Flow Kana isn’t the only cannabis company forced to make cuts. In recent weeks, companies like Eaze and Weedmaps have also laid off part of their workforce.
“It almost feels like an epidemic of companies of similar size going through similar processes,” Steinmetz said.
The layoffs reflect challenges in California’s fledgling recreational cannabis industry. Voters legalized recreational marijuana in 2016, with sales beginning in 2018. Continue reading “‘Epidemic’ of Layoffs in California Marijuana Industry”
Medical marijuana firms are continuing to flock to the island, with the latest investments announced by Cansortium, Columbia Care and Bhang.
Cansortium recently announced that it was opening its second Fluent medical marijuana dispensary in Puerto Rico. Columbia Care is set to launch “vertically integrated operations” on the island, including a dispensary in San Juan and a cultivation and manufacturing facility in Cidra. Bhang, meanwhile, has signed a deal to distribute its more than 25 cannabidiol (CBD) brands to the island. Continue reading “Medical Marijuana Companies Continue Expanding in Puerto Rico”
When Margeaux Bruner looked into the possibility of getting a license to enter the blossoming marijuana industry, she realized she would face some barriers that might be impossible to overcome.
The Novi resident has bachelor’s and master’s degrees and worked in the logistics industry, which would be handy skills if she was able to get a secure transporter license. But she also had gone through a divorce, which led to a bankruptcy that could be a disqualifying factor if she applied for a medical marijuana business license from the state. Continue reading “Minorities Find Themselves Almost Shut out of Michigan’s Marijuana Business”
When Illinois Gov. J.B. Pritzker signs legislation legalizing recreational marijuana later this month, it will set up a race for the Midwest.
Who gets to be first in the Midwest to kick off the market for legal weed and capitalize on a potential billion dollar industry, Michigan or Illinois? Continue reading “Michigan Could Face Competition after Illinois Legislature Approves Recreational Pot”
Lawmakers in New York are mounting a renewed and frantic push to legalize marijuana before the legislative session ends on Wednesday, even as debates about revenue and political blowback that doomed an earlier attempt have threatened to derail the effort again.
Staff members from the State Senate, Assembly and governor’s office met throughout the weekend, the first time they had engaged in three-way negotiations since the previous push fell short. Continue reading “Marijuana Legalization Isn’t Dead Yet in New York”
The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight.
Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing. And they’re thriving — they sell cheaper products than their legal rivals because they don’t charge hefty state and local taxes.
In a letter Monday, the industry group Southern California Coalition recommended the city consider seizing cannabis inventory and cash from illegal shops that are found to be selling tainted products. Continue reading “Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops”
Gov. Andrew M. Cuomo began lowering expectations on Tuesday for what state lawmakers may accomplish before leaving Albany on June 19.
The governor outlined an aggressive to-do list for the final four weeks of the legislative session, including legalization of marijuana and allowing driver’s licenses for undocumented immigrants. Cuomo also cast doubt on whether the state Senate shares his commitment. Continue reading “Cuomo Cites Marijuana Legalization as a Top Priority”
The cannabis industry in the U.S. has long been centered around states like Colorado and Oregon, but now, marijuana sales in Illinois and its neighboring states east of the Mississippi River are poised to rival those out west.
The U.S. cannabis market is staring down massive growth, with sales that are expected to reach $22.7 billion by 2023, including $16.8 billion in recreational sales, according to a report out Tuesday from Chicago-based cannabis research firm Brightfield Group. Political support is growing around legalization efforts, and medical programs are expanding around the country. Continue reading “East Coast Marijuana Market Could Rival Colorado’s in Coming Years”
When Gov. Phil Murphy came into office, he vowed to legalize marijuana within 100 days.
Now? It’s looking like weed may not be legalized until 500 days into Murphy’s tenure — at the earliest.
The push for New Jersey marijuana legalization hit a roadblock last month when scheduled votes on the bill to legalize weed were postponed. While the bill had enough votes to pass in the Assembly, the support wasn’t there in the Senate. Continue reading “Phil Murphy Sets May Deadline for New Jersey Legal Marijuana Vote, What’s Next?”
The group of white-haired folks — some pushing walkers, others using canes — arrive right on time at the gates of Laguna Woods Village, an upscale retirement community in the picturesque hills that frame this Southern California suburb a few miles from Disneyland.
There they board a bus for a quick trip to a building that, save for the green Red Cross-style sign in the window, resembles a trendy coffee bar. The people, mostly in their 70s and 80s, pass the next several hours enjoying a light lunch, playing a few games of bingo and selecting their next month’s supply of cannabis-infused products. Continue reading “More Seniors Seek Marijuana for Age-Related Aches”