California
SCOOP: Cresco Labs faces arbitration amid Col. Care merger push
By
Alex Halperin
Jun 14, 2023
Jun 14, 2023
As MSO Cresco Labs pushes to close its $2B acquisition of rival Columbia Care, it has been embroiled in an arbitration related to another deal. The claims stem from Cresco's acquisition of California operator Origin House, which closed in January...
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california
Calif. Industry presses for tax break after Newsom snub
California's cannabiz is still pushing to repeal a coming excise tax hike, despite Gov. Gavin Newsom leaving it out of his proposed state budget this week. If industry efforts fall short, flailing operators will be hit with an excise tax...
california
Desperate Los Angeles licensees shut down meeting
Police had to be called in after disruptive licensees and their allies shut down an oversight committee meeting in Los Angeles yesterday. There were no arrests, a source said.Footage posted, and apparently taken by, Elliot Lewis, CEO of 30-store retailer...
california
“A debt trap:” Los Angeles market crisis deepens
“This is not equity, this is exploitation!” Evelyn Brinson co-owner of Mid-City Los Angeles social equity dispensary The Green Paradise seethed to a city council committee in April. “It’s a fucking fee trap.”Long simmering tensions between struggling businesses and LA’s...
california
Calif. confirms 25% excise tax hike
California's tax agency confirmed Thursday that it would to raise the cannabis excise tax from 15% to 19%, the maximum possible increase, starting July 1. Stopping the tax hike is a top priority for the state's sputtering industry which argues...
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NuggMD Announces Winners of 2025 Patient Choice Awards
NuggMD, the country’s leading telehealth platform for cannabis, today announced the winners and the runners-up of the 2025 Patient Choice Awards for cannabis brands, products, and technologies.Key Takeaways (TLDR)TLDR provided byTop brands and products in cannabis industry recognized by 3,500...
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Federal Court Dismisses All Claims Against Flavorade Founder Nick Coburn “With Prejudice”
Flavorade Extracts celebrates a major legal victory as a Federal Court dismisses all claims brought by Greenmount LLC (dba Cold Fire Extracts)Key Takeaways (TLDR)TLDR provided byCourt dismisses all claims against Nick Coburn, founder of Flavorade Extracts, giving him a legal...
