California: Page 44

Cannafornia CEO and Investors Enter Ugly Legal Battle

A California cannabis CEO and his company’s Russian investors file lawsuits against one another claiming elaborate schemes of theft, fraud and libel.

UPDATED: Cannabis Businesses Targeted in Looting and Robberies

Dozens of dispensaries across the country reeling from thefts and break-ins amid protests.

California Offers License Fee Deferrals to Cannabis Businesses, Massachusetts Adult-Use Dispensaries Prepare to Reopen with Curbside Pickup: Week in Review

This week, California regulators unveiled a plan to defer license fee payments for 60 days to provide financial assistance to cannabis licensees affected by the COVID-19 pandemic.

DNA Genetics Renames ‘Miss USA’ Cannabis Strain ‘Miss DNA’

The move is intended to clear up any confusion with the Miss USA beauty pageant.

California Regulators Offer 60-Day License Fee Deferrals to Cannabis Businesses During COVID-19 Pandemic

The deferrals, which apply to businesses with state licenses that expire between now and June 30, are meant to provide financial assistance to licensees affected by the coronavirus crisis.

U.S. House Includes SAFE Banking Act in New COVID-19 Relief Bill, Montana Cannabis Legalization Campaign Launches Signature Drive: Week in Review

This week, House lawmakers included legislative language from the SAFE Banking Act in new legislation aimed at economic relief amid the coronavirus pandemic.

Arvin, Calif., Votes Unanimously to Adopt Hemp Ordinance After Publicized Destruction of Local Crop

The 5-0 vote signals a concerted effort by city officials to work with the industry and related institutions in a county that has halted multiple cannabis operations over the past year.

Newly Released Memo Advises DEA to Change Cannabis Research Regulations, Minnesota Lawmaker Introduces Adult-Use Legalization Bill: Week in Review

This week, a 2018 memo surfaced, indicating that the Drug Enforcement Administration’s practices have been non-compliant with international drug laws for decades.

Former Green Growth Brands Executive Peter Horvath to Run Hightimes Holding Corp.

Following former CEO Stormy Simon’s exit, Horvath will preside over the publishing company’s pivot to retail.

California Releases Proposed Rules for Organic Cannabis Certification

Public comment on the regulations will be accepted through July 7.

Illinois Delays Awarding New Cannabis Dispensary Licenses, Canopy Growth Lays off 200 More Workers: Week in Review

This week, Illinois regulators planned to issue 75 adult-use dispensary licenses, but instead announced that they will now wait until the governor’s disaster proclamation expires.

Navigating Vulture Investment

Investment companies looking to buy distressed assets have entered the cannabis market, and the global pandemic set the playing field in their favor.

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