Tag: Marijuana Business Daily

Longtime Bay Area cannabis trade school sues former CFO

The oldest marijuana-focused university in the country, Oakland-based Oaksterdam University,  filed a lawsuit against its former chief financial officer. The lawsuit, among other things, alleges: Assault in 2015 and 2018. Breach of contract. Breach of fiduciary duties. Computer fraud. Oaksterdam CEO and owner Dale Sky Jones alleged in the suit that former CFO Aseem Sappal

Civil rights groups wants ‘holistic’ marijuana reform before banking vote

Seven civil rights groups asked U.S. House Democratic leadership to delay voting on a cannabis banking bill until more comprehensive reform addressing criminal and social justice issues is considered. “We are concerned that if the House approves this bill, it will undermine broader and more inclusive efforts to reform our country’s marijuana laws,” states the

California cannabis testing lab raises $22.6 million for expansion

California-based testing lab Cannalysis raised $22.6 million that will fund its expansion in the state as well as helping it to move into other marijuana markets in the U.S. The Santa Ana-based company raised the money from Canlab, a cannabis, hemp and CBD testing laboratory network. The unusually large raise for a lab also will

Two plead guilty in Massachusetts marijuana license extortion case

Two men who authorities allege extorted money on behalf of the mayor of Fall River, Massachusetts, from companies seeking to obtain a state license to operate cannabis retail businesses have pleaded guilty. Antonio Costa, 51, of Fall River, and David Hebert, 54, of Westport, Massachusetts, pleaded guilty in federal court to charges of extortion, conspiracy

Chicago mayor wants to prohibit rec cannabis stores downtown

Chicago’s mayor wants the city to ban recreational marijuana stores in the central business district, a move that could hurt sales downtown. The bans are in zoning rules proposed this week by Mayor Lori Lightfoot, a Democrat. The “exclusion” zones also would prohibit adult-use MJ sales within 500 feet of schools and in residential neighborhoods,

Nevada regulators investigate marijuana lab testing facilities

Nevada regulators launched an investigation into cannabis testing labs after tainted marijuana batches triggered two health advisories. The Las Vegas Review-Journal reported the Department of Taxation started the investigation after discovering potentially doctored THC levels by cannabis laboratories and products with high levels of yeast and mold on store shelves. Department officials say marijuana products

Survey: Many Ohio medical cannabis patients ‘very dissatisfied’ with program

A survey of Ohio’s registered medical marijuana cardholders found that the price of MMJ remains prohibitively expensive and difficult to buy. According to the Ohio State University’s Drug Enforcement Policy Center and the nonprofit advocacy group Harm Reduction Ohio, patients said the biggest barriers to purchasing medical cannabis, in order, were: High costs of medical

Securities regulator accuses former Canadian Cannabis Corp directors of fraud

Former directors and officers of a Toronto-based cannabis company have been accused by Ontario’s securities regulator of defrauding investors. Canadian Cannabis Corp said Tuesday it received a Statement of Allegations from the Ontario Securities Commission (OCS). According to a report by BNN Bloomberg, the OCS accused the company’s former chief executive and two vice presidents

Maine marijuana regulators try to end seed-to-sale tracking confusion

Maine’s marijuana policy office is seeking to curb confusion about the state’s new track-and-trace system after cannabis business owners complained about feared costs of complying with the new program. The Maine Office of Marijuana Policy conducted a demonstration of a cloud-based software product provided by Florida-based BioTrackTHC that will use barcode-based tags and labels to