Connect with us

Marijuana Business Daily

Marijuana delivery company Eaze has new owner after assets auctioned

Published

on


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.

ADVERTISEMENT

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

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Fight over disputed Arkansas medical marijuana permit escalates

Published

on

By


A long-running dispute over one of Arkansas’ medical marijuana cultivation permits is escalating after a second court found regulators improperly awarded one of the licenses.

At issue is the license awarded to Fort Smith, Arkansas-based River Valley Relief, one of eight cannabis cultivators licensed by the state.

ADVERTISEMENT

On Dec. 30, a Pulaski County Circuit judge ruled that state regulators issued River Valley Relief and its principal, Bennett “Storm” Nolan, a permit despite the fact his application was “fatally flawed.”

It’s the second ruling against Nolan and River Valley following a 2022 decision that also found regulators acted improperly when they “unlawfully” awarded Nolan’s business a permit.

The original suit was filed by 2600 Holdings, which does business as Southern Roots Cultivation and unsuccessfully

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Minnesota adult-use cannabis license applicants start new year with uncertainty, hope

Published

on

By


Instead of putting the finishing touches on their businesses in anticipation of Minnesota’s adult-use market launch early this year, cannabis license applicants instead face delays and uncertainty.

But if entrepreneurs’ patience and capital lasts long enough to win a license and hold on until Minnesota’s recreational cannabis launch – now projected for early 2026 – their reward will be a robust market brimming with opportunity and innovation, according to observers of the state’s regulated marijuana market.

ADVERTISEMENT

“I think that we still have a really robust local industry,” said attorney Leili Fatehi, principal at Blunt Strategies, a Minnesota cannabis consulting firm.

“We have a lot of alignment of purpose and values with the regulators as well as with the legislators.

“There is a common

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Marijuana mints maker nails its niche with accurate dosing and full-spectrum oil

Published

on

By


(This story first appeared in the November-December issue of MJBizMagazine.)

California cannabis brand Breez has stayed true to its core mission of providing access to medical marijuana patients and recreational consumers since it was established in 2015.

That ethos led Austin and Anna Hice, the brand’s husband-and-wife management team, to develop THC-infused tablets and mints in a widely recognized form factor.

ADVERTISEMENT

It also prompted the co-founders to launch direct-to-consumer delivery – particularly targeting the state’s vast cannabis deserts, where cities and counties still prohibit marijuana operations nearly eight years after voters legalized MJ cultivation and retail sales.

“It’s all about accessibility,” Austin Hice told MJBizMagazine during a phone interview.

Demand for delivery

Though about 95% of Breez products are sold through retail, delivery

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media