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Oklahoma sheriff auctioning 19 acres from seized Marijuana farm

Oklahoma sheriff auctioning 19 acres from seized Marijuana farm

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Cannabis NewsAugust 22, 2023

A former illegal marijuana grow farm in Johnston County will go on the auction block next month. The Johnston County Sheriff’s Office announced Tuesday that a 19.24-acre lot near Coleman will be available from Sept. 11 to Sept. 13 at an online auction. An opening bid of $755,006 will start the

Marijuana Business News

Cheech & Chong still smoking after five decades as Cannabis icons

Cheech & Chong still smoking after five decades as Cannabis icons

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Cannabis NewsAugust 22, 2023

When it comes to cannabis culture, no two names are more prominent than Cheech and Chong Entertaining the marijuana masses for over 50 years, the duo defined stoner comedy. After meeting in Vancouver, Canada, in the late 1960s, Tommy Chong and Cheech Marin were destined for ganja greatness. Within

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Injunction halting Marijuana licensing sparks confusion in industry

Injunction halting Marijuana licensing sparks confusion in industry

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Cannabis NewsAugust 22, 2023

State Supreme Court Justice Kevin R Bryant issued an injunction Friday stopping New York's marijuana licensing program amid a lawsuit filed by four veterans. ALBANY — Marijuana retail store operators and applicants hoping to become one have been left confused after a judge granted an injunction

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Pharma Industry showing ‘Growing Interest’ in Cannabis

Pharma Industry showing ‘Growing Interest’ in Cannabis

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Cannabis NewsAugust 22, 2023

Big-pharma has so far been cautious of diving headfirst into the cannabis industry, despite the growing body of evidence surrounding its medical benefits. Pharmaceutical cannabis sales are set to top $1.11bn this year, with the world’s largest and most lucrative pharmaceutical market, the US

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MJ Market could generate $275-403M in taxes in first five years in Ohio

MJ Market could generate $275-403M in taxes in first five years in Ohio

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Cannabis NewsAugust 21, 2023

Will Ohio be the next state to usher in a new era of reform and recreational cannabis? Ohio just approved a statewide vote on adult-use cannabis on November’s upcoming ballot, and it’s looking like business would be booming should it be approved. A study published earlier this month by researchers

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Real Estate Veteran aims to assist minorities and women in Cannabis Sector

Real Estate Veteran aims to assist minorities and women in Cannabis Sector

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Cannabis NewsAugust 21, 2023

Gloria Govan Takes the Helm as General Partner at Alta II, Pioneering Accessible Real Estate Financing for Minority-Owned Cannabis Ventures. On Wednesday, RLNTLSS Brands founder and President Gloria Govan announced her appointment as General Partner of Alta II, a real estate lender with the goal to

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Cresco CEO still believes federal reform is possible

Cresco CEO still believes federal reform is possible

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Cannabis NewsAugust 21, 2023

Cresco Labs CEO Optimistic About Federal Marijuana Reform Despite Delays, Anticipates Positive Progress in DC. During the Chicago-based company’s most recent earnings call, Cresco Labs CEO Charles Bachtell strongly implied that he believes federal marijuana reform is still on the horizon, despite

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Middle-aged US adults binge drinking and using Marijuana at record levels

Middle-aged US adults binge drinking and using Marijuana at record levels

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Cannabis NewsAugust 18, 2023

Alarming Surge: Binge Drinking, Vaping, Marijuana Use Record High Among US Adults, University of Michigan Study Finds. Binge drinking, vaping, marijuana use, and hallucinogen consumption reached an all-time high among US adults in 2022, showing a significant upward trajectory in substance use in

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Dropping prices and heavy tax burden will mean Cannabis industry

Dropping prices and heavy tax burden will mean Cannabis industry

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Cannabis NewsAugust 18, 2023

Producers and retailers say current federal tax is not sustainable for the industry. With high taxes, a saturated market and few options, some of Canada's legal cannabis producers are struggling. When the federal government legalized the sale of recreational cannabis in October 2018, retail

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California locals block Cannabis store from opening

California locals block Cannabis store from opening

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Cannabis NewsAugust 18, 2023

A proposed Embarc location was far enough away from a school, but locals appealed its permit to open, saying it’s a nuisance because of smell and security. After bending over backwards to meet the criteria for compliance, residents in Pinedale, a neighborhood of Fresno, California, rallied in Fresno

