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Chicago-based Cannabis giant Cresco Labs loss widens on $61M charge for taxes Image Cannabis NewsAugust 8, 2024 Revenue remains about flat at $184 million. Cannabis retailer Cresco Labs Inc. said Thursday its second-quarter loss widened on a $61 million charge related to its tax position, as revenue remained about flat. Cresco Labs said it lost $51
California seizes over $120M in illegal Cannabis since January Image Cannabis NewsAugust 8, 2024 California's Unified Cannabis Task Force Seizes $120 Million in Illegal Cannabis, Reinforcing Support for Legal Market. In strong support of California’s legal cannabis market, Governor Gavin Newsom announced that since January, California’s Unified Can
NY Cannabis Control Board Faces Backlash Over Proposal to Ease Buffer Rules for Pot Shops Image Cannabis NewsAugust 8, 2024 NY Cannabis Control Board considers easing buffer rules for legal pot shops. Why critics are slamming the idea. Gov. Kathy Hochul's Cannabis Control Board said it's considering loosening the rules so that more legal weed store
County judge breaks tie over Cannabis-related businesses Image Cannabis NewsAugust 7, 2024 Judge Executive David Westerfield Bans Cannabis Business Operations in Laurel County. Due to multiple tied votes on Monday morning, Judge Executive David Westerfield (standing) ultimately made the call to prohibit cannabis business operations in the county. T
University of New England to offer online Cannabis education classes Image Cannabis NewsAugust 7, 2024 Four certificate programs will train students about business, medical, legal and agricultural aspects of the cannabis industry. The University of New England Online will soon offer a set of classes aimed at teaching students about one of the state
Ohio's Early Cannabis Sales Draw Crowds Despite High Prices Image Cannabis NewsAugust 7, 2024 Ohio's earliest cannabis sales drew crowds across the state. Some have sticker shock. For Brian Wingfield, the wee hours of Tuesday morning felt reminiscent of late December, even though it was already 75 degrees Fahrenheit at 4 a.m. in Columbus. “I kind o
New York State Shuts Down Over 1,000 Illegal Cannabis Shops Image Cannabis NewsAugust 7, 2024 Hochul's Crackdown on Illegal Cannabis Shops Results in Over 1,000 Closures Statewide. This spring, after calling the roll-out of New York’s legal cannabis industry a “disaster,” Gov. Kathy Hochul also promised a new crackdown on the thousands of illegal c
Recreational Marijuana sales in Ohio expected to generate hundreds of millions in revenue Image Cannabis NewsAugust 7, 2024 The first day of recreational marijuana sales in Ohio started with long lines of enthusiastic customers, right up until closing time. One of the key arguments for getting this passed was the tax revenue it would generate. An e
Cannabis Control Commission Turmoil Threatens Massachusetts’ $7 Billion Industry Image Cannabis NewsAugust 7, 2024 The Cannabis Control Commission is in chaos, and the state’s $7 billion pot industry is paying for it. Months of scandal and a call for receivership have many questioning who is at the helm of the state agency, and what their dysfuncti
Cannabis giant Green Thumb Industries widens profit as store count climbs Image Cannabis NewsAugust 6, 2024 Green Thumb Industries Reports 54% Q2 Earnings Surge with Expansion of Dispensary Network. Second-quarter earnings jump 54% to $20.7 million as Chicago company adds 11 dispensaries to its network. Green Thumb Industries Inc. continued its run
Federal agencies call out Cannabis sellers amid 'skyrocketed' pediatric hospitalizations Image Cannabis NewsAugust 6, 2024 Federal Agencies Target Cannabis Products Resembling Popular Snacks with Cease-and-Desist Letters. For the second time in two years, federal agencies have sent cease-and-desist letters to cannabis retailers, demanding they stop
What to know about Amendment 3 before the November election Image Cannabis NewsAugust 6, 2024 Florida Voters to Decide on Recreational Marijuana Legalization with Amendment 3. Amendment 3 seeks to legalize recreational marijuana in Florida, allowing those 21 and older to have up to 3 ounces and up to 5 grams of cannabis concentrate. Floridians are
Maine task force considers Cannabis lounges, other on-site options as industry looks for areas of growth Image Cannabis NewsAugust 2, 2024 Maine Task Force Considers On-Site Cannabis Consumption in Lounges and Restaurants. Whether Maine should allow people to smoke or eat cannabis in lounges, at campgrounds and in food served at restaurants is bein
Minnesota's Cannabis law: 1 year later, law is still hazy Image Cannabis NewsAugust 2, 2024 Minnesota's Journey to Legal Marijuana: Progress and Challenges One Year After Legalization. It was Aug. 1, 2023, when self-described weed nerds at First Avenue were celebrating the legalization of recreational marijuana. But experts say while Minnesota has
Republicans lodge last-ditch protest against Marijuana rescheduling Image Cannabis NewsAugust 2, 2024 Republicans Push Back Against Biden's Move to Reschedule Marijuana. Republicans are making a last push against the finalization of the Biden administration’s move to reschedule marijuana, despite advocates saying the fight isn’t worth the effort. T
Stuffed Buc-ee's beavers used to smuggle Marijuana Image Cannabis NewsAugust 2, 2024 Traffic Stop in San Antonio Uncovers Marijuana Stashed in Buc-ee's Plushies; Driver Arrested. A man has been arrested after authorities discovered marijuana hidden in stuffed Buc-ee's plushies during a traffic stop in San Antonio. The incident occurred around 1:10
