Marijuana Business News

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Thu
16
Jun

Spotlight: Tsehaitu Abye, founder and CEO of Black Dragon Breakfast Club, on building community

woman

"There's a lot of power in reclaiming narratives and telling your own story"

Tsehaitu Abye founded Black Dragon Breakfast Club (BDBC) in 2018. The lifestyle brand and marketing agency focuses on helping minorities and women enter the cannabis industry.

Abye founded BDBC after moving to Philadelphia from Hawaii, where she attended high school and college. In The City of Brotherly Love, Abye found that the cannabis scene was lacking, particularly for women of colour.

“I needed to build a community for individuals like myself,” she tells The GrowthOp from Philadelphia.

Four years later, Abye is heavily involved in the cannabis and art scene in the city and is still working to push Black-owned businesses forward.

Wed
15
Jun

3 new recreational marijuana stores opening this week in New Jersey

cannabis shop

Three new recreational marijuana stores will be opening this week in New Jersey, including one location near the Jersey Shore. 

The stores making the transition under the Garden State Dispensary brand from medical marijuana to legal sales are located in Eatontown, Woodbridge and Union. The State Cannabis Regulatory Commission granted the company approval for sales back in May.
 
It brings a total of 16 stores selling adult-use marijuana throughout New Jersey starting at 10 a.m. Wednesday. 
 
Many Jersey Shore communities banned the sale of recreational weed, forcing residents who want it to drive 50 miles to the closest locations. 
 
Wed
15
Jun

How cannabis consumption lounges create safe spaces for BIPOC consumers

woman with weed

The normalization of cannabis could indeed be in the hands of these potential consumption spaces.

Tue
14
Jun

Rove enters the Missouri cannabis market with Black Box vape pens

smiling woman

Rove launched its cannabis vape products into dispensaries across Missouri. Produced locally using a solventless CO2 extraction, 10 SKUs of Rove vapes are now available across the region, with more SKUs on the way this summer. 

Mon
13
Jun

We need to reduce barriers to starting a cannabis business

people using computer

“Our goal is to help others get into the business as well. If we can help others avoid the pitfalls, we would gladly do it.”

Mon
13
Jun

Cannabis companies lacking bankruptcy protections can explore state options

newspaper

As the trend to legalize the medical and recreational use of marijuana continues to blaze through the states, federal law, and bankruptcy courts by extension, have not yet followed suit. Bankruptcy courts have historically prevented cannabis - and even cannabis-ancillary companies - from filing for protection under the United States Bankruptcy Code because marijuana remains illegal under the Controlled Substances Act (CSA) at the federal level. Consequently, financially distressed companies in states where marijuana is legal still have limited restructuring options and must rely on state law options.

Mon
13
Jun

Ayr receives final license to sell adult-use cannabis in Watertown, the company’s second approved adult-use dispensary in Greater Boston

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Ayr Wellness (“Ayr” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announced that the Massachusetts Cannabis Control Commission (“CCC” or the “Commission”) has granted a final license for the sale of adult-use cannabis at its AYR Watertown dispensary in Greater Boston. The CCC voted to grant the final license at its meeting on June 9, 2022.

“With our approval today to open our Watertown dispensary, Ayr will soon have two adult-use dispensaries serving Greater Boston, which has historically been under-served in access to adult-use cannabis,” said Jonathan Sandelman, Founder, Chairman and CEO of Ayr.

Fri
10
Jun

Recreation or wellness? At Canna River, they’re the same.

products

Canna River spills all on their approach to legal and medical cannabis and what makes them stand out in the industry.

Canna River prioritizes both cannabis health and recreation with their unique approach to the plant.

When states began legalizing cannabis, it was a huge gain for everyone who consumes it—no matter the reason. The same can be said for the 2018 Farm Bill. However, the legalities of cannabis also created divisions that don’t exist beyond the law. For instance, hemp and marijuana are the same species of plant, except hemp contains less than .3% THC. Their names are a legal distinction, not a scientific one. 

Fri
10
Jun

Leviathan acquires marijuana technology company One Cannabis Market

kush

Leviathan Natural Products Inc. has completed the acquisition of One Cannabis Market Inc. ("OCM"). OCM is a privately-held technology company that provides solutions to consumers and businesses in dynamic markets. The company's mission is to be the industry leader in cannabis technology by innovation and value creation. (Benzinga)

Fri
10
Jun

MedPharm, Iowa’s first medical marijuana company, changes name to Bud & Mary’s, expands in Iowa and other states

cannabis plants

The new name, now seen on dispensaries in Sioux City and Windsor Heights, reflects shift to recreational pot allowed in other states

Iowa’s first medical marijuana manufacturer and distributor is changing its name, planning a $10 million expansion in Iowa and moving into other states.

MedPharm Iowa will become Bud & Mary’s Cannabis Co., reflecting a shift in the company’s focus from just medical marijuana allowed in Iowa to recreational pot products legal in other states.

“Bud & Mary's deep roots in plant science guides their pharmaceutical approach to producing cannabis products that medical patients can rely on and lifestyle customer can enjoy,” according to a news release late Wednesday.

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