Marijuana Business Daily

Virginia’s adult-use cannabis market stalled indefinitely

Published

2 years ago

February 27, 2023

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Virginia’s recreational marijuana industry is on indefinite hold.

Less than two years after the state became the first in the South to legalize adult-use marijuana for adults 21 and older, the projected start date for legal sales of Jan. 1, 2024, has been effectively scrapped.

It’s unclear when – or if – recreational MJ sales will begin.

The issue: The legalization bill that the then-Democratic-controlled General Assembly sent to former Gov. Ralph Northam two years ago was a half-measure. Northam signed the bill into law in April 2021,

The new law allowed Virginians to possess cannabis and cultivate up to four plants. It also called for recreational sales to begin no later than Jan. 1, 2024.

But the law also required the General Assembly to later reenact a number of provisions of the 2021 legislation, including those that detail a regulatory and market structure such as

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Marijuana delivery company Eaze has new owner after assets auctioned

Published

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

Published

7 days ago

September 27, 2024

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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

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

Published

2 weeks ago

September 23, 2024

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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

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