Business Issues/Benchmarks: Page 390

Sequoia Labs Voluntarily Surrenders Testing License After State Inspection Finds Falsified Reports

Due to a ‘faulty instrument,’ the California testing lab was only testing for 44 of the required 66 pesticides.

CNBC: Marlboro Maker Altria in Talks to Buy Cannabis Company Cronos Group

Cronos has not agreed to any deal and there is no certainty it will do so.

MJardin Group Announces Investment in DNA Genetics

MJardin’s investment was part of a $35 million financing completed by DNA Genetics last week.

Cresco Labs Begins Trading on the Canadian Securities Exchange Under Ticker Symbol 'CL'

A new investors website launched at investors.crescolabs.com.

FSD Pharma Achieves Over 4 Billion Shares Traded in First 6 Months

The company has traded over four billion Class B subordinate voting shares in its first six months of trading on the Canadian Securities Exchange.

Robert Sampson Announces Holdings in Cresco Labs Inc.

Sampson holds and controls his shares of the company for investment purposes only.

Canopy Growth and Canopy Rivers Announce Completion of TerrAscend Restructuring

The companies have announced the closing of the previously announced restructuring transaction with TerrAscend Corp.

Tax Court Reinforces IRS Code 280E in Harborside Ruling

Cannabis dispensaries are no different than drug traffickers in the eyes of the IRS, according to U.S. Tax Court.

Utah Banks, Credit Unions Wary of Medical Marijuana Money

A Utah banking industry representative said the funds cannot go to banks, even when the state says medical marijuana is legal.

Michigan's Marijuana Tax Revenue Would Be Gutted by Lame Duck Bill

A bill proposed by outgoing Senate Majority Leader Arlan Meekhof would significantly change the voter-approved recreational marijuana program in Michigan.

Behind the Scenes With Swami Select: Cannabis Workspace

In this installment, CBT presents an up-close look at the tools and habits behind the Mendocino County farm.

Credit Union to Work With Alaska Marijuana Business in Pilot Program

That pilot program will offer services to marijuana businesses that include accounts, deposits and withdraws, and eventually hope to set up payroll operations.

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