Oregon Cannabis License Moratorium: Almost There March 18, 2024 AggregatedNews Uncategorized 0 Comments By Vince Sliwoski, Managing Partner of Harris Sliwoski It looks like a permanent Oregon cannabis license moratorium will finally take effect. I say “looks like” because key contingencies are still in play and, although things look promising, it could also get… Read More→
Connecticut’s recent cannabis shortage is a supply vs. demand issue, officials say January 29, 2024 AggregatedNews Connecticut, Uncategorized 1 Comment Several cannabis companies have recently sent emails to their customers, telling them there has been a shortage of cannabis flower, the plant material used to roll joints. “We are currently facing a flower shortage in the state due to limited… Read More→
The immediate impact of 280E on cannabis companies’ DCF valuations January 22, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments, Uncategorized 0 Comments By Lane Bruns, ICANIVEST Executive Summary and Results This article identifies the variables in the DCF (discounted cash flow) valuation model that will immediately change if and when cannabis is rescheduled to a Schedule 3 or below drug. It also… Read More→
Colorado Springs marijuana dispensaries closing after failure of recreational sales question January 15, 2024 Rob Meagher Colorado, Uncategorized 0 Comments Since voters declined to legalize recreational marijuana sales in Colorado Springs in November 2022, dispensaries in town have started to close as proponents of the ballot question predicted. The number of medical marijuana dispensaries in town is down from 114… Read More→
Former lawmaker who led Michigan marijuana board is sent to prison for bribery September 29, 2023 AggregatedNews Michigan, Uncategorized 0 Comments GRAND RAPIDS, Mich. (AP) — A man formerly known as a powerful Michigan lawmaker was sentenced Thursday to nearly five years in federal prison for accepting bribes as head of a marijuana licensing board. Rick Johnson admitted accepting at least $110,000 when… Read More→
Purchase Influence: Beyond Price-Consciousness and into Premium September 18, 2023 Madeline Scanlon Marketing, Uncategorized 0 Comments By Maddy Scanlon Ask anyone in the cannabis industry, and they’ll tell you – consumers are influenced by price. Call it price-consciousness, the “race to the bottom,” or blame inflation – there is a clear phenomenon of cannabis fans seeking… Read More→
Marijuana and hallucinogen use, binge drinking reached historic highs among adults 35 to 50 August 18, 2023 AggregatedNews News & Insights, Uncategorized 0 Comments NIH-funded study also shows younger adults reported marijuana, vaping, and hallucinogen use at or near historically high levels. Past-year use of marijuana and hallucinogens by adults 35 to 50 years old continued a long-term upward trajectory to reach all-time highs… Read More→
NY’s legal weed sales aren’t raking in cash as predicted. How much has sold so far? August 3, 2023 AggregatedNews New York, Uncategorized 0 Comments As New York cracked down on unlicensed cannabis shops, sales of legal marijuana grew to reach a total of $33 million during the industry’s first six months, state records show. But the legal cannabis marketplace, which launched in January, remains far… Read More→
Cannabis Receiverships Are Coming to California July 20, 2023 AggregatedNews Bankruptcy, California, Uncategorized 0 Comments By Griffen Thorne, Attorney at Harris Bricken California’s cannabis industry is a mess. Between the rampant illegal market, onerous taxation, unnecessarily complicated regulations, debt defaults, and a host of other factors, things have never been worse. Businesses big and small are imploding. Without federal bankruptcy protection,… Read More→
California Cannabis Credit Crunch May 30, 2023 Hilary Bricken California, News & Insights, Uncategorized 0 Comments By Hilary Bricken, Principal, Harris Bricken The California cannabis market is truly struggling all the way around. Cannabis businesses and those who work with them closely face mounting financial pressure. Because of the credit crunch in California cannabis, the state… Read More→
Marijuana harms development in first trimester of pregnancy, study finds May 16, 2023 AggregatedNews News & Insights, Uncategorized 0 Comments If you are pregnant and use any form of cannabis product, consider stopping. That’s the takeaway from a new study that found a significant health impact of marijuana use on fetal development as early as the beginning of pregnancy. “That’s… Read More→
Verano COO Darren Weiss Talks About How the Company is Navigating a Tight Capital Market May 11, 2023 Brian MacIver Company Stories, Multiple State Operators, Uncategorized 0 Comments In its Q1 2023 earnings report announced on May 10, multi-state operator Verano Holdings presented an image of a company that has been navigating difficult market conditions with intention. As it tightened its belt on selling, general, and administrative (SG&A)… Read More→
Secretary of State Shemia Fagan Is Working as Private Consultant to Troubled Cannabis Couple April 28, 2023 AggregatedNews News & Insights, Uncategorized 0 Comments Fagan took on the work even as her auditors were examining the OLCC’s handling of the cannabis industry. In a remarkable turn of events, Oregon Secretary of State Shemia Fagan confirms in response to questions from WW that she entered… Read More→
Beshear signs bill raising legal age to buy marijuana alternative in Kentucky March 23, 2023 AggregatedNews Uncategorized 0 Comments Kentucky Gov. Andy Beshear signed a bill into law Thursday to make it illegal for people under age 21 to buy products containing delta-8 THC, a marijuana alternative. The bill, which passed unanimously through the legislature this month, also bars… Read More→
Buying a Cultivation Site? Don’t Get Burned on a Fire Sale February 15, 2023 Ryan Douglas Cultivation, News & Insights, Uncategorized 0 Comments Industry experts anticipate that 2023 will be a year marked by extensive mergers and acquisitions. Cannabis companies that need to sell their cultivation assets could pose an excellent buying opportunity for competitors looking to expand their cultivation capacity for pennies… Read More→