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Hundreds of California marijuana business licenses still suspended and likely going unused

by John Schroyer | Nov 22, 2019 | Cannabis Industry, Cannabis News

Almost 4% of California’s state marijuana business permits remain suspended weeks after regulators put more than 400 in limbo for not participating in mandatory track-and-trace system training. The number of suspended permits has fallen – but remains...

License revoked for California vape maker Kushy Punch after state seizes $21 million worth of products

by Bart Schaneman | Nov 22, 2019 | Business, Cannabis Industry, Cannabis News

California cannabis regulators have revoked the business license of well-known vaporizer brand Kushy Punch after the company was raided last month and found to be operating from an unlicensed facility. After receiving a complaint about illegal cannabis activity at a...

California marijuana taxes will increase New Year’s Day

by John Schroyer | Nov 21, 2019 | Cannabis News

After having avoided an increase in state taxes on legal marijuana, California officials changed course Thursday and announced MJ excise and cultivation taxes will go up effective Jan. 1. High state and local tax rates have been an industry problem that have made...

No one clear path around California marijuana industry’s major business woes, insiders lament

by John Schroyer | Nov 20, 2019 | Cannabis News

California’s cannabis industry continues to struggle with problems that remain much the same since early 2018 when the state transitioned to a legal market – and no clear solutions have yet emerged.  At a two-day marijuana industry conference in Long...

Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

by Bart Schaneman | Nov 15, 2019 | Cannabis Investing, Cannabis News

MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The...

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