The Business of Cannabis

Demise Of High Times Leaves Trail Of Unpaid Bills And Unhappy Investors

Apr 24, 2024 | National

The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle outstanding debts. High Times and Levin used several...

Sturgis OK’d New Cannabis Business Plan

Apr 17, 2024 | Feature, Great Lakes Region, Michigan

A site plan for a prospective cannabis product retail store was unanimously approved Tuesday by the Sturgis Planning Commission. The request was brought to the table by EAC Industries LLC officials, who are looking to renovate and improve the property located at 1640...

Justice Department Is Investigating Marijuana-Related Businesses Over COVID Relief Loans, Industry Sources Say

Apr 17, 2024 | National

The Justice Department is investigating marijuana-related businesses that allegedly took coronavirus relief loans in violation of federal rules, with third-party actors leveraging a whistleblower policy that allows them to take a portion of settlement money if they...

Minnesota Legal Supply In Question As Marijuana Bill Moves Forward

Apr 15, 2024 | National

A couple of token changes in Minnesota’s new marijuana bills are highlighting concerns about whether a legal supply will be available when retailers launch sometime next year. A long list of people are hoping to spark up new cannabis businesses in Minnesota....

Genetically Modified Hemp That Boosts CBG, Eliminates THC Is Approved

Apr 10, 2024 | National

The U.S. Department of Agriculture (USDA) has approved a genetically modified variety of industrial hemp designed produce high levels of the CBG (cannabigerol) while eliminating all THC and CBD. CBG is one of 120 cannabinoids found in cannabis. While cannabis...