Republican lawmakers in the Ohio Legislature are poised to roll back gains made by cannabis activists when voters approved recreational marijuana in 2023 with the introduction of a bill that would drastically change the state’s cannabis business landscape. The measure, Senate Bill 56, introduced by Sen. Steve Huffman, would making …
Colorado Springs: City Council Seeks to Overturn Election Outcome with New Marijuana Repeal Question
“Whether or not one personally supports or opposes cannabis legalization, these cynical and undemocratic tactics ought to be a cause of deep concern.” The post Colorado Springs: City Council Seeks to Overturn Election Outcome with New Marijuana Repeal Question appeared first on NORML.
Nextleaf loss widens despite 66% revenue growth in 2024
Cannabis processor Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) reported strong revenue growth in fiscal year 2024, though higher operating expenses pushed the company into a loss. The Vancouver-based company reported gross revenue of $16.6 million for the year ending Sept. 30, 2024. After excise taxes, net revenue …
Safe Harbor Financial CEO to step down, successor named
Safe Harbor Financial (NASDAQ: SHFS) announced Wednesday morning its CEO Sundie Seefried will step down next month, with Terry Mendez named as her successor at the cannabis banking services provider. Seefried will serve as co-CEO for a 30-day transition period before retiring from her executive role, though she will remain …