Disbarred Lawyer Cons Investors Out of $18 Million
BEVERLY HILLS, Calif. – A disbarred lawyer with multiple previous fraud convictions admitted to bilking investors out of $18.4 million to fund a nonexistent hemp...
Delinquent Payments Topped $3.8 Billion in 2023
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research...
Youngkin Kills Adult-Use Cannabis Retail Bill in Virginia
RICHMOND, Va. – Virginia Gov. Glenn Youngkin vetoed a bill this week that would have established a framework for creating an adult-use retail marketplace...
New York Waives Cannabis Cultivator Licensing Fees
ALBANY, NY – The East Coast state that easily should dominate the region’s legal cannabis market has suffered through enormous regulatory roadblocks and a...
Cannabis Industry on Track to Deliver 800,000 American Jobs by 2028
SAN DIEGO, Calif. – The domestic job market is expected to grow by nearly 50 percent over the next five years, with an equally...
Gov. Hochul Puts New York’s Cannabis Licensing under Review
ALBANY, NY – In her latest move to address the sluggish pace of cannabis licensing in New York, Governor Kathy Hochul initiated a comprehensive...
Stocks Slide As Fears about DEA Dissent Boil Over
NEW YORK – An exchange-traded fund (ETF) that tracks some of the largest multistate operators (MSOs) fell nearly 17 percent during the first two...
Cannabis Took Center Stage at Biden’s State of the Union Address
WASHINGTON – For the first time in 234 years, the American president's State of the Union Address (SOTU) praised cannabis reform efforts, reminding Americans...
Glass House Brands Faces New Legal Troubles Over Labor Violations
LOS ANGELES – The California cultivator accused of fueling the illicit market in an ongoing legal battle is now facing a potential class-action lawsuit...
86% of Employers Plan to Hire More in 2024, but Benefits, DEI Declining
DENVER – Following two years of radical corporate downsizing as consumers returned to pre-COVID spending levels and investment dollars evaporated, the cannabis industry is...
