Year: 2019

Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

MedMen’s retail store in Venice, California. (Photo by Lindsey Bartlett) MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically […]

The Case for Making “Drinksgiving” into “Green Wednesday,” Explained

It’s almost Thanksgiving time again and you know what that means — going back home to get grilled by your extended family, reuniting with old friends, and maybe getting blackout drunk.  Whether you call it “Drinksgiving,” “Blackout Wednesday,” or just getting trashed at your hometown bar, the night before Thanksgiving has become one of the […]

Cannabis layoffs, regulators scrutinize vitamin E acetate, MI adult-use launch looms

Layoff announcements continue to weigh on the marijuana industry, state regulators focus on vitamin E acetate additive in vaporizer products as the vape crisis continues, Michigan businesses set their game plans for a December adult-use MJ launch, and more of the week’s top cannabis news. Pink slips pile up  Three well-known California cannabis companies this […]

6 Weed Products to Help Cure Your Hangover, Just in Time for Thanksgiving

To many, Thanksgiving is a day in which you have a huge meal with loved ones to celebrate posterity and togetherness. But for others, however, the complexities that come along with the holiday — the historical inaccuracies, genocide it preempted, and the wildly uncomfortable interactions with the relatives we barely know — make Thanksgiving a […]

Cannabis cross-pollination from hemp could cost thousands

Cheshire Creek, an outdoor marijuana cultivation operation in Washington state, suffered financial damages due to cross-pollination of its plants inside the fence from a nearby hemp farm. (Photo courtesy of Cheshire Creek) Outdoor marijuana growers are reporting an increase in cross-pollination from hemp farms, a development that could mean MJ cultivators might lose upwards of […]

Western Australia cuts red tape for medical cannabis in boost for patients, industry

Australia’s western-most state is making it easier for patients to access medical cannabis. Western Australia announced yesterday that general practitioners will be allowed to prescribe medical marijuana without the need for referral to a specialist, bringing the state in line with other jurisdictions, including New South Wales, Queensland and Victoria. The state is expected to […]

Nevada marijuana mogul sues competitor for slander

Armen Yemenidjian, a big player in the Las Vegas cannabis industry, is accusing another prominent marijuana dispensary owner in the city of slandering him by saying he engaged in criminal activity, according to The Nevada Independent. Yemenidjian was part of a group that sold Nevada marijuana operations to Chicago-based Green Thumb Industries in a $290 […]

Emerald Triangle growers express confidence in market health

(This is a regular column that delves into the complicated issues surrounding California’s immense cannabis market from the vantage point of Marijuana Business Daily Senior Reporter John Schroyer. Based in Sacramento, he’s been writing about the cannabis industry since joining MJBizDaily in 2014.) After a turbulent transition into a legal market in 2018, marijuana cultivators and other cannabis companies in […]

The Number of People Who Abuse Weed is Decreasing. Legalization May Be Responsible.

Contrary to the expectations of public health experts, the rate of frequent marijuana consumers who are diagnosed with cannabis use disorder (CUD) is not increasing, a new study reports. In fact, it’s actually decreasing, and that may be due to the growing number of states that have legalized access to marijuana. According to the paper, […]

Missouri’s medical marijuana market draws thousands of applications

A rush of applicants – including several prominent multistate operators – are vying for plant-touching licenses in Missouri’s highly anticipated medical marijuana market. More than 2,200 applications were submitted for only 338 cultivation, manufacturing and dispensary licenses in the state, where annual sales could eventually reach $300 million. That translates to roughly one license for […]