Cannabis Business

The Unified Cannabis Enforcement Taskforce (UCETF) in California has achieved a significant victory against the illicit cannabis market. In a recent sting operation in Los Angeles, authorities seized more than 2.2 million illegal cannabis packages, Governor Gavin Newsom’s office announced on Tuesday. The extensive operation was led by the California Department of Tax and Fee […]

The international industrial hemp market is set to expand significantly, with projections indicating a growth of USD 13.90 billion between 2023 and 2028. This surge reflects a compound annual growth rate (CAGR) of 25.25%, according to a recent Technavio analysis based on market data from 2018 to 2022. The report forecasts a near 19% year-over-year

Ohio’s cannabis dispensaries with provisional dual-use licenses generated over $11.5 million in adult-use cannabis sales during the first five days of legalization, according to data from the Ohio Division of Cannabis Control. The dual-use licenses, which allow operators to conduct both medical and adult-use sales, were issued earlier this month, with adult-use sales beginning on

New York Governor Kathy Hochul, alongside New York City Mayor Eric Adams, has announced that state and city task forces have shut down more than 1,000 illegal cannabis operators since the governor expanded the state’s enforcement capabilities. This significant action follows an audit ordered by Hochul in March, aimed at addressing delays and issues in

A 21-year-old man, Ali Mahmood Ahmed Abdullah Ghaleb, was arrested in Norwalk, Connecticut, for allegedly selling cannabis products without a license, some of which tested positive for fentanyl, according to the Norwalk Police Department. The arrest is part of an ongoing investigation into smoke shops operating without proper licensing. Ghaleb faces multiple charges, including possession

The Massachusetts Cannabis Control Commission has taken a significant step to support cannabis delivery operators by approving draft regulations that remove the controversial two-driver rule, a change that is set to ease the financial burden on delivery companies and potentially improve their profitability. The decision, made on Friday, marks a pivotal shift in the state’s

The Southern Ute Indian Tribe has made a significant investment in the future of hemp production with the opening of a 500,000-square-foot hemp processing facility in Wichita Falls, Texas, as reported by the Durango Herald. The Panda Hemp Gin facility, which celebrated its grand opening last month, is set to process hemp straw for various

Tilray Brands, Inc. announced that its Germany-based cultivation facility, Aphria RX GmbH, has received a new cultivation license under Germany’s recently enacted adult-use cannabis legalization law. Aphria RX, which was originally licensed in 2019 for Germany’s medical cannabis program, is now authorized to cultivate and manufacture a broader range of cannabis products. With this new

Last month, Fairfield, California, law enforcement and the Department of Cannