Author: Chris Casacchia
[ad_1] Tim Conder, interim CEO of marijuana multistate operator Tilt Holdings since April, has been given the job on a permanent basis. Since taking the interim post after Gary Santo resigned, Condor has aimed to put the Phoenix-based company on a path to profitability. He has initiated significant cost reductions and reevaluated brand partnerships – including cutting ties with some social equity brands – while shifting focus to the cannabis company’s vape hardware business. “When I took the interim CEO role, the company was cash-consumptive, really in an environment where that doesn’t make a lot of sense,” Conder told MJBizDaily…
[ad_1] New York regulators plan to issue as many as 1,500 new marijuana business licenses as unsold cannabis continues to build up among growers in a market where only a couple of dozen retailers have opened their doors. The state’s Office of Cannabis Management (OCM) on Tuesday said it will begin accepting applications Oct. 4 for cultivation, retail, processing and microbusiness licenses, Bloomberg first reported. The application window will open for 60 days. The state has issued about 700 conditional licenses, including: 463 for social equity retailers and 10 for nonprofit retailers under its conditional adult-use retail dispensary (CAURD) program.…
[ad_1] More than 1,000 companies and entrepreneurs have applied for business licenses to be part of Minnesota’s booming low-dose, hemp-derived products market. The run-up to the Oct. 1 application deadline has fueled applications filings, which more than doubled from mid-August to 1,250, the Minnesota Department of Health told MinnPost. The application deadline applies to any business, including liquor stores, that “sell hemp-derived cannabinoid products containing THC, CBD, or both,” according to information from the Minnesota Department of Health. Registration is free. Once registration is completed, operators will receive a registration certificate and unique ID number via e-mail. The new batch…
[ad_1] The New York attorney general’s office and a state court have granted a temporary exemption for cannabis e-commerce platform Leafly Holdings to continue operations in the state. The ruling, first reported by Green Market Report, blocks a regulatory ban on third-party advertising and marketing services in New York’s fledgling adult-use marijuana market. Seattle-based Leafly is challenging the ban in court. The lawsuit claims New York’s Office of Cannabis Management (OCM) unfairly targeted so-called third-party platforms such as Leafly in adopting regulations that hamstring the industry and restrict retailers’ ability to market and promote products. “We are very pleased with…
[ad_1] Pennsylvania’s Senate approved a bill allowing medical marijuana growers and processors to sell product directly to patients. Senate Bill 773, sponsored by Republican Sen. Chris Gebhard, would grant cannabis cultivators and product manufacturers dispensary licenses to serve patients directly, according to the Patriot-News. The bill now heads to the House, where some lawmakers could propose additional measures, the media outlet reported. It bears watching if negotiations extend beyond the state’s MMJ program, including revisiting a bipartisan adult-use marijuana legalization proposal reintroduced in July. Democratic Gov. Josh Shapiro has shown strong support for adult-use legalization. But several Pennsylvania Republicans, who currently…
[ad_1] A widespread recall targeting tens of thousands of infused cannabis products in Missouri has led to millions of dollars in lost sales and inventory for retailers and manufacturers, according to industry sources and court documents obtained by MJBizDaily. At the same time, scores of operators caught up in the fallout have few options to recoup those losses. Some retailers, such as Kansas City-based multistate operator Greenlight, have locked up thousands of vape pens and other products in vaults after Missouri regulators imposed an “administrative hold” in August on the merchandise, then implemented a full-fledged recall. Firsthand accounts from manufacturers…
[ad_1] A major marijuana grower in Rhode Island has been ordered to stop selling products while regulators consider alleged violations by the company. Superior Court Judge Brian Stern rejected a request last week for injunctive relief filed by STJ, better known as Fire Ganja. STJ filed a motion “seeking monetary relief and requesting that the court ‘revoke and dissolve’ an administrative hold and quarantine of marijuana plants” issued by the state, according to court records obtained by the Providence Business News. The company could lose its license over allegations that it failed to disclose an owner and produced significant amounts…
[ad_1] A multi-agency investigation in Oklahoma has resulted in the closure of five marijuana businesses and the seizure of thousands of pounds of untraceable cannabis. The Oklahoma Medical Marijuana Authority (OMMA), in conjunction with law enforcement agencies in Ponca City and Kay and Osage counties, seized or embargoed roughly 14,000 plants and 4,850 pounds of cannabis, The Oklahoman reported. “This enforcement effort aligns with the strategic response to the supply and demand study we released in June, sending a strong message that illicit activity has nowhere to hide,” OMMA Executive Director Adria Berry said in a news release. “This effort…
[ad_1] A rule banning third-party advertising and marketing services in New York’s fledgling adult-use marijuana market is being challenged in court. Cannabis e-commerce platform Leafly Holdings is the principal in a lawsuit against New York’s Office of Cannabis Management (OCM) in Albany County state Supreme Court, according to Spectrum News 1 in Buffalo. The lawsuit also includes Stage One Dispensary in Rensselaer and a marijuana consumer as plaintiffs, Leafly told MJBizDaily via email. The suit claims the OCM unfairly targeted so-called “third-party platforms” such as Leafly in adopting regulations that hamstring the industry and restrict retailers’ ability to market and promote…
[ad_1] Workers at a Curaleaf Holdings marijuana store in central Phoenix went on a daylong strike Friday to protest a wrongful termination and operational policies, organizers told MJBizDaily. In conjunction with the strike, the United Food and Commercial Workers (UFCW) Local 99 held a rally and news conference outside the store, urging the New York-based marijuana multistate operator to reinstate a fired worker and advance union contract negotiations. Employees at Curaleaf Midtown voted in June 2022 to unionize but have yet to finalize a contract, according to a news release. The National Labor Relations Board, an independent federal agency that…
[ad_1] California cannabis regulators sent warning notices demanding that state-licensed testing labs accurately report test results or face stiff penalties, including potential license revocation. The Department of Cannabis Control’s Lab Division is initiating onsite inspections and confirming test results on flower and other cannabis products that already passed testing, according to an email notification that was sent Thursday to accredited labs and obtained by MJBizDaily. “Randomly testing off-the-shelf products will continue to provide consumers with the confidence that the cannabis products they purchase have been tested and those test results are accurate,” DCC Director Nicole Elliott told MJBizDaily via email…
[ad_1] The Oklahoma Supreme Court declined to hear arguments challenging a new law that significantly raises fees for medical cannabis operators. Filed in late June, the petition will now be sent to district court in Oklahoma County, The Oklahoman reported. The petition – filed by Jeb Green, founder of Oklahomans for Responsible Cannabis Action, as well as the Bingo 101, Oklahoma Natural Cures and Pharside dispensaries – claims the new fee structure violates the state constitution and is a “revenue-raising tax disguised as a fee.” The challenge also alleges the bill wasn’t passed through the three-fourths majority required by state…