Cresco Labs Co-Founder Joe Caltabiano Resigns
Cresco Labs Co-Founder Joe Caltabiano Resigns

Cresco Labs co-founder Joe Caltabiano has resigned as president, the Chicago-based multi-state operator confirmed Tuesday. In a press release, Cresco Labs said co-founder and CEO Charlie Bachtell, along with other members of the company’s leadership team, would assume Caltabiano’s management responsibilities.

CBD is Booming, But Industry Players Face Legal and Efficacy Challenges
CBD is Booming, But Industry Players Face Legal and Efficacy Challenges

Attempting to restrict Americans from using CBD is a “fool’s game,” according to FDA commissioner Stephen Hahn. Hundreds of companies aiming to capture a slice of a still-emerging category -- one that is defined by a murky regulatory framework and an immature body of scientific evidence -- have cropped up, infusing everything from beverages to bath bombs with CBD.

Vermont House Passes Bill to Legalize Commercial Cannabis Sales
Vermont House Passes Bill to Legalize Commercial Cannabis Sales

Vermont is poised to become the 11th U.S. state with a fully-legal commercial cannabis market. Earlier today, the Vermont House of Representatives gave its final approval to S. 54, a bill that would legalize, regulate, and tax adult-use cannabis sales for individuals 21 years and older. The final go-ahead comes one day after one day after the House voted 90-54 in favor of the bill.

Eaze Raises $35 Million, Plans to Launch Own Brands
Eaze Raises $35 Million, Plans to Launch Own Brands

Eaze, a California-based online cannabis marketplace and delivery service, has raised $35 million as it pivots toward a plant-touching business model and works to boost profits.

Vermont House Committee Advances Bill to Regulate and Tax Cannabis Sales
Vermont House Committee Advances Bill to Regulate and Tax Cannabis Sales

On Monday, the Vermont House Appropriations Committee narrowly advanced a bill (S. 54) by a vote of 6-5 that would legalize, regulate and tax adult-use cannabis sales for individuals 21 years and older. A full House vote on S. 54 is expected later this week.

NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce
NCIA Public Policy Director Andrew Kline on Descheduling Cannabis, SAFE Banking and Interstate Commerce

THCnet sat down with Andrew Kline, the National Cannabis Industry Association's director of public policy, during this week's Northeast Cannabis Business Conference to get his take on a myriad of issues -- including the chances of rescheduling cannabis, the timeline for legalization and how the NCIA approaches its lobbying efforts in Washington D.C.

The Cannabis Industry Wants SAFE Banking Act to Advance, But Concerns Remain
The Cannabis Industry Wants SAFE Banking Act to Advance, But Concerns Remain

Sen. Mike Crapo’s inbox is overflowing. Over the last month, the republican from Idaho -- who serves as the chairman of the Senate Banking Committee -- has received several letters concerning the Secure and Fair Enforcement (SAFE) Banking Act, which would protect financial institutions working with state-approved cannabis companies.

Legislative Roundup: Marijuana Measures Advance in Virginia and Kentucky, Stumble in New Mexico
Legislative Roundup: Marijuana Measures Advance in Virginia and Kentucky, Stumble in New Mexico

Here's the latest batch of cannabis legislation news at the state level: Virginia is on the verge of eliminating the threat of jail time for possessing small amounts of marijuana, and the Kentucky House of Representatives appears poised to pass a bill legalizing medical marijuana. Meanwhile, a Senate Judiciary Committee in New Mexico has tabled a bill that would have legalized recreational sales.

Cresco Labs Hires Former Molson Coors Marketing Executive
Cresco Labs Hires Former Molson Coors Marketing Executive

Chicago-based cannabis firm Cresco Labs is once again tapping into talent from the beer industry as it works to continue scaling its operations across the U.S. The vertically-integrated, multi-state operator today named former Molson Coors marketing executive Gregory Butler as its first-ever chief commercial officer. 

Cannabis Advocates Consider the Future of Social Consumption Establishments
Cannabis Advocates Consider the Future of Social Consumption Establishments

For years, bars and restaurants have served of-age customers their favorite alcoholic drinks. Meanwhile, cannabis consumption almost exclusively occurs in private, even in states that have legalized recreational sales. That’s because most states have been slow to establish and approve social consumption licenses. But as laws and attitudes loosen, on-premise consumption is slowly coming of age.

Leafly: US Cannabis Industry Created 33,000 Jobs in 2019
Leafly: US Cannabis Industry Created 33,000 Jobs in 2019

According to marijuana information firm Leafly, the U.S. cannabis industry added 33,700 jobs in 2019 even as many major cannabis firms have slashed hundreds of positions in search of profits. In its most recent jobs report, Leafly said the legal American cannabis market supported 243,700 full-time-equivalent positions as of January, 2020, up 15% from the previous 12-month period.

Aurora Cannabis CEO Steps Down as Firm Cuts 500 Jobs and Reduces Spending
Aurora Cannabis CEO Steps Down as Firm Cuts 500 Jobs and Reduces Spending

Aurora Cannabis Inc. co-founder Terry Booth is the marijuana industry’s latest executive casualty. The Alberta-based cannabis firm announced Thursday that Booth had stepped down as chief executive officer of the multinational marijuana firm. Aurora is he latest high-profile cannabis firm to announce a key executive change in recent months.

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