Business Issues/Benchmarks: Page 131

Jushi Holdings Awarded Provisional Medical Cannabis Dispensary License in Ohio

The new store will operate under Jushi’s retail brand, BEYOND / HELLO, and marks the company’s first retail location in the Buckeye State.

Santa Barbara County Board of Supervisors Votes Against Changing Cannabis Cultivation Tax

The current taxation system, which is based on the self-reported dollar value of the crops, will remain intact for now.

Washington Files Lawsuit Against Spokane Cannabis Retailer, Claims $300,000 in Unpaid Wages

The state’s Labor Department and attorney general’s office filed litigation last week with an original complaint from more than three years ago.

Canopy Growth Announces Plan to Acquire Jetty Extracts

The move broadens Canopy Growth’s portfolio of premium brands with significant opportunities to scale across North America.

Cresco Labs Announces First Quarter 2022 Results

The company reports 20% year-over-year revenue growth and 45% year-over-year adjusted EBITDA growth.

Where Does Your Crop Go?

Once harvested and processed, your CBD hemp crop—and what you make with it—is often shipped to a distributor. Distribution channel data shows how consumers are accessing it from there.

Flora Growth Appoints Holly Bell as Vice President of Regulatory Affairs

Bell joins Flora Growth after working as the Director of Cannabis for the Florida Department of Agriculture and Consumer Services.

More Than 20 Senators Urge Congressional Leadership to Include SAFE Banking Act in Pending Legislative Package

A group of 24 senators wrote a letter to Senate and House leaders May 12, encouraging them to include the cannabis banking reform measure in the final version of the America COMPETES Act.

22nd Century Group Acquires GVB Biopharma

GVB is one of the largest providers of hemp-derived active ingredients for the pharmaceutical and consumer goods industries worldwide based on total tonnage.

Verano Launches Mobile Applications, Exclusive Rewards Program For Zen Leaf and MÜV Cannabis Dispensaries

The applications and rewards programs aim to provide broader accessibility, deals and product information across 71 dispensaries in seven states.

Cresco Labs Announces Expiration of HSR Act Waiting Period For Proposed Acquisition of Columbia Care

The end of the 30-day waiting period brings the company one step closer to completing a roughly $2-billion deal by the end of the year.

UPDATE: California Governor’s New Budget Proposal Calls For Fewer Taxes, More Retail, New Method of Excise Tax Collection and Remittance

The revised proposal includes setting the cultivation tax at zero, moving the excise tax collection and remittance from distribution to retail, and funding jurisdiction to increase consumer access to legal cannabis.

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