Okay this is the last story about financial woes in this Cannabis Winter. MedMen was once on top of the world. It was valued at $1.7 billion and was nicknamed the Apple Store of weed. Since then, the company has plunged is about to collapse. According to a recent regulatory filing, MedMen only has $15.6 […]
Marijuana users in the United States now have a constitutional right to own firearms, according to a new ruling. The case upheld by the supreme court in Oklahoma used the US Supreme Court Case New York State Rifle & Pistol Association v Bruen to justify the ruling by the Oklahoma Judge. New York State Rifle […]
Lawmakers in many states have started pre-filing marijuana law reform legislation and some sessions have already begun holding hearings. This week’s update highlights legislative developments in Delaware, Georgia, Hawaii, Iowa, Maryland, Minnesota, Missouri, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Ohio, South Dakota, Tennessee, Washington, and West Virginia. ADULT-USE LEGALIZATION DELAWARE Update: HB2 […]
Tilray had set a goal in July 2021 for reaching an annual revenue of $4 billion by the end of 2024. It’s a huge number so it naturally made some waves. But as we get closer to that goal post, the number seems absurdly large. Tilray is aware of this, and quietly has abandoned the […]
Illinois took a large step last week by opening the first cannabis shop with a bar and bakery. This is the first store of its kind within the state and marks a large step forward in creating safe social spots for cannabis consumption. The business is called Okay Cannabis and serves beer, wine, liquor, baked […]
Members of the House General Laws Subcommittee failed to advance legislation to legalize and regulate the retail sale of cannabis products to adults age 21 and older. Committee members rejected two separate legislative measures, HB 1750 and HB 1464, late Tuesday evening. Republicans currently control the Virginia House of Delegates by a margin of 52 […]
Licensed truck drivers are leaving the workforce in droves as outdated marijuana testing requirements are being strictly enforced. As many as 40,000 commercially licensed truck drivers failed federally mandated drug screens for marijuana in 2022. Many of these drivers who failed the tests are refusing to return to their jobs due to the governments inability […]
2023 is going to be a year of enduring pain for marijuana companies, according to MJBizDaily. With wholesale prices plummeting across the country and demand receding, layoffs are happening across the board, with even some high profile executives leaving the scene. “I don’t think layoffs have peaked. I think this will continue into 2024 for […]
A Christopher Newport University survey shows 60 percent of Virginians favor legalizing the retail sale of adult-use of marijuana products. Virginians’ attitudes, like Americans’ attitudes, are increasingly supportive of ending the failed policy of marijuana prohibition and replacing it with a legal marketplace in which products can be safely regulated and sold to responsible consumers. […]
Growers in California are leaving the industry in droves. This comes as prices hit record lows and the industry becomes stagnant. Cannabis wholesale technology platform LeafLink reports that the total square footage of cultivation canopy in California has dropped over 15% when compared to the same time a year ago. Today, there is roughly 68 […]
