The Business of Cannabis

MedMen Co-Founders Bierman, Modlin Return To Cannabis Industry With Different California Company

Mar 4, 2021 | National

Less than a year after being ousted from leadership posts at California-based MedMen Enterprises, former CEO Adam Bierman and ex-President Andrew Modlin have found a route back into the legal marijuana industry – working for a separate cannabis company...

Virginia First Southern State To Vote To Legalize Recreational Marijuana

Feb 28, 2021 | National

Virginia stood poised to become the first Southern state to legalize marijuana after lawmakers approved a bill aimed in part at ending disparate treatment faced by people of color in the criminal justice system. The bill, sent to Gov. Ralph...

Idaho Senate Approves Constitutional Ban On Marijuana

Feb 28, 2021 | National

The Idaho Senate has passed a resolution that bans the production, sale, and possession of cannabis in the state. The decision is in sharp contrast to what lawmakers and voters are doing in other states. If passed by the Idaho House of Representatives by a...

Wrigley Chewing Gum Heir To Take Cannabis MSO Parallel Public Via $1.9 Billion Deal

Feb 25, 2021 | National

Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take the cannabis multistate operator public through a transaction that values the company at $1.9 billion. Ceres Acquisition...

Feds Shouldn’t Waste Resources On Marijuana Enforcement In Legal States, Biden AG Pick Says

Feb 25, 2021 | Feature, National

President Joe Biden’s pick for attorney general said on Monday that it is not “a useful use of limited resources” to go after people who are complying with state marijuana laws. He also citied cannabis enforcement as an example of the racially discriminatory impact of...

New Jersey (Finally) Legalizes Recreational Cannabis

Feb 25, 2021 | National

This is a great week for New Jerseyans, though many argue the celebration is long overdue. On Monday, Feb 22, Democratic New Jersey Governor Phil Murphy signed legislation that legalizes the retail sale of cannabis and removes criminal offenses for possession of up to...