A special per-ounce cannabis fee levied on licensed marijuana growers in New Jersey was more than doubled this week, to $2.50 from $1.24, to help pay for a special fund dedicated to boosting cannabis social equity entrepreneurs. The fee hike, which goes into effect on Jan. 1, was approved this …
A New York state judge on Thursday blocked cannabis regulators from reviewing retail license applications submitted by prospective social-equity marijuana sellers who hadn’t secured store locations before November 2023, dealing another setback to the state’s rocky rollout of its adult-use market. New York Supreme Court Justice Sharon A. Graff granted …
A Berkshire Hathaway (NYSE: BRK.A) insurance unit is looking to dismiss a lawsuit brought by cannabis company Trulieve over coverage related to a worker’s death in Massachusetts, arguing the worker wasn’t employed by any of the companies seeking protection. In a motion filed Monday in Florida federal court, Berkshire Hathaway …
New York’s legal cannabis market is approaching the $1 billion sales mark, signifying that the rollout has course-corrected significantly from a year ago. But the same ongoing market maturity now has some insiders raising questions about whether regulators will take steps to avoid oversaturation. The state Cannabis Control Board at …