From Legacy to Legal: Black History Month
Marijuana Industry News February 21, 2023
In 1997, Kyle Paige, now a cultivation technician at Ascend Wellness Holdings (AWH) in New Jersey, was incarcerated for cannabis possession. Paige served 2 1/2 years in prison. Shortly after he was released, he moved to Kansas City, Mo., where he was offered an opportunity to trim cannabis for... Read more
Washington Senators Strip Psilocybin Bill Of Major Provisions, With Advocates Blaming Governor
FeaturedMarijuana IndustryMarijuana Industry News February 21, 2023 0
A Washington State Senate committee approved a massive overhaul to a psilocybin services bill on Thursday, gutting sections that would have legalized use of the psychedelic drug by adults—and reform advocates in the state are blaming the governor for being behind the move. As originally filed last month, SB... Read more
NJ cops shielded from cannabis testing (Newsletter: February 21, 2023)
Marijuana IndustryMarijuana Industry News February 21, 2023 0
WA psilocybin bill gutted; VA marijuana 280E tax reform killed; Briefs in DEA psychedelic scheduling lawsuit Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible…... Read more
Where Presidential Candidate Nikki Haley Stands On Marijuana
FeaturedMarijuana IndustryMarijuana Industry News February 21, 2023 0
The 2024 presidential election cycle is already heating up, with former South Carolina Gov. Nikki Haley (R) announcing that she’s seeking the Republican nomination. So where does she stand on marijuana policy issues? That’s a question that will be asked of all major candidates over the coming months as... Read more
Is This The “Golden Ticket” For Social Equity Entrepreneurs?
Marijuana Industry News February 20, 2023 0
Access to capital and lack of business know-how are blocking many social equity entrepreneurs from entering and succeeding in the cannabis industry. Many inexperienced entrepreneurs are being lured to the new era of cannabis in search of lucrative opportunities. State governments, private companies, and non-profits are working hard to... Read more
Delays in NY’s cannabis roll out hurt plans for small business investors
Marijuana Industry NewsNew York February 20, 2023 0
Some industry hopefuls paid close attention each time regulators announced new dates. They were left with whiplash. ALBANY — Jeff Collins and his wife had big early plans to open their dream dispensary. But nearly two years after recreational cannabis was legalized in New York, most of the regulations... Read more
As Missouri marijuana businesses cash in, small Black-owned shops are stuck in limbo
Marijuana Industry NewsRecreational Marijuana February 20, 2023 0
When Missouri allowed the first dispensaries to begin selling marijuana earlier this month, Andrew McDowell was frustrated. Although he was happy for his community to finally have access to recreational weed, his Black-owned smoke shop in Raytown still can’t sell it. And he won’t know for months whether he’ll... Read more
Paybotic Is Quietly Building a Financial Services Ecosystem for the Cannabis Industry
Marijuana Industry News February 20, 2023 0
Based in West Palm Beach, Florida, where it recently celebrated the relocation of its corporate headquarters, financial services provider Paybotic has been focused on the cannabis and hemp industries since 2013, when it serviced its first cannabis merchants in Colorado’s budding legal marketplace. Paybotic slipped quietly but reliably into... Read more
5 Cannabis Laws to Watch This Year
Marijuana Industry News February 20, 2023
As we closed out 2022, we saw the federal government pass its first standalone cannabis law, the Medical Marijuana and Cannabidiol Research Expansion Act, with more possible federal reform on the horizon. On the state level, the industry has seen an ever-increasing push for additional medical and/or adult-use legalization... Read more
MedMen Continues Restructuring Efforts Amidst 34% Payroll Reduction
Marijuana Industry News February 20, 2023
LOS ANGELES, Feb. 17, 2022 – PRESS RELEASE – MedMen Enterprises Inc., a cannabis retailer with operations across the U.S., continues to make progress in its restructuring efforts. Efforts to date have been effective, resulting in a return to positive adjusted EBITDA and a 34% reduction in payroll costs across... Read more
