Colorado Governor Announces ‘Landmark’ Marijuana Loan Program To Support Social Equity Businesses

The governor of Colorado announced on Monday that the state is launching a loan program to support social equity marijuana businesses. Gov. Jared Polis (D) and the Cannabis Business Office (CBO) said the state will be providing funding through a new Cannabis Business Loan Program, in partnership with the lending company NuProject. Because marijuana businesses […]

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Top Pharmacists Association Endorses Drug Decriminalization

The American Pharmacists Association (APhA) is officially backing the decriminalization of all drugs and paraphernalia, earning the praise of drug reform and harm reduction advocates. Members of APhA’s House of Delegates voted to adopted the revised policy late last month, becoming one of the nation’s largest medical associations to endorse broad decriminalization. “APhA supports decriminalization […]

Dutchie admits ‘failures’ on 4/20, promises payout to marijuana retailers

A “series of cascading failures” was responsible for Dutchie’s e-commerce platform outage that impacted marijuana retailers on 4/20, the company admitted. As a make-good, Dutchie CEO Tim Barash promised to pay out retailers that use the Oregon-based cannabis tech platform “an amount equivalent to our estimate of your lost profits” during the Thursday interruptions. ADVERTISEMENT […]

Georgia nears launch of medical cannabis sales

Medical cannabis dispensaries in Georgia are expected to open within weeks, nearly eight years after lawmakers first approved an MMJ program. According to The Atlanta Journal-Constitution, medical marijuana retailers could open as early as late May. ADVERTISEMENT Georgia is among 40 states and the District of Columbia with a medical market program. More than 26,000 […]

Nasdaq warns marijuana tech firm Agrify it’s not compliant

The Nasdaq stock exchange has warned another marijuana company that it could be delisted if it doesn’t comply with the rules. Agrify Corp., a Massachusetts-based cannabis cultivation and extraction solutions company, received a notice of noncompliance from Nasdaq because the company hasn’t filed its 10-K form with its full-year financial results to the U.S. Securities […]

Cannabis, alcohol firm SNDL loses CA$372.4 million in 2022

Calgary, Alberta-based SNDL reported a net loss of 372.4 million Canadian dollars ($275 million) for 2022, up substantially over 2021’s CA$226.8 million, due partly to asset impairments in its cannabis retail division. ADVERTISEMENT SNDL, which operates separate cannabis and alcohol retail channels, as well as marijuana production, said noncash inventory and asset impairments amounted to […]

Oregon’s Interstate Commerce Bill for Marijuana Seeds and Intoxicating Hemp Products

I wanted to drop a line today on an interesting piece of cannabis legislation moving through the Oregon legislative session. The bill at issue is omnibus SB 353 (most recent mark-up here). This is a very different SB 353 than its placeholder from back in January when I published our annual Legislative Forecast and Report. […]

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