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New York cannabis trade group chief sounds alarm over financing barriers, price compression
The nascent legal New York recreational marijuana market – which launched in December 2022 – is on the financial brink, according to the president of one of the state’s larger cannabis trade organizations, who said a lot of license winners have been either flipping their permits or selling equity stakes… …
Michigan cannabis retailer looks to New Jersey amid price collapse
This article was reprinted with permission from Crain’s Detroit Business. Michigan marijuana retailer Quality Roots is looking to bloom in the Garden State as local legal market prices continue to wilt. Birmingham-based Quality Roots opened its Marlton, New Jersey, dispensary earlier this week, looking to capitalize on higher prices and …
Georgia Senate greenlights hemp drinks ban, medical cannabis expansion
In a series of votes that defied typical partisan lines, the Georgia Senate has passed three bills that would simultaneously restrict recreational hemp products while expanding medical cannabis access. It came just before the Crossover Day deadline, when legislation must pass at least one chamber to remain viable this session, …