Marijuana Business Daily

These marijuana companies are doubling down on California

Published

2 years ago

March 9, 2023

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While some marijuana companies are exiting California’s difficult, regulated market – Curaleaf Holdings is among the most notable – others big and small are staying focused on the state and have plans to grow in 2023.

In February, two vertically integrated California operators – The Parent Co. and Gold Flora – announced an all-stock merger to create a new company called New Parent.

The deal is intended to generate savings of more than $20 million while creating a cannabis business with a larger footprint.

New Parent, which will operate as Green Flora, will have 20 stores, 12 brands, three distribution centers, six cultivation facilities and a manufacturing facility.

Other California companies that aim to grow include:

Leef Brands: After going public through a reverse takeover with Canadian company Icanic Brands last year, the Willits, California-based extraction and manufacturing company acquired its first brick-and-mortar dispensary, in

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Missouri cannabis regulators recall 23,000 marijuana products

Published

2 days ago

September 17, 2024

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Missouri cannabis regulators recalled more than 23,000 marijuana products from several brands on Tuesday, saying they were not properly tested by Fulton, Missouri-based lab ClearWater Science.

The Missouri Division of Cannabis Regulation (DCR) said it recalled the products because they were not “compliantly” tested, so the agency could not verify whether they meet state health and safety requirements.

The DCR said it hasn’t received any reports of adverse effects; people who believe they might be having an adverse reaction should seek medical attention.

Patients and consumers should stop using the recalled products and either dispose of them or return them to the dispensary where they were purchased.

About a month ago, the DCR issued a series of recalls for more than 132,000

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Nebraska medical cannabis qualifies for ballot amid controversy

Published

6 days ago

September 13, 2024

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Initiatives to legalize medical marijuana in Nebraska and set up a regulated MMJ market qualified for the November ballot on Friday, just hours after complications threatening the effort appeared.

Nebraska Secretary of State Bob Evnen certified the efforts of Nebraskans for Medical Marijuana on Friday, the same day prosecutors announced charges against Michael Egbert, a Grand Island man involved in the petition, for allegedly falsifying signatures.

Nebraska is one of a dwindling handful of states without any regulated marijuana program.

On Thursday, former state Sen. John Kuehn, a co-founder of the anti-legalization organization Smart Approaches to Marijuana, filed a lawsuit to stop Even from certifying two separate measures:

Ballot measure 437, Nebraska Medical Cannabis Patient Protection, to legalize medical marijuana. Ballot

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Michigan sets record with $295.4 million in monthly marijuana sales

Published

6 days ago

September 13, 2024

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Michigan marijuana retailers sold $295,412,252 worth of medical and recreational cannabis in August, setting a new monthly record.

The previous record was set in March, when total sales hit $288,843,279, according to MJBizDaily’s analysis of the latest data released by the Michigan Cannabis Regulatory Agency (CRA).

Sales in August were up 2.7% over July, when retailers reported $287,743,072 in total sales.

Medical marijuana sales accounted for less than 1% of total regulated cannabis sales in August, according to MJBizDaily analysis.

August marked the third-consecutive month of increasing sales in the state.

Michigan retailers in August also broke a monthly record for selling 100,894 pounds of flower, Cannabis Business Times reported.

Meanwhile, the average price per ounce of flower was $80.14, a near-record

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