Business Issues/Benchmarks: Page 132

Ethos Cannabis Expands into Ohio with Cultivation and Dispensary Acquisitions

Previously, Ethos’s footprint included retail and production operations in Massachusetts, Pennsylvania and Maryland.

Ohio House Committee Holds Fourth Hearing on Medical Cannabis Expansion Bill

Senate Bill 261, which the House Government Oversight Committee heard most recently on April 27, would streamline the medical cannabis business licensing process and allow physicians to recommend cannabis for any medical condition.

Virginia Lawmakers Reject Governor’s Cannabis Misdemeanor Proposal in Veto Session

The attempt by Gov. Youngkin was to establish new penalties for those in possession of more than 2 ounces of cannabis.

New Jersey Reveals Sales Figures for First Day of Adult-Use Cannabis

More than 12,400 customers spent roughly $150 per transaction when 12 state retail locations opened up for adult business last week.

Debt Markets and Cannabis Firms Find Each Other

Amid sagging equity valuations, growers find a ready funding source in private-placement bonds.

Kentucky Governor Signs Legislation Authorizing Cannabis Research Center at University of Kentucky

Gov. Andy Bashear used his line-item veto authority to expand the center’s work and allow more flexibility in choosing its oversight board.

Canopy Growth Announces Cost-Cutting Initiatives, Layoffs

The Canadian cannabis producer plans to cut 250 jobs as it further streamlines the organization in its quest to achieve profitability.

Alan Brochstein of New Cannabis Ventures, 420 Investor Recovering from April 15 Bicycle Crash

Brochstein was hit by a car while he was riding his bicycle. He suffered multiple bodily fractures that required operations in a Level 1 trauma facility.

Maine Governor Signs Legislation to Reimburse Cannabis Municipalities $20K

The money is to help cover expenses associated with opting into the state’s adult-use cannabis program.

Mississippi’s Third-Largest County Takes No Action on Cannabis Participation

The DeSoto County Board of Supervisors did not make any official decisions on medical cannabis but have one more meeting before the May 3 deadline.

Shay Mitchell Launches Bag Collection Made With Hemp

The Canadian actress and model said she was “immediately sold” on using hemp as a primary material to create The High Line bag collection.

Majority of North Carolina Voters Support Medical and Adult-Use Cannabis Legalization, Poll Shows

A WRAL News poll released this month revealed that 72% of the state’s voters are in favor of medical cannabis legalization and 57% support adult-use legalization.

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