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Marijuana cultivator Bright Green Corp. plans to file for Chapter 11 bankruptcy reorganization after reaching an agreement with major shareholder Lynn Stockwell, who will become the company’s new CEO and chair. Marijuana cultivator Bright Green to file for bankruptcy protection is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A federal grand jury has indicted three men for allegedly running a massive illegal cannabis operation involving Chinese immigrant workers on Navajo Nation land in New Mexico. Federal charges for massive illegal cannabis grow on Navajo Nation land is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A Republican lawmaker in Ohio has introduced a bill that would raise adult-use marijuana sales taxes, limit home grows and prohibit social equity licenses and job programs. Ohio GOP lawmaker’s bill would upend voter-approved adult-use marijuana is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
However, growth slowed as business failures accelerate amid continued federal policy gridlock. The post Legal cannabis sales in the US hit $30B in 2024 appeared first on Green Market Report.
However, growth slowed as business failures accelerate amid continued federal policy gridlock. The post Legal cannabis sales in the US hit $30B in 2024 appeared first on Green Market Report.
Mayor Johnson and his allies want to preserve a potential new tax revenue stream, while seeking to impose stiffer standards on the industry. The post Chicago’s Mayor pitches new hemp business license to a skeptical City Council appeared first on Green Market Report.
The one-two punch sent newly consolidated shares tumbling despite progress on its non-hallucinogenic depression treatment. The post Enveric’s stock split leads to quick $5M raise but shares slide appeared first on Green Market Report.
For a cannabis business, one potential risk of new product development is that state regulators will determine the new product does not comply with existing standards. When can cannabis businesses challenge compliance standards? is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
They will now appeal it, i should imagine, and waste even more money Crains Detroit Michigan cannabis grower Hello Farms is set to receive $32 million after a federal court jury found earlier this week that Curaleaf, the country’s largest weed company, breached its purchase agreement. The ruling comes after nearly four years of battling […]
As announced by Chargo on Linked In Thrilled to share that I have joined the Board of Directors for the Indigenous Cannabis Industry Association (ICIA). The ICIA is dedicated to fostering economic development, policy advocacy, and collaboration for Indigenous communities in the cannabis space. I am proud to be part of this important mission, honored […]