Chris Furnari - Dec 05, 2019
Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.
Chris Furnari - Dec 04, 2019
Even as major U.S. cannabis companies like MedMen, Pax Labs and others have announced large-scale layoffs impacting hundreds of workers, the U.S. cannabis industry is poised to become a significant jobs creator in the coming years. According to Vangst, a cannabis recruiting agency, the number of available cannabis jobs have increased by 79% over the last year.
THCnet Staff - Dec 02, 2019
In an interview with THCnet, Theory Wellness VP Matt Gamble discusses his experience in the marijuana business, and shares his thoughts on why other CPG professionals should consider a career in cannabis.
Chris Furnari - Nov 29, 2019
A recently formed Washington D.C. trade association founded by a pair of Beltway veterans is hoping to be the voice of hemp industry stakeholders across the U.S. Launched by Chris Thorne and Scott Graves on October 30, the Hemp Federation of America is the brainchild of a small group of hemp farmers, processors and other farm services providers.
Chris Furnari - Nov 26, 2019
Chicago’s Cresco Labs today said it would sell two cultivation and processing properties to Innovative Industrial Properties, and terminate the previously announced acquisition of Florida’s VidaCann Ltd. In a press release, Cresco Labs CEO and co-founder Charlie Bachtell said the moves would add about $158 million to the balance sheet.
Chris Furnari - Nov 25, 2019
The U.S. Food and Drug Administration (FDA) wants cannabidiol (CBD) users to know that the popular additive found in everything from bath salts to beverages could be harmful. On Monday, the agency sent warning letters to 15 companies that it said were illegally selling products containing CBD
Justin Biel - Nov 25, 2019
Keef Brands, a Colorado cannabis company best known for its THC-infused sodas, has embraced the power of partnerships as it looks to grow the market for drinkables. The company has inked a handful of deals and expanded its reach into multiple markets across the country.
THCnet Staff - Nov 22, 2019
In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.
Chris Furnari - Nov 20, 2019
In a historic moment, the U.S. House Judiciary Committee on Wednesday approved a bill by a vote of 24-10 that would decriminalize marijuana at the federal level and create a 5% tax on all cannabis products.
Tara Nurin - Nov 18, 2019
After learning that BrewDog-branded CBD beverages would be too disruptive to the brewery’s core mission, former craft beer executive Tanisha Robinson decided to strike out on her own and launch W*nder (pronounced “wonder”), a sparkling CBD-infused water brand based in Columbus, Ohio.
Chris Furnari - Nov 17, 2019
The U.S. House Judiciary Committee will hold a markup of the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act of 2019 on Wednesday, the panel announced today.
Chris Furnari - Nov 17, 2019
In a drastic attempt to lower costs and boost profitability, embattled multi-state marijuana company MedMen will lay off 190 employees and sell its stake in a cannabis real estate investment trust (REIT), among other right-sizing maneuvers.