Marijuana Business Daily

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

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1 week 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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Missouri’s double-tax practice on marijuana is unconstitutional, court rules

Published

3 days ago

November 18, 2024

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Local governments in Missouri can add a 3% local tax on marijuana products to state sales tariffs, but the law forbids cities and counties to “stack” local levies on top of one another.

That’s the “unambiguous” language in the state constitution, according to a Missouri Court of Appeals decision that’s set to cut retail taxes on marijuana products in St. Louis County.

Ninety of the state’s 114 counties imposed a 3% local cannabis tax on top of the state’s 14.98% sales tax, the Missouri Independent reported.

But 74 of those counties also include a city or town that’s imposed its own 3% on top of the county lax.

That’s the practice that the appeals court says is unconstitutional.

The challenge was centered

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Feds again delay requirement for hemp to be tested at DEA-licensed labs

Published

6 days ago

November 15, 2024

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The U.S. Department of Agriculture has again extended a deadline for federally approved hemp to be tested at Drug Enforcement Administration-licensed labs.

Now, hemp produced under the USDA’s Domestic Hemp Production Program can have products tested at labs that aren’t certified by the DEA through the end of 2025, according to a Thursday news release.

The USDA delayed the requirement last year, pushing a planned Dec. 31, 2023, deadline to the end of 2024.

Testing laboratories apparently are having difficulty meeting DEA requirements or receiving certification from the agency, according to feedback the USDA has received from state and tribal governments as well as labs themselves.

The USDA noted in its release there have been “setbacks” and “delays” for labs attempting to

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

Published

7 days 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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