Tag: CBT > News: Page 211

Mergers and Acquisitions
Cresco Labs Announces Mutual Agreement to Terminate Purchase Agreement with Tryke
The move frees up $55 million in capital to further invest in the company's organic growth pipeline.
April 28, 2020
Nevada
How Las Vegas' Planet 13 Shifted From Tourist Base to Locals Only
Planet 13's David Farris explains how the dispensary that once primarily served out-of-state visitors has transitioned to delivery-only and serving a new clientele during the coronavirus pandemic.
April 28, 2020
Planet 13's dispensary includes features that appeal to tourists, such as the glowing orbs suspended from the ceiling that move to music periodically during store hours.
Legislation and Regulation
Portland City Council Votes to Issue Temporary Cannabis Testing Lab Licenses
The move is an effort to ensure a quick launch of Maine’s adult-use market after the COVID-19 pandemic.
April 28, 2020
Lab Testing Adobe Stock Credit Alex Traksel Resized
Compliance
UC Davis Releases Report on California Cannabis Testing Costs
Researchers found that cannabis growers’ testing costs average $136 per pound.
April 28, 2020
Ucdavis
Industry Headlines
'Folio:' Names Cannabis Conference Directors ‘Top Women in Media’
Folio: magazine recognizes Editorial Director Noelle Skodzinski and Director of Conferences & Events Maria Miller as leading women in media.
April 28, 2020
noelle skodzinski
New Jersey
Adult-Use Cannabis Legalization Has Strong Support in New Jersey, According to New Poll
A poll conducted by Monmouth University found that 61% of respondents plan to vote in favor of a legalization initiative on November’s ballot.
April 27, 2020
Marijuana Budand Joint Adobe Stock Credit Ststoev Resized
Oklahoma
Oklahoma Governor Says Legalizing Adult-Use Cannabis Won’t Help State’s Budget Shortfall
Gov. Kevin Stitt said the state’s medical cannabis program “looks a lot like recreational,” and that a taxed and regulated adult-use program wouldn’t do much to boost tax revenue.
April 27, 2020
Oklahoma State Capital Building Adobe Stock Credit Justinbrotton Resized
Finance
Lawmakers Introduce House Bill to Extend Federal Aid to Cannabis Industry, Stay-at-Home Orders Keep 4/20 Sales Down: Week in Review
This week, Reps. Earl Blumenauer and Ed Perlmutter unveiled legislation that would allow cannabis businesses to access federal COVID-19 relief.
April 25, 2020
Us Capitol Building Closeup Adobe Stock Credit Mseisenhut Resized
Adult-Use Legalization Bill
How New York’s Etain is Serving Medical Marijuana Patients in the Epicenter of the COVID-19 Pandemic
The vertically integrated company has expanded delivery and discounts on 30-day supplies, in addition to following state social distancing and safety protocols.
April 24, 2020
Delivery demand at Etain's Manhattan location is high as residents maintain social distancing during COVID-19 pandemic.
Interviews & Opinion
Inside the DEA’s New Promise to Expand Cannabis Cultivation for Research
The Drug Enforcement Administration’s draft rules for the program have been met with mixed industry reactions, but Colorado-based MedPharm is encouraged by the progress.
April 24, 2020
Med Pharm Grow2 Resized
Legislation and Regulation
Lawmakers Introduce House Bill to Extend COVID-19 Relief Efforts to Cannabis Businesses
The Emergency Cannabis Small Business Health and Safety Act, introduced by Reps. Earl Blumenauer and Ed Perlmutter, would allow the legal cannabis industry to access federal aid.
April 23, 2020
United States Capitol Adobe Stock Credit Katherine Resized
Finance
Stay-at-Home Orders Keep 4/20 Sales Down This Year
Customers stocked up throughout the week leading up to the celebratory day, spreading purchases across a longer time frame.
April 23, 2020
420
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