California cultivators face a proposed water-quality fee increase, New Jersey lawmakers advance tougher penalties for illicit retailers, and federal prosecutors charge the chief executive of Oregon cannabis chain La Mota with payroll tax offenses.
Tag: California cannabis
Cannabis Regulatory Gaps, Green Thumb’s Buyback and a Hollywood Megadeal
California’s cannabis regulator is pressing for clearer federal guidance as Green Thumb commits more capital to share repurchases. In Hollywood, a multistate settlement removes a major obstacle to Paramount Skydance’s Warner Bros. Discovery acquisition.
Cannabis Recalls Widen as Maryland Reshapes Market Rules
California’s cannabis safety investigation expanded with additional recalls and evidence of prohibited pesticides, while Maryland activated rules affecting products, packaging and licensees. In Los Angeles, a helicopter crash killed three people as a local news crew covered another fatal collision.
Cannabis Deal Fight Escalates as High Tide Posts Record Quarter
Curaleaf is asking regulators to halt Aurora Cannabis share sales during its hostile bid, High Tide reported record quarterly results, and a major California cultivation operation faces scrutiny following a worker’s death and a product recall.
Cannabis Tax Revenue Rises as California Retail Expands
Federal data show cannabis excise tax collections reaching a new high as a California retailer expands through social-equity ownership. In media, Jimmy Kimmel’s decision to move a political interview off ABC highlights the growing business consequences of broadcasters’ conflict with the FCC.
Cannabis Consolidation Meets a New Enforcement Push
Cresco Labs expanded its Pennsylvania retail footprint as California intensified enforcement against illegal intoxicating products and investigated troubling conditions at a licensed cultivation site. Alaska regulators also opened a potentially consequential debate over cannabinoid sourcing, while Fox News began an abrupt programming transition.
Federal Hemp Ban Delayed
President Trump signed a temporary reprieve for much of the hemp-derived THC market, California highlighted nearly $8.4 billion in cannabis tax revenue, and Aurora formally rejected Curaleaf’s hostile takeover bid.
Federal Hemp Market Gets a One-Month Reprieve
Federal hemp restrictions are delayed until December, Aurora rejects Curaleaf’s hostile takeover bid, and California reports $8.4 billion in cannabis tax revenue alongside a major illicit-market seizure.
Rescheduling Record Advances as Cannabis M&A Accelerates
The DEA released the complete record from its marijuana rescheduling hearing, while major transactions moved forward in Arizona and California cannabis retail and distribution.
