California: Page 12

Agrify Corp., Nature’s Miracle Terminate Planned Merger Under Mutual Agreement

The termination marks a U-turn from a signed definitive agreement announced just four days earlier.

Green Horizons Opens Initial 100K Square Feet of Mega Cannabis Cultivation Facility in California

State Treasurer Fiona Ma attended the company’s ribbon cutting for the first phase of its 1-million-square-foot cultivation campus in Coachella.

Leading Cannabis Brand STIIIZY Expands Retail Presence With Fresno Location Opening Saturday, May 11

The company's new Fresno, Ca., retail location will be the 34th retail location for the cannabis brand.

California City in Cannabis Retail Desert Welcomes 1st Dispensary

Embarc opened the first cannabis store in Madera, located in the state’s Central Valley just outside Fresno.

California Governor Directs State Departments to Issue Notices on ‘Illegal Hemp Products’

Gov. Gavin Newsom called on the Public Health and Alcoholic Beverage Control departments to take action to help protect the state’s youth.

MedMen CFO, Directors Resign as Company Enters Bankruptcy Proceedings; Delisting Expected

The cannabis company, which has subsidiaries across the U.S., announced its assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act.

California County to Lower Cannabis Cultivation Tax as Outdoor Flower Price Drops to $277 Per Pound

The tax rate per square foot is set to decrease for outdoor, indoor and mixed-light cultivation in Sonoma County’s unincorporated areas; retail tax will increase.

The State of Federal Cannabis Reform Leads CBT’s Most-Read Articles in April

4/20 deals and events, California tax defaults, and nationwide municipal opt outs also highlighted Cannabis Business Times’ most popular stories this month.

California Cannabis Drivers Reach Tentative Union Deal With Eaze, Avert Potential Strike Ahead of 4/20

After nine months of negotiations, the UFCW-represented workers agreed on a three-year first contract.

California

15% of California Cannabis Businesses Default on Taxes as 2025 Hike Comes Knocking

With nearly a quarter-billion dollars of 2023 cannabis taxes in default, the state’s market could corrode further with an excise tax increase to 19%.

500-plus Eaze Cannabis Delivery Drivers Threaten to Strike Ahead of 4/20

The workers, represented by four local chapters of the UFCW, recently rejected the company’s ‘final’ contract offer after months of negotiations.

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