Business Issues/Benchmarks: Page 73

Washington Regulators Seize 5,000 Cannabis Plants, Suspend License

The state’s Liquor and Cannabis Board took emergency action against a Port Angeles operator for allegedly partaking in criminal activity.

Broadcasters Might Finally Be Able to Advertise Cannabis, But Will They Want To?

While Congress is considering a provision that would open up TV and radio advertising for cannabis companies, it’s likely just the start of a much longer discussion on how industry ads should be regulated.

RIV Capital Completes Final Closing of Previously Announced Etain Transaction

The transformative transaction establishes a foundation for the company’s platform as Etain is one of only 10 vertically integrated operators in New York.

Georgia Court of Appeals Will Take Up Challenge to Medical Cannabis Licensing Process

Regulators granted licenses to two companies in September, but a legal challenge quickly followed, again stalling Georgia’s medical cannabis program.

Trulieve Layoffs Continue, Now in Pennsylvania

The Florida-based multistate cannabis operator announced the cutbacks at its McKeesport cultivation facility within the Pittsburgh metropolitan area.

Asia Welcomes First US Cannabis Edibles Brand

U.S.-based Sunderstorm and Thailand-based THCG Group have partnered to produce Sunderstorm’s line of KANHA Nano gummies.

New York Governor Signs Legislation to Expand Market Opportunities for Hemp

The legislation is designed to promote the use of industrial hemp cultivated in New York for use in other industries such as construction, food, fiber, packaging, and more.

USDA Grants Tennessee State University Nearly $5 Million for Hemp Fiber Research

The project is designed to “promote the value of market development to a cross-section of production agriculture, including small, medium, and underserved producers across the state of Tennessee.”

MariMed Appoints Jon Levine as Interim Chief Executive Officer

The multistate cannabis operator’s appointment comes days after CEO Robert Fireman died.

Michigan Cannabis Flower Dips Below $100 an Ounce For First Time

The race to the bottom continues in the state’s adult-use market, where flower demand remains on the rise as retail prices hit an all-time low.

Deadline Extended for Hemp to be Tested by DEA-Registered Labs

The USDA delayed the testing deadline due to there being an “inadequate” number of DEA-registered testing facilities.

Louisiana Lawmaker Urges State Attorney General to Permanently Allow Patients to Access Medical Cannabis Through Telemedicine

Doctors were able to recommend medical cannabis to patients through telemedicine appointments during the COVID-19 pandemic, but the provision has since become less clear.

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