CWNevada, one of the state’s largest cannabis companies, faces six separate lawsuits alleging fraud, failure to pay lenders on time and, in one case,misappropriation of intellectual property.
Pot News
Clark County could see as many as 31 new recreational marijuana stores open based on the number of licenses the state has available.
Before Matthew Miller harvests marijuana this fall from his fields in southern Oregon, he’ll have to notify the state for the first time ever — a process that could bring inspectors to make sure none of his pot is being illegally diverted.
A growing dispute over where legal marijuana can be delivered in California is unsettling the nation’s largest pot market.
Cannabis advocates are pushing to dispel the idea that people who toke up still live on the couches in their parents’ basements and spend their waking hours eating Cheetos and playing video games.
Nevada dispensaries sold nearly $425 million worth of recreational marijuana and pulled in nearly $70 million in tax revenue in the state’s first full year of sales, officials announced Tuesday.
The Mormon church ramped up its opposition Thursday to a proposal that would allow medical marijuana in Utah, even as faith leaders insisted they support suffering patients using it under strict controls.
Democratic gubernatorial nominee Steve Sisolak told business leaders on Friday that if some Nevadans knew that revenue from a marijuana sales tax isn’t all going towards education, they would not have voted to legalize cannabis.
Nevada’s first full year of legal adult-use marijuana sales is set to exceed more than $400 million in sales. But the dispensaries, producers and marijuana growers in the state still have no stable place for all that cash.
Two of the first states to broadly legalize marijuana took different approaches to regulation that left Oregon with a vast oversupply and Colorado with a well-balanced market. But in both states, prices for bud have plummeted.
Nevada regulators and industry insiders say the state’s first year of broad marijuana legalization has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent.
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen.
Recreational sales in May reached $43.74 million, exceeding the previous $41 million monthly record set in March, according to state Department of Taxation data released Thursday.
Once complete, the Planet 13 complex will take up 112,000 square feet. The complex will have at least 45 registers, 13 15-foot-tall lotus flowers on the roof and a spherical fountain in front.
There are hundreds of illegal marijuana stores operating in LA County, where marijuana is legal for anyone 21 and over and retailers must be licensed to sell to them.
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