whose appointment to become the state’s next attorney general was announced Wednesday by Gov. Gavin Newsom, will likely be the most progressive...
New York Legalizes Marijuana — Potentially a $4.2 Billion Industry for the State, Report Says
Bloomberg H&M, Nike Face Boycotts in China as Xinjiang Dilemma Deepens (Bloomberg) — U.S. and European retail brands in China are suddenly facing a dilemma: Embrace cotton from the contentious Xinjiang region and come under attack in the West, or reject it...
New York Is Likely to Legalize Marijuana. Here’s What to Know.
New York is on the brink of legalizing recreational marijuana, after years of failed attempts and stalled efforts. Officials finalized a deal this week to legalize the drug for adults 21 and older and move toward the creation of a potential $4.2 billion industry that...
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.
Good times for Michigan marijuana customers, a struggle for the industry
We spoke with some industry experts about the dynamics at play: Cheap prices for consumers Michigan marijuana stores made over $128 million from recreational use in February 2022. Total sales for marijuana increased, with stores making over $200 million as...
Colorado Marijuana Workforce Drops Nearly 30 Percent
Colorado’s marijuana workforce has dropped 28 percent over the past year, according to a new jobs report from marijuana industry recruitment firm Vangst. Dispensary sales have been struggling across the country, with commercial pot seeing a decrease in jobs...
Cannabis Reforms Worldwide: A Global Overview Of Recent Changes
© Provided by Benzinga South Africa to Introduce New Cannabis Laws – What You Need to Know The South African Portfolio Committee on Justice and Correctional Services has opened the proposed amendments to the Cannabis for Private Purposes Bill for public comments....
Seneca Nation of Indians sets opening date for Niagara Falls marijuana shop
Niagara Falls, N.Y. — The first recreational marijuana shop operated by the Seneca Nation of Indians is set to open for business on Wednesday in downtown Niagara Falls. The shop, or dispensary, will also be the first prominent recreational marijuana retail outlet to...
Exclusive: Leafwire Secures $1M In Funding To Bolster Cannabis Business Network
Cannabis industry business social network Leafwire has completed an investment round of $1 million, Benzinga has learned. Using popular crowdfunding platform Seedinvest, Leafwire was able to secure the funds in the form of a convertible note and promote the raise...
This Hot New Cannabis SPAC Gives Investors Exposure to Some of the Hottest Markets
Are you looking for the next big cannabis investment? Valuations are high right now, as over the past year the Horizons Marijuana Life Sciences ETF (OTC:HMLSF) has soared more than 140%. That’s well above the S&P 500 and its remarkable gains of 70%....
Watsonville City Council solidifies tax cuts for cannabis industry
WATSONVILLE — Those in the local cannabis business may soon be eyeing Watsonville as a place to put down roots, after the City Council voted to significantly cut the tax rates of growers and retailers. The ordinance reduces taxes for all parts of the retail cannabis...
As Cannabis Spending Soars, NACB Joins Emerging Market Coalition To Create Cash Management Standards
The National Association of Cannabis Businesses (NACB) has teamed up with the Emerging Markets Coalition (EMC) to create a national standard for cash management for the cannabis industry. While the legal cannabis market in the U.S. is continually advancing,...
Cannabis Regulatory Update: Senators Reintroduce SAFE Act, Maryland Cannabis Bill Fails, Michigan Sales Soar
Senators Reintroduce SAFE Banking Act While last week, the SAFE Banking Act was reintroduced in the U.S. House of Representatives on Tuesday, while a parallel bipartisan measure was also represented, reports Marijuana Business Daily. Sens. Jeff Merkley, a Democrat...
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