-
Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures
Sunday, October 13, 2024 - 3:16pm | 525Massachusetts cannabis regulators have fined two prominent companies, Ascend Wellness Holdings (CSE:AAWH) (OTC:AAWH) and Curaleaf Holdings (TSX:CURA) (OTC:CURLF), for violations related to consumer safety practices. The fines, totaling $165,000, were issued after both companies self-reported the...
-
Missouri Cannabis Manufacturer Faces $20M Lawsuit Filed By Contractor After Massive Product Recall
Thursday, July 18, 2024 - 2:38pm | 530Delta Extraction, a Missouri-based cannabis oil manufacturer, is facing a near $20 million lawsuit following last year’s massive product recall. Filed by former contractor SND Equipment Leasing, the lawsuit claims Delta Extraction owes over $13 million for producing THC concentrate oil and...
-
School Proximity Puts $20M Cannabis Contracts in Jeopardy: High Points Of Michigan's Market
Wednesday, December 6, 2023 - 5:48pm | 387After investing $15 million, marijuana operators in Detroit face license revocation due to the facility's proximity to a charter school. Initially granted in 2020, the license was revoked after hiring employees and signing contracts worth $20 million. The operators have sued the city, with...
-
Colorado Leads In Cannabis Compliance, Illinois Grapples With Licensing, Rhode Island Corrects Data
Sunday, October 22, 2023 - 10:34pm | 524Colorado Achieves 99% Compliance Rate In Underage Cannabis Sales Colorado has set a benchmark for compliance in the cannabis industry, achieving a 99 percent success rate in underage sales checks at state-licensed cannabis stores in the current year. According to Marijuana Moment, the Colorado...
-
Unlocking Cannabis Compliance: A Virtual Roundtable For Hispanic Entrepreneurs
Wednesday, June 14, 2023 - 12:35pm | 428When it comes to entrepreneurship in the burgeoning cannabis industry, compliance is more than just a legal obligation, it is an absolute key to success. For Hispanic entrepreneurs venturing into this dynamic and complex sector, understanding and navigating the intricate landscape of regulations...
-
EXCLUSIVE: Avoid Cannabis Lawsuits & Recalls, Get On The Road To Credibility With Blockchain
Thursday, February 23, 2023 - 10:43am | 1213To ensure quality, the cannabis industry relies on information that is not readily available or transparent, which begs a few questions. How can we guarantee that cannabis products are properly certified? How do we avoid recalls and lawsuits while protecting consumers? “There is a...
-
Your Next Nugs Could Be Irradiated With X-Rays...For Your Own Safety
Wednesday, October 12, 2022 - 10:58pm | 532Large and small-scale cannabis cultivation comes with the risk of biological hazards, such as mold and yeast. Most states where cannabis is legal have enacted legislation requiring companies to pass tests before releasing their product to the market. And a failed test can result in fines,...
-
EXCLUSIVE: Simplifya Teams Up With Burns & Levinson To Upgrade Its Cannabis Regulatory Compliance Platform
Wednesday, July 6, 2022 - 7:04am | 451Simplifya, a regulatory and operational compliance software platform serving the cannabis industry, has teamed up with Burns & Levinson, an award-winning national law firm with nearly a decade of experience in the marijuana space. Burns & Levinson will provide real-time finance and lending...
-
Oklahoma State Bank Selects Shield Compliance As Cannabis Banking Partner
Wednesday, January 12, 2022 - 7:05pm | 406Shield Compliance, a compliance management platform for cannabis banking, announced a partnership with Oklahoma State Bank (OSB) to improve the functionality and scalability of its cannabis banking program. Under the agreement, OSB will implement Shield’s solutions to automate compliance...
-
Green Check Verified's CEO On Cannabis Regtech: 'Compliance Can't Simply Be Stated As A Mantra'
Thursday, March 14, 2019 - 11:02am | 1539Green Check Verified is a compliance platform that seeks to help cannabis businesses keep track of and share their compliance history in an attempt to strengthen and stabilize relationships with banking partners — which remain reluctant to service marijuana clients. The company's...