Leading a cannabis company in the U.S. can apparently be a lucrative career option – at least for executives of many of the largest cannabis operators. John Hartmann, chief executive officer of Ascend Wellness Holdings (CSE: AAWH-U.CN) (OTCQX: AAWH), was the highest-paid CEO among leading publicly traded cannabis company executives …
Tag: Midwest
Washington state lawmakers weigh cannabis event consumption proposal
Lawmakers in Washington state are now considering a bill that would create a new class of cannabis business permit for event organizers who want to include cannabis consumption areas. The measure, House Bill 1932, would allow organizers to hold up to one three-day event per month at which visitors could …
New Jersey has yet to spend $6 million in cannabis taxes earmarked for social equity
More than $6 million in cannabis tax revenue collected by New Jersey since 2022 for the purpose of funding limited reparations from the war on drugs had not been used as of August, and it’s not yet clear when or if it’ll be used. The state Cannabis Regulatory Commission just …
Michigan’s largest cannabis company looks to tap hemp-derived THC market
This article was reprinted with permission from Crain’s Detroit Business. As oversupply hammers prices and the industry remains walled off from other states’ markets, Michigan’s largest cannabis company is heading south to boost its bottom line. Evart-based Lume Cannabis Co. founded a new company, Lume Hemp Co. in Florida, to …