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Canadian cannabis company Aleafia Health reports job cuts in latest quarter

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Ontario, Canada-headquartered cannabis company Aleafia Health said it cut its “full-time equivalent” staff headcount by 20% during the quarter ended Dec. 31 as part of a push to reduce expenses.

Aleafia did not specify in its Monday announcement exactly how many positions were cut during the quarter.

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The layoffs at Aleafia are the latest example of an ongoing trend in the regulated cannabis industry, leading to recent job losses at Aleafia’s Canadian competitor Canopy Growth as well as U.S. marijuana companies such as Columbia Care, Curaleaf Holdings and Trulieve as well as ancillary firms including Dutchie, Leafly and WM Technology.

Aleafia slashed its “full-time equivalent headcount” by 36% over the course of 2022, a reduction of 89 jobs to 162 positions, according to a regulatory filing.

In its Monday earnings release, Aleafia proclaimed its second quarter in a row of positive adjusted earnings before interest, taxes,

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Suspended Massachusetts marijuana chair sues as allegations emerge

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New details have emerged about the suspension of Massachusetts Cannabis Control Commission Chair Shannon O’Brien, who has filed a lawsuit alleging the punishment is unlawful.

Treasurer Deb Goldberg, who appointed O’Brien last year, said in a statement that the Cannabis Control Commission (CCC) hired a law firm to investigate “several serious allegations” made by a commissioner and other agency staffers, according to the Boston Herald.

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“The law firm undertook an investigation and has returned with a report,” the statement noted, without elaborating on the details of the allegations or the firm’s findings.

“According to the CCC’s employee handbook, suspension with pay is the only allowable remedy at this point, as the findings are being reviewed and action is considered.”

O’Brien was suspended with pay on Sept. 14 for undisclosed reasons and length of time earlier this month.

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O’Brien filed a

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Tim Conder appointed permanent CEO of marijuana MSO Tilt Holdings

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Tim Conder, interim CEO of marijuana multistate operator Tilt Holdings since April, has been given the job on a permanent basis.

Since taking the interim post after Gary Santo resigned, Condor has aimed to put the Phoenix-based company on a path to profitability.

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He has initiated significant cost reductions and reevaluated brand partnerships – including cutting ties with some social equity brands – while shifting focus to the cannabis company’s vape hardware business.

“When I took the interim CEO role, the company was cash-consumptive, really in an environment where that doesn’t make a lot of sense,” Conder told MJBizDaily earlier this month.

“Our immediate priorities were to reduce our cost structure and our expenses and increase operational efficiencies to ultimately achieve profitability.”

Art Smuck, Tilt’s newly appointed board chair, said in a news release that “Tim has been instrumental in bringing financial discipline to Tilt, and

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Oklahoma high court declines to hear challenge to medical cannabis fees

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The Oklahoma Supreme Court declined to hear arguments challenging a new law that significantly raises fees for medical cannabis operators.

Filed in late June, the petition will now be sent to district court in Oklahoma County, The Oklahoman reported.

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The petition – filed by Jeb Green, founder of Oklahomans for Responsible Cannabis Action, as well as the Bingo 101, Oklahoma Natural Cures and Pharside dispensaries – claims the new fee structure violates the state constitution and is a “revenue-raising tax disguised as a fee.”

The challenge also alleges the bill wasn’t passed through the three-fourths majority required by state law and its approval came within the last five days of the legislative session.

Oklahoma law prohibits lawmakers from passing revenue-generating bills during the last five days of a legislative session.

The state attorney general’s office argued the bill was not a revenue generator subject to constitutional

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