Marijuana Business Daily

Florida marijuana licenses overdue as adult-use vote looms

Published

4 months ago

May 30, 2024

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By law, the Florida marijuana industry – the largest medical-only cannabis market in the country with $2 billion in projected annual sales – is supposed to have nearly twice as many businesses involved as are operating today.

But with state voters set to decide on adult-use marijuana legalization in November, potentially inflating the value of coveted vertically integrated business licenses, the mandated expansion of Florida’s market remains on indefinite hold.

The state accepted applications for 22 available permits in April 2023.

More than a year later, there’s no clear answer from state officials as to when those new licenses will be issued.

“There is literally nothing coming back to applicants. Nothing,” Dustin Robinson, a Fort Lauderdale-based attorney who filed one of the 73

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Marijuana delivery company Eaze has new owner after assets auctioned

Published

4 days ago

October 1, 2024

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California-based marijuana delivery company Eaze Technologies has a new owner after a public auction of corporate assets.

The bundle of Eaze assets were purchased for $56 million in August via a telephone auction by a firm owned by Netscape co-founder James Henry Clark, according to Green Market Report.

Though Clark now has ownership of Eaze, the company’s future is up in the air.

“The new ownership group is evaluating the status of each state’s operations and expects to make a decision prior to year end about what will continue to operate or be closed down,” Eaze CEO Cory Azzalino told Green Market Report via email.

Clark’s FoundersJT acquired the following assets from San Francisco-based Eaze:

Accounts. Chattel paper, which denotes a

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Cannabis brand West Coast Cure asks court to toss pesticide-spurred lawsuit

Published

1 week ago

September 27, 2024

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The parent company of West Coast Cure (WCC), one of California’s largest and most well-known marijuana brands, has filed a petition to dismiss a class action lawsuit that claims the operator skirted state regulations and sold unsafe vape products that contained banned pesticides.

WeedWeek first reported the development, in which Shield Management Group, doing business as WCC, is named as defendant.

The class action lawsuit, filed in June by a WCC customer in Superior Court of the State of California in Orange County, alleged the company deliberately manipulated test results “to hide dangerous contaminants in the products” and issued inaccurate certificates of analysis.

WCC did not immediately respond to an MJBizDaily request for comment.

The Orange County-based company, which sells an extensive

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Sales of intoxicating hemp products in Missouri to resume despite gov’s order

Published

2 weeks ago

September 23, 2024

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Sales of products containing intoxicating hemp-derived cannabinoids may resume in Missouri after a top state official indicated a change in enforcement priorities.

That move defies an order from Missouri Gov. Mike Parson that led the state Department of Health & Senior Services (DHSS) to use state food law as the legal basis for a wide-ranging embargo on intoxicating hemp products.

Parson issued the order after Missouri’s secretary of state Jay Ashcroft rejected the governor’s ban of intoxicating hemp-derived products in an Aug. 1 executive order.

But that embargo is now over, the DHSS’ general counsel, Richard Moore, wrote in a Sept. 17 letter to the Missouri Hemp Trade Association, the Columbia Missourian reported.

According to Moore, Missouri regulators now will focus their attention on

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