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Oklahoma medical marijuana grower loses license over residency issue

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Oklahoma regulators stripped medical marijuana cultivator Sun Light Farm of its state license after an administrative law judge ruled that the company “submitted fraudulent ownership information in its license renewal application.”

According to a news release, the judge agreed with the Oklahoma Medical Marijuana Authority (OMMA) legal team and investigators that the local resident listed in ownership documents for the grow operation in Sayre was not the actual owner, a practice known as straw or ghost ownership.

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“This is a preview of what’s coming from OMMA as we continue to build our legal and investigative teams and capabilities,” the agency’s executive director, Adria Berry, said in a statement.

“This was a clear case of fraudulent ownership where non-Oklahoma residents tried to illegally work their way into our state.”

State law and OMMA rules require that at least 75% of an MMJ business be owned by an Oklahoma resident

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Cookies cuts ties with its lone San Francisco marijuana store

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Cookies, the most recognizable brand in cannabis, traces its origins to San Francisco and the pre-legalization marijuana underground in the city that’s considered by many to be the birthplace of the legal industry in America.

But as of earlier this year, there is no longer a Cookies-branded marijuana store in San Francisco.

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The brand terminated the licensing agreement it had with Berner’s on Haight, an adult-use store that’s borne the name of the Cookies co-founder since 2020, company President Parker Berling told MJBizDaily.

Exactly what happened is still a mystery, as the involved parties are not discussing details publicly.

However, both the store and the iconic brand are currently battling unrelated lawsuits, including a wrongful termination complaint filed by a former employee at

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280E, new markets and wholesale revenue highlight cannabis earnings season

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Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.

Year-end earnings calls and financial results also showed how multiple cannabis operators are:

Banking on new marijuana markets for future revenue growth while awaiting federal reform. Focusing on wholesale cannabis operations in certain markets. Finding ways to control costs.

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Cannabis-sector equity analyst Jesse Redmond told MJBizDaily that multistate marijuana operators’ results for the quarter ended Dec. 31 were “good results on an absolute basis, but also good results relative to expectations.”

“Every Tier 1 (MSO) beat on revenue, while everyone but Verano beat on (adjusted earnings before interest, taxes, depreciation and amortization),” Redmond, a managing director with Florida-based Water Tower Research, wrote in a March 18

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Netherlands irons out wrinkles in cannabis experiment ahead of full summer launch

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Dutch authorities have ironed out issues involving the Netherlands’ cannabis experiment, government and industry officials told MJBizDaily.

The experiment, which underwent a startup phase in December ahead of the full launch later this year, aims to close the supply chain and bring it under the watchful eye of federal regulators for the first time.

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For decades, the country’s cannabis stores – also called coffee shops – operated in a system where sales were legally tolerated while cultivation remained illegal, meaning stores had to procure illicit marijuana products to sell quasi-legally.

Officials said the startup phase, which involved two Dutch cities, helped to work out kinks including:

Track-and-trace issues. Distribution limits.

One of the biggest issues hindering the nascent program had been

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