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Tax hikes continue to hit the cannabis industry hard
Santa Cruz County is seeing a decline in its cannabis industry, with tax revenues falling far short of projections for the 2021-22 fiscal year. County officials say that current revenues of $1.68 million are lagging behind projections by more than $1 million, and by...
FinCanna Investee ezGreen Compliance launches ezGreen 2.0 to Manage Cannabis Compliance
FinCanna Capital Corp, a royalty company for the U.S. licensed medical cannabis industry announced its portfolio investee company, ezGreen Compliance (“ezGreen”), has launched its advanced “ezGreen Compliance 2.0” software solution. EzGreen as a cannabis technology...
L.A. opens licensing round amid waning interest among cannabis entrepreneurs
Los Angeles might be losing favor for marijuana entrepreneurs. Long considered the largest cannabis market in the world, and with an even larger customer base. On Tuesday L.A. opened its latest marijuana business licensing window. The application process is open to...
Canada’s Vivo Cannabis cuts jobs in push for positive cash flow
Toronto-based cannabis producer Vivo Cannabis Inc. is cutting 18% of its workforce, selling unspecified assets, and tweaking its leadership team as part of an effort to cut costs and achieve positive cash flow. The company said its job cuts will see roughly 45...
Marijuana company with unlicensed employees could lose its license
Two Nevada marijuana companies are facing hefty fines and a possible loss of their licenses as part of the latest round of complaints filed Tuesday by the state’s Cannabis Compliance Board. The new complaints are the latest since the board took over regulation of the...
Marijuana delivery plan for Massachusetts goes too far, lawmakers say
A handful of lawmakers from both sides of the aisle have asked that Massachusetts marijuana regulators to scrap the proposed delivery license system. Many cannabis advocates believe the delivery license would let operators buy marijuana wholesale from cultivators and...
Missouri launches medical marijuana sales; market could hit $650 million a year
Missouri’s medical cannabis market launched over the weekend, with a pair of retail outlets outside St. Louis seeing long patient lines. It was projected by state officials that state MMJ sales could hit an estimated $650 million a year by 2024. The limited market...
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