(This story first appeared in the November-December issue of MJBizMagazine.) The executives behind New York cannabis infused products company Jaunty learned the hard way that even the best-laid plans can go awry because of the unexpected. The company – called Naturae before it rebranded in late September – received its adult-use marijuana business license in summer 2022. The […]
The law enforcement crackdown on illicit New York City marijuana shops that state regulators have credited with salvaging the legal market is unconstitutional, a Queens judged has ruled. According to the Associated Press, Mayor Eric Adams said the city will appeal the ruling, which jeopardizes Operation Padlock to Protect. The crackdown effort launched in May […]
As New York continues ramping up its adult-use cannabis market, some industry insiders are beginning to sound an alarm: Hundreds of social equity retailers may lose their permits soon if regulators don’t extend mandatory deadlines for those licensees to get open for business. The problem, two cannabis lawyers explained, is that the first round of […]
The Daily Hit is a recap of the top financial news stories for Monday, October 28, 2024. On the Site StateHouse receiver says cannabis receiverships on the rise A principal at Receivership Specialists, which was tapped by a court to oversee the distressed StateHouse Holdings, said demand for marijuana receivership services is on the upswing, […]
New York marijuana regulators over the summer quietly banned caffeine-infused cannabis pills, with a notice to marijuana company Hudson Cannabis and its brand 1906, which until recently sold a pair of product lines that mixed the two popular chemicals. According to the New York Post, the state Office of Cannabis Management sent Hudson Cannabis a […]
A small shop in upstate New York near Rochester has been hit with a $9.5 million fine after the owner ignored a cease-and-desist order to stop selling cannabis without a license. George West, the owner of Jaydega 7.0 in the town of Canandaigua, was slapped with the enormous fine this week by Attorney General Letitia […]
New York marijuana regulators on Thursday gave the thumbs up to another 141 new adult-use cannabis company permits, and for the first time since 2015 added a new trio of vertically integrated licenses to the medical side of the industry, on top of the existing nine “registered organizations.” The move is another significant expansion of […]
