Oregon marijuana Archives

John SchroyerOctober 23, 2023

Cannabis crops have suffered far fewer catastrophic events than recent years.

John SchroyerSeptember 19, 2023

Cannabis businesses argued that the requirement is onerous, expensive, and unnecessary.

StaffJuly 17, 2023

The Daily Hit is a recap of the top financial news stories for July 17, 2023.

On The Site

Colorado Cannabis Sales Continue Falling

In May, Colorado marijuana sales continued to plummet as a statewide industry slump hammers businesses, with sales hovering near their lowest point in four years. Read more here.

Green Thumb Industries Worker Dies at Illinois Facility

An employee of Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) died recently while on the job at a grow operation in Rock Island, Illinois, raising additional questions about worker safety in the cannabis industry following another worker death last year in Massachusetts. Read more here.

New Study Says Patients May Stay on Depression Meds While Taking Psilocybin Therapy

Compass Pathways (Nasdaq: CMPS) has revealed positive results from a phase 2 clinical trial investigating the use of its synthetic psilocybin treatment, COMP360, alongside daily SSRI antidepressants in treating persistent depression, the company announced Monday. Read more here.

Former Curaleaf Exec to Head iAnthus Amid RICO Suit, Alleged Mismanagement

Amid a pending lawsuit and serious allegations of funds misappropriation, Canadian producer iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCPK: ITHUF) has appointed Richard Proud as its new chief executive officer and director on the board of directors. Read more here.

SEC Seeks Judgment in Former cbdMD CEO’s Fraud Case

Fund manager Martin Sumichrast looks like he admitted his guilt in a fraud case while simultaneously claiming through his lawyers that the claims were outrageous, according to a report in Law360. Read more here.

New Markets Within California Staggeringly Slow to Open

The California marijuana business landscape remains one of the toughest in the nation, and over the past three years one of the areas in which industry advocates had placed much of their hopes – repealing city-level bans on cannabis commerce – has made barely any gains, despite a flurry of victorious pro-marijuana ballot measures and ordinances. Read more here.

In Other News

Missouri

Less than a year after recreational marijuana first hit the shelves in Missouri, the state is cracking down on just how appealing marijuana product packaging can be. New rules, governing the number and types of colors, symbols and text that can be displayed on marijuana products, go into effect next year. Read more here.

Oregon

Many Oregon marijuana industry insiders say the entire business is a “wreck,” with most businesses losing money and wholesale prices in a tailspin. Read more here.

Congress

Democratic senators are seeking to pass a series of marijuana reform amendments, including a proposal to legalize medical cannabis for military veterans, through a must-pass defense bill that’s set to be considered this week. Read more here.

John SchroyerMay 22, 2023

Curaleaf will pay $100,000 into a fund for affected consumers.

John SchroyerMay 1, 2023

Other state lawmakers had criticized the business arrangement.

StaffApril 20, 2023

The Daily Hit is a recap of the top financial news stories for April 20, 2023.

On the Site

More Cannabis Investments Busted

Unsuspecting investors trusted these cannabis companies which they now accuse of fraud. The desire to be a part of the cannabis industry and promises of quick and hefty returns have caused many investors to lose their money. Read more here.

Police Pilot Roadside Cannabis Test in Missouri

A neuro-diagnostic company, Oculogica, said it has launched a pilot program to trial a new roadside cannabis test that supposedly provides immediate results, with a wider release slated toward the end of the year. Read more here.

Oregon Issues First Licenses For Psilocybin Facilitators

Oregon Health Authority (OHA) released a statement on April 18 noting that the authority had licensed the state’s first three facilitators for providing psilocybin services. Read more here.

GRN Holdings Completes Acquisition of Mendocino Green

GRN Holding Corporation, Inc. (OTC Pink: GRNF) has completed the purchase of Mendocino Green Inc, which includes a cultivation license, nursery license, and distribution license from one of the oldest cannabis license holders in California. Read more here.

Massachusetts Company Flips the Script on 4/20

April 20 may be the biggest sales day of the year for the vast majority of cannabis retailers, but Temescal Wellness is placing its priorities on employee mental health rather than profits for this year’s marijuana holiday. Read more here.

In Other News

Dutchie Outage on 4/20

Technology platform Dutchie, which provides point-of-sale (POS) hardware for cannabis retailers across the United States, reported interruptions and outages on Thursday – the unofficial marijuana holiday 4/20 and one of the biggest sales day of the year in the industry. Read more here.

Illinois

The marijuana industry in Illinois is expanding with more dispensaries set to open, but some workers are asking lawmakers to fix some of the rules. Read more here.

Minnesota

A bill in the Minnesota Legislature to legalize adult-use cannabis appears to be nearing the finish line, with a vote apparently in the state House slated for Monday. Read more here.

John SchroyerSeptember 23, 2022