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Report: California regulators suspend cannabis lab’s business license for questionable test results

California marijuana testing facility BelCosta Labs in Long Beach lost its business permit for allegedly inflating THC potency results for clients and other infractions, MJBizDaily reported Thursday, citing an April 10 letter from state regulators to the lab which said its permit was suspended “effective immediately.” The California Department of …

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Safe Harbor Financial, FundCanna team up to tackle cannabis banking headaches

Safe Harbor Financial (Nasdaq: SHFS) and FundCanna are joining forces to help cannabis businesses break through persistent banking and money barriers, the companies announced Thursday. The new referral deal between Safe Harbor and fellow lender FundCanna creates a one-stop solution for marijuana operators who’ve been largely shut out of traditional …

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Florida’s marijuana patient base continues to grow as lawmakers target hemp industry

Florida’s medical marijuana registry continues to grow, adding roughly 14,000 patients in early 2025. That trend could continue as lawmakers target a key competitor for the industry, proposing tough new hemp rules that could reshape the state’s cannabis scene. Patient numbers rose steadily from 895,000 in January to 909,000 by …