Marijuana Business Daily

Marijuana delivery company Eaze has new owner after assets auctioned

Published

2 months 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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Long shot adult-use legalization effort launches in anti-marijuana Idaho

Published

1 day ago

November 14, 2024

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Advocates in Idaho, arguably the least-cannabis-friendly state in the United States, are laying ambitious plans to skip over medical marijuana and go straight to adult use.

At least, that’s the goal of the proposed 2026 ballot initiative that campaign organization Kind Idaho recently filed with Idaho’s secretary of state, according to The Inlander.

Campaigners would have until April 2026 to collect roughly 70,000 valid signatures from registered voters.

It’s anybody’s guess who might be willing to support such an effort.

Campaigns in 2022 and 2024 failed to get medical marijuana on Idaho’s ballot.

And recent adult-use legalization efforts in red states such as North Dakota and South Dakota have repeatedly failed.

Those were funded by existing medical marijuana businesses, and Idaho has

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Marijuana firms Eaze, Green Dragon find new life after $10 million capital infusion

Published

3 days ago

November 12, 2024

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Newly rebranded California-based marijuana operator Eaze raised $10 million to acquire select assets of Eaze Technologies, its predecessor company, to fund the reopening of 70 Eaze and Green Dragon locations across California, Colorado, Florida and Michigan.

The now-defunct Eaze Technologies, which purchased Denver-based Green Dragon about three years ago, announced in October that it would close its Colorado and Florida operations.

Billionaire Jim Clark, founder of defunct tech company Netscape, provided the funding, which was announced Tuesday, and now has controlling ownership of the new entity, Eaze.

CEO Cory Azzalino said the company does not intend to reimagine its business model, which it shifted four years ago from a delivery platform to a plant-touching entity.

“The focus going forward will be continued expansion

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Oregon voters approve pro-labor change to state cannabis law

Published

1 week ago

November 8, 2024

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Voters in Oregon appear to have approved an organized labor-friendly change to state cannabis law that’s had mixed results in other states.

With more than 80% of ballots counted, 55.7% of state voters cast yes ballots on Measure 119, which will require cannabis operators in the state to submit a “labor peace agreement” to regulators before receiving or renewing business permit, Oregon Public Broadcasting reported.

The voter initiative’s main sponsor was the United Food and Commercial Workers (UFCW) Local 555, which spent more than $2.8 million on the campaign after a failed attempt to impose a labor peace agreement (LPA) requirement through the state Legislature.

Several other states, most notably California, require cannabis businesses to have an LPA as part of licensing

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