Marijuana Politics Marijuana Business News

Women-led Cannabis farmers market opens in Columbia County

Women-led Cannabis farmers market opens in Columbia County

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Cannabis NewsAugust 18, 2023

After cannabis sales lagged in New York, marijuana growers are coming together to participate in the state’s Cannabis Growers Showcase’ initiative in hopes of getting their stockpiled crops sold. Many cannabis growers have been struggling to get last year’s crop on the shelves due to a lack of

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Former NBA All-Star Dwyane Wade releases exclusive Cannabis Box

Former NBA All-Star Dwyane Wade releases exclusive Cannabis Box

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Cannabis NewsAugust 18, 2023

The limited-edition box coincides with Dwyane Wade’s recent induction into the NBA Hall of Fame. Former NBA athlete and Hall of Famer Dwyane Wade recently announced the details regarding his special cannabis box launch in collaboration with Jeeter. “My partners, Jeeter and I, have created this

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Blockchain is transforming Cannabis Industry

Blockchain is transforming Cannabis Industry

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Cannabis NewsAugust 18, 2023

In recent years, blockchain technology has emerged as a powerful tool with the potential to revolutionize various industries. A partnership between ACS Laboratory, the largest hemp and cannabis testing facility in the eastern United States, and Blockticity, a leader in guaranteed certificates of

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With Cannabis industry expanding, a Baltimore company sees an opportunity to clean up

With Cannabis industry expanding, a Baltimore company sees an opportunity to clean up

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Cannabis NewsAugust 17, 2023

Maryland cannabis companies reported tossing a little over 29 tons of green waste in 2022, according to the Maryland Cannabis Administration, a total that will expand with the legalization of recreational use by adults earlier this year. That’s a germinating problem for the industry: Businesses

Marijuana Business News

Ocean View considers prohibition of Marijuana sales

Ocean View considers prohibition of Marijuana sales

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Cannabis NewsAugust 17, 2023

The Town of Ocean View is considering regulations on marijuana months after the Delaware General Assembly voted to legalize its recreational use and sale. The conversation in Ocean View comes after a number of coastal communities voted to ban the sale of the drug in town. The Town of Dewey Beach was

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Medical Marijuana pioneered legal weed in Michigan and now it's withering away

Medical Marijuana pioneered legal weed in Michigan and now it's withering away

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Cannabis NewsAugust 17, 2023

The reality is there are fewer dispensaries selling medical marijuana in Michigan as demand for adult-use recreational marijuana dominates. Michigan's medical marijuana industry is wilting. The portion of the cannabis business that stood up legal weed in the state is now at its lowest point since

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Organizers hope to raise funds for flooded Vermont Cannabis pot shops

Organizers hope to raise funds for flooded Vermont Cannabis pot shops

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Cannabis NewsAugust 17, 2023

The Cannabis Retailers Association of Vermont, and others plan to help raise funds for flooded cannabis businesses. “Historic” flooding in Vermont is causing an unprecedented number of landslides in the state, impacting businesses including those in the cannabis industry. After Vermont cannabis

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New York Cannabis retailers find roadblocks in obtaining licenses and opening shops

New York Cannabis retailers find roadblocks in obtaining licenses and opening shops

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Cannabis NewsAugust 16, 2023

Some entrepreneurs in the first round of licensing have found it difficult to navigate applications, find retail space. Bronx resident Jesus Fontanez was 18 years old when he began taking care of his younger brother after their mother’s passing. It was the late 1990s and Fontanez was living on his

Marijuana Business News

State faces pushback from Missouri Marijuana industry over product recall

State faces pushback from Missouri Marijuana industry over product recall

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Cannabis NewsAugust 16, 2023

A company is accused of bringing illegal marijuana product into the Missouri market and obstructing the state’s investigation by staging a robbery at its facility. Twice this summer, Andrew Mullins emailed state marijuana regulators to make sure they knew about a potential problem. Mullins, the

Marijuana Business News

Large Cannabis ETF to close as investors lose interest in Marijuana industry

Large Cannabis ETF to close as investors lose interest in Marijuana industry

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Cannabis NewsAugust 16, 2023

A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic Cannabis ETF will see its final day of trading Aug. 25. The fund will liquidate assets

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