Marijuana Business Daily

Judge orders Michigan marijuana stores handed back to Skymint

Published

2 years ago

April 5, 2023

admin

A Michigan judge ordered marijuana retailer 3Fifteen Cannabis to relinquish control of several stores to competitor Skymint after ruling 3Fifteen violated the court’s receivership order.

According to Crain’s Detroit Business, Skymint reopened stores in Battle Creek, Camden and Grand Rapids on April 1 after an Ingham County Circuit Court judge ruled on a legal fight between the two companies.

The judge ordered 3Fifteen to return $494,045 in funds that the Birmingham-based company removed from its accounts at Live Life Credit Union, Crain’s reported.

The judge also ordered Live Life to return access to those accounts to Skymint employees.

3Fifteen, which was acquired in 2021 by Skymint, an Ann Arbor-headquartered cannabis cultivator and retailer, had “challenged leadership of the company and retook control of several stores acquired in the deal,” according to Crain’s.

Last month, after a Canadian investment firm filed a lawsuit claiming Skymint owes

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

MJBizCon offers speakers chance to share cannabis insights, shape industry

Published

2 days ago

April 4, 2025

admin

The most fulfilling part of an MJBizCon presentation is right after the Q&A, when the speaker is met by exuberant and inspired audience members.

Questions are asked, cards are exchanged and the excitement is palpable.

Cannabis industry experts interested in inspiring their peers and advancing the industry have until 11:59 p.m. ET on April 11 to apply to speak at MJBizCon 2025. Replies will likely go out in May.

So far, nearly 170 speaker applications have been received.

This year’s MJBizCon – the 13th edition – is scheduled for Dec. 2-5 at the Las Vegas Convention Center.

Speaking at the world’s largest marijuana business conference and trade show “offers a chance to share insights and strategies that empower others to elevate their businesses

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

As cannabis consumer tastes evolve, industry must look beyond potency

Published

4 days ago

April 2, 2025

admin

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Chris O’Ferrell (Courtesy photo)

For years, the cannabis industry has been shaped by a singular focus: THC potency.

Store menus highlight percentages, consumers chase high numbers, and many strains have been bred to maximize THC content at the expense of other characteristics.

But is that truly what makes marijuana special?

Beyond THC levels, branding, packaging and promotions heavily influence consumer choices.

The classic $200-per-ounce deal has evolved into a $100 mix-and-match special, allowing consumers to explore a variety of terpene profiles and effects.

Just as craft beer enthusiasts appreciate curated tasting flights, cannabis enthusiasts now seek diversity in their experiences.

Keeping up with industry trends while

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

How a Colorado operator stumbled onto ‘blueprint for laundering marijuana’

Published

6 days ago

March 31, 2025

admin

Justin Trouard thought he was doing a favor when he agreed in January to look at the books of a struggling, licensed Colorado marijuana cultivation company to see if he could help turn the business around.

Instead, the CEO of licensed outdoor cultivator Mammoth Farms stumbled onto “the blueprint for how to launder marijuana” in and out of the state’s regulated industry, he told MJBizDaily.

While examining the cultivator’s track-and-trace records in Metrc, a widely used software program that’s Colorado’s mandated seed-to-sale compliance tool, Trouard noticed some suspicious activity.

In one column, the company reported purchasing 25 pounds of cannabis flower from an unidentified cultivator for $16,250. That’s a normal transaction at Colorado’s average market prices in 2025. In another column in

Read full article on Marijuana Business Daily

Source link