Marijuana Business Daily

Marijuana delivery company Eaze has new owner after assets auctioned

Published

12 hours ago

October 1, 2024

admin

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

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

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

Published

5 days ago

September 27, 2024

admin

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

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

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

Published

1 week ago

September 23, 2024

admin

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

Read full article on Marijuana Business Daily

Source link

Marijuana Business Daily

Martha’s Vineyard cannabis operator Fine Fettle poised for sale

Published

2 weeks ago

September 20, 2024

admin

Massachusetts-based Black Harbor Group is positioned to purchase Fine Fettle, a licensed cannabis cultivator and manufacturer located on Martha’s Vineyard in West Tisbury, Massachusetts.

The Select Board of West Tisbury unanimously approved the change of ownership for Fine Fettle, which earlier this year announced it would permanently close “no later than September,” according to the Vineyard Gazette.

The Select Board of West Tisbury agreed to the transfer of ownership with the stipulation that Fine Fettle address lighting concerns within six months, the Gazette reported.

Black Harbor Group, which was represented by an attorney at the Select Board meeting, was registered as a limited liability company in July, according to public records.

Fine Fettle’s closure earlier this year prompted a lawsuit that led

Read full article on Marijuana Business Daily

Source link