Cannabist CEO David Hart on ‘Sweating the Assets’ February 20, 2024 Tom Hymes Company Stories, Multiple State Operators, News & Insights, Spotlight 1 Comment Cannabis Business Executive has covered New York-based Columbia Care (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) many times over the years, including lengthy profiles in late 2021 with co-founder Nicholas Vita, and in September of last year with then Chief Commercial… Read More→
Connecticut Flower Supply Remains Spotty – UPDATED February 13, 2024 Tom Hymes Connecticut, News & Insights 0 Comments We are midway through February, and while the availability of raw flower in Connecticut’s dispensaries has improved slightly, it has also settled into a hit-or-miss proposition that seems to depend on where you live. It is rare these days to… Read More→
Court Denies TROs; New York’s Adult-Use Rollout Can Continue February 9, 2024 Tom Hymes New York, News & Insights 0 Comments Three lawsuits that sought to yet again stop New York’s adult-use cannabis licensing program in its tracks have failed to move three different judges to that end. Orders filed in each case over the past week permit the program to… Read More→
Who Do You Call to Sniff Out Bad Cannabis Actors? February 6, 2024 Tom Hymes Compliance and Regulations, News & Insights, Security, Spotlight 0 Comments For anyone who has traveled the cannabis industry for any length of time, the risks associated with getting in bed with the wrong partners are about as acute as they can get, and truth be told, almost no one escapes… Read More→
The Challenge (and Opportunity) of Distressed Assets January 30, 2024 Tom Hymes Cannabis Investments, News & Insights, Spotlight 0 Comments The cannabis industry is at an interesting point in its journey towards a destination of which it remains clueless, and the stress of that obliviousness is becoming palpable. The result has been a surfeit of distressed cannabis assets, and with… Read More→
Variscite Hearing Friday, NY Regulators Are Sued Again (UPDATED) January 26, 2024 Tom Hymes News & Insights 1 Comment This Friday (1/26) marks the first hearing in Variscite NY Four et al v. NYS CCB et al, a lawsuit filed in December of last year that challenges New York’s cannabis residency requirements. Seeking an immediate cessation to licensing similar… Read More→
What Overturning Chevron Could Mean for Cannabis January 23, 2024 Tom Hymes Hemp Policy & Legal, News & Insights, Spotlight 0 Comments If the United States Supreme Court overturns the longstanding Chevron deference, which is not unlikely considering the mien of certain justices during recent oral arguments as well as a general antipathy to the doctrine that has developed over the years,… Read More→
The Local/National Focus of Timeless Refinery January 16, 2024 Tom Hymes Company Stories, Multiple State Brands, News & Insights, Spotlight 0 Comments Arizona-based Timeless Refinery, which celebrated its ten-year anniversary in 2023, is a self-funded multi-state lifestyle house of brands that owes its longevity to creating and sustaining a local following in every market it enters. As explained by President Josh Hirschey,… Read More→
SCOTUS Denies Certiorari to Dispensary Owner Seeking Citizenship (UPDATED) January 10, 2024 Tom Hymes Federal, Interstate Commerce, News & Insights, Spotlight 0 Comments Lost among the many, many cases denied certiorari by the United States Supreme Court in its order list for the week of Monday, January 8, 2024 was Reimers V. U.S. Citizen & Immigration Services, a case the plaintiff was desperately… Read More→
Final NY Regulator Meeting of 2023 Gets Testy January 2, 2024 Tom Hymes Compliance and Regulations, New York, News & Insights 0 Comments The emergency meeting of New York’s Cannabis Control Board (CCB) called for last Friday (December 29) started 20-minutes late, a seeming eternity, but that was forgotten as soon as the meeting began and it became clear that something was off… Read More→
BDSA Augurs Cautious Optimism for 2024 December 27, 2023 Tom Hymes News & Insights, Spotlight 0 Comments As 2023 ends, the focus of the cannabis industry shifts to 2024 and the trends that will determine the health of individual markets, specific market sectors, and the overall industry, which could possibly see movement at the federal level in… Read More→
Deadline for NY Adult-Use Applications Passes (UPDATED) December 19, 2023 Tom Hymes Compliance and Regulations, New York, News & Insights 0 Comments The 5pm ET deadline to submit applications for five license types for New York State’s adult-use cannabis market came and went yesterday, with a robust last-minute rush as anticipated. The license types – cultivation, processor, retail dispensary, distributor, and microbusiness… Read More→
Connecticut’s Captive Cannabis Market December 14, 2023 Tom Hymes Connecticut, News & Insights 1 Comment Wikipedia describes a captive market as “a market where the potential consumers face a severely limited number of competitive suppliers; their only choices are to purchase what is available or to make no purchase at all. The term therefore applies… Read More→
LeafLink Refocused (UPDATED) December 11, 2023 Tom Hymes News & Insights, Science and Technology, Spotlight, Supply Chain 0 Comments It has been about 18 months since Cannabis Business Executive profiled Artie Minson, who had just joined New York-based LeafLink after five years at WeWork, joining the executive team as the online cannabis wholesaler’s new president and chief operating officer.… Read More→
What’s in Store for 2024? December 7, 2023 Tom Hymes News & Insights 0 Comments As the industry waves goodbye to 2023 and the “tough times” that characterized it for so many cannabis companies, we are starting to receive predictions about what to expect in 2024, only this time few people are expressing any confidence… Read More→