Business

Business

A Virgin Island Legalization Plan Rests on Tourism. Are the Tourists Coming?

Critics want to slow down and get the plan right, and some worry that Covid may render projections too rosy.

Business, California

Q&A: California State Treasurer Fiona Ma Talks Cannabis, Safe Banking, and Social Equity

The coronavirus slowed the push for cannabis industry access to banking, but the conversation might be more relevant now than ever.

Business

Some of America’s Biggest Hemp Companies Qualified for PPP Loans

A Cannabis Wire analysis shows that a handful of ancillary cannabis companies did, too.

Business

Can Harborside Win Its Long Fight With the Feds?

One of the oldest names in cannabis, Harborside has been battling a federal tax bill for years, and the outcome could shape the industry’s future.

Business, Coronavirus

Essential But Nervous: Cannabis Workers on the Front Line of a Pandemic

Some employees worry about their health as well as their jobs.

Business, Coronavirus, Q&A

Q&A: Cannabis Delivery Is in the Spotlight Due to COVID-19. What’s Next?

Cannabis Wire spoke with Jaci Flug, former general counsel for the New York State Liquor Authority, about her new role at alcohol delivery platform Drizly and its cannabis arm Lantern, and Lantern’s president.

Business, Coronavirus

Cannabis Regulators Respond to Coronavirus Concerns

US cannabis consumers and patients are asking questions like: will my local shop close? Will delivery be an option? Cannabis Wire is tracking cannabis regulators’ announcements.

Business

Canopy Growth Has Slashed Roughly 800 Jobs Since March

On Wednesday, the Canadian company, one of the highest-valued cannabis companies in the world, announced its third round of layoffs since last month.

Business

Canopy Growth Cuts Cannabis and Hemp Operations Around the Globe

CEO David Klein said the moves aim “to lower our cost structure and reduce our cash burn.”

Business, Coronavirus

Cannabis Companies Brace for Coronavirus Impact

Amid the COVID-19 pandemic, a dilemma has hit the nascent industry: to close or not to close? We’re keeping track of how companies, and regulators, are reacting.

Business, CBD

Q&A: The Food Giants Push For “Smart Regulation” of CBD

Consumer Brands Association—think Kellogg's, Pepsi, etc.—has created a high-voltage advisory board to frame its advocacy approach.

Business, Enforcement

Buyer Beware: Cannabis Scams Ahead

A complicated but lucrative industry draws eager investors and lots of lawyers, brokers, and advisers to serve them. Most are honest. But not all.

Business, Congress

Senate Banking Committee Chairman Mike Crapo Pumps Brakes on Cannabis Banking Bill

Crapo laid out “significant concerns” about the SAFE Banking Act on Wednesday, suggesting a 2% THC cap on products eligible for financial services.

Business, Enforcement

What Do CBD and Hemp Consumers Complain About to the Federal Trade Commission?

Here’s what we found from the last two years: Hundreds of complaints, ranging from false data about THC content to obscenely positioned gummies.

Business, Enforcement

American Bankers Association Conference Puts a Spotlight on Cannabis Banking Risks

Representatives from JPMorgan Chase and the Peoples Bank North Carolina outlined the complex and confusing process involved in serving the cannabis industry.

Business

UFCW to Northeast Governors: If You Legalize, Protect Cannabis Workers’ Rights

The union represents more cannabis workers than any other in the US, and wants labor peace agreements baked into the legalization plans taking shape across the northeast.