Month: February 2019 (Page 29)

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The 32 businesses that an Arkansas panel approved to sell medical marijuana in the state have been formally awarded their licenses, with sales expected to start as soon as April. The businesses received their licenses after paying a $15,000 licensing fee and posting a $100,000 performance bond. Four dispensaries are beingContinue Reading

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Los Angeles has finally begun awarding its second round of cannabis business permits, with those licenses going to growers, edibles makers and other nonretail companies that have long been part of the city’s marijuana supply chain. The L.A. Department of Cannabis Regulation (DCR) on Jan. 24 “began to issue TemporaryContinue Reading

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4Front Advisors, part of the Arizona-based multistate marijuana firm 4Front Holdings, won an $8.7 million arbitration award against Nevada-based CWNevada and NuVeda for breach of contract in failing to pay fees for services provided. Kris Krane, 4Front Holdings’ co-founder and president, told Marijuana Business Daily the award validates 4Front Advisors’Continue Reading

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Since the Israeli cabinet’s approval of a law to allow for the export of medical marijuana, there has been a heady feeling in the country’s emerging cannabis industry. The law, approved by the cabinet on Jan. 26 after passing the Knesset in December, provides a licensing framework for Israeli companies to export cannabis andContinue Reading

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Chicago-based, multistate marijuana operator Verano Holdings announced it is moving into another state through the acquisition of a Massachusetts marijuana business. Verano said in a news release it has acquired 100% of Four Daughters Compassionate Care of Sharon, subject to review by Massachusetts regulators. Verano would not disclose the exactContinue Reading

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In mid-January, law enforcement authorities in Osage County, Oklahoma, believed they had on their hands the bust of a lifetime: 18,000 pounds of marijuana in a tractor-trailer, on its way from Kentucky to a buyer in Colorado, seized after a driver was foolish enough to run a red light. NobodyContinue Reading