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L.A. marijuana businesses seek hearings over expired city permits

January 6th, 2021A small band of the roughly 57 companies whose marijuana business permits expired on New Year’s Eve filed a lawsuit asking a California state judge to order Los Angeles officials to conduct an appeals process or at least a hearing over their licenses not being renewed. According to Law360.com, three licensed businesses – Paradise Factory, […]

New York governor presses again for legalizing recreational cannabis

January 6th, 2021New York Gov. Andrew Cuomo said Wednesday he will push for the state to legalize a commercial recreational cannabis program that provides “equitable” licensing opportunities and “reflects national standards and emerging best practices.” New York governor presses again for legalizing recreational cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for […]

Biden to tap Merrick Garland for attorney general, offering stark contrast to anti-cannabis AGs under Trump

January 6th, 2021President-elect Joe Biden has settled on Merrick Garland as his nominee for U.S. attorney general, multiple news organizations reported Wednesday, tapping a federal judge who is likely to be less hostile to the marijuana industry than President Trump’s top law enforcement officers. Biden to tap Merrick Garland for attorney general, offering stark contrast to anti-cannabis […]

CEO compensation at marijuana producer Hexo rises to CA$11 million

January 6th, 2021Total compensation for the top executives at struggling marijuana producer Hexo Corp. grew almost 20% year-over-year to 14.4 million Canadian dollars ($11.1 million) in fiscal 2020, led by the company’s CEO, according to a financial disclosure filed with the U.S. Securities and Exchange Commission last month. CEO Sebastien St. Louis’s compensation rose 26% to CA$11.2 […]

Zenabis, in cannabis merger talks, calls out Sundial over alleged takeover try

January 6th, 2021Troubled Canadian marijuana company Zenabis Global said it has entered exclusive merger talks with “another significant licensed cannabis producer.” Zenabis, based in Vancouver, British Columbia, said it wouldn’t disclose further details. Zenabis’ announcement in a Wednesday morning news release also included a swipe at competing producer Sundial Growers, which made a “strategic investment” on Dec. […]

Aurora Cannabis co-founder Terry Booth tapped to be CEO of US-based Australis

January 5th, 2021Eleven months after stepping down as CEO of the Canadian marijuana giant he co-founded, former Aurora Cannabis chief executive Terry Booth said he plans to return to the marijuana industry to head up a U.S.-based cannabis investment firm that is an Aurora spinoff. Booth’s widely publicized exit from Aurora – and now his new job […]

South Dakota attorneys warned against working with marijuana companies

January 5th, 2021The State Bar of South Dakota ethics committee warned attorneys in the state against taking cannabis businesses as clients, which could discourage lawyers from working with the industry there. South Dakota attorneys warned against working with marijuana companies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Arizona’s medical cannabis program slows as state gears up for recreational sales

January 5th, 2021As Arizona prepares to launch recreational marijuana sales in March, the state’s medical cannabis program is showing signs of a slowdown, with new patient applications dropping steadily since July. After launching, new recreational markets often trigger a shift away from medical marijuana sales, with MMJ customers migrating to an adult-use market that typically has fewer […]

Polish medical cannabis market growing rapidly but remains very small

January 5th, 2021The Polish medical cannabis market is growing rapidly, with imports through August 2020 more than doubling compared to 2019, Marijuana Business Daily has learned. This is believed to be the first time that accurate and updated import data about the Polish medical marijuana market has been publicly available. Access to aggregate market data measuring the […]

Major federal marijuana reform could hinge on outcome of two Georgia Senate races

January 5th, 2021All eyes are on Georgia and two runoff races Tuesday that will determine whether the U.S. Senate flips to Democrats, an outcome that could make the upper chamber more amenable to federal marijuana reform – perhaps even legalization. Potentially billions of dollars of business opportunities are at stake, depending on the scope and shape of […]

UFCW wins $75,000 settlement in California cannabis workers’ pay dispute

January 4th, 2021The United Food and Commercial Workers Union (UFCW) is claiming victory in a lengthy dispute with three California companies over employee wages at two cannabis shops that changed ownership hands multiple times in 2020. UFCW wins $75,000 settlement in California cannabis workers’ pay dispute is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness […]

Cannabis industry enters 2021 with fresh markets and greater possibilities amid continuing challenges

January 4th, 2021Let’s face it: As terrible as 2020 was for numerous business sectors, it was surprisingly good for the cannabis industry in multiple ways. And the good things that happened for cannabis in 2020 should carry into the new year, setting the stage for burgeoning markets and business opportunities in the United States and around the […]