SAFE Banking update, America COMPETES Act and cannabis legalization
SAFE Banking update, America COMPETES Act and cannabis legalization As cannabis legalization sweeps the nation, more and more people are looking to get involved in this growing industry. Banking is an often overlooked difficulty for many in the industry as access to banks willing to work with them are in short supply. Legislation is currently […]
Hemp company wins legal victory as court rules in its favor
Hemp company wins legal victory as court rules in its favor DEA’s decision could mean that hemp operators will have to increase their THC testing and compliance measures, in order to avoid federal prosecution. A federal court has ruled in favor of a hemp company, overturning the DEA’s classification of a cannabis extract as an […]
What this DEA case means for Hemp Operators and their Compliance Measures
What this DEA case means for Hemp Operators and their Compliance Measures The DEA is currently arguing in federal court that any THC levels above 0.3% are illegal, regardless of whether they come from hemp extractions. This case could have significant implications for the cannabis industry in the United States, as it may mean that […]
New York Releases First Adult Use Cannabis Cultivation Licenses | Provisional Cultivation Licenses
As part of its ongoing effort to implement a regulated adult-use cannabis program, today Governor Cuomo announced that the Cannabis Control Board approved 52 Adult-use Cannabis Conditional Cultivator Licenses. These are the first adult-use cannabis licenses granted in New York State and they advance the Seeding Opportunity Initiative. “New York’s legal cannabis program […]
How To Get a Dispensary License in New York | New York Cannabis Legalization
The new legalization of recreational cannabis in New York has caused quite a stir, with many people wondering how they can get involved in the new industry. One way to do this is to obtain a dispensary license, which will allow you to sell cannabis products to customers. How To Get a Dispensary License in […]
How To Get a Cultivation License in New York | New York Cannabis Licenses
How To Get a Cultivation License in New York | New York Cannabis Licenses As the legalization of cannabis for adult-use inches closer to becoming a reality in New York, individuals and businesses interested in getting involved in the industry are wondering what types of licenses will be available and how to go about obtaining […]
New Mexico’s Historic Opening Weekend of Cannabis Sales | New Mexico Cannabis News
New Mexico’s Historic Opening Weekend of Cannabis Sales | New Mexico Cannabis News Cannabis sales in New Mexico reached $4.5 million during the opening weekend of legal sales, making it a historic moment for the state. This is a huge success for New Mexico, which has been working towards cannabis legalization for many years. […]
Verbal Offers Aren’t Worth the Paper They’re Written On
Verbal Offers Aren’t Worth the Paper They’re Written On When it comes to cannabis businesses, verbal offers are not worth the paper they are written on. This is because cannabis businesses should always follow up verbal offers with a written email in order to avoid having deals ruined by people that will say anything. Additionally, […]
The Impact of the Delay on the New Jersey Economy
The Impact of the Delay on the New Jersey Economy The New Jersey Cannabis Regulatory Commission has delayed the adult-use market again, citing a lack of supply from current medical operators as one reason for the postponement. According to one multi-state operator, that shouldn’t be the case. In an exclusive statement provided by the NJ […]
Increase In Cannabis Net Sales For Cresco Labs in 2021
Cresco Labs Inc. announced its financial results for the three and twelve months ended December 31, 2021. The company reported strong revenue growth with total cannabis net sales reaching $118.9 million for the year, up from $33.8 million in 2020. This represented a 281% increase in cannabis net sales. Adjusted EBITDA was negative $3.5 million […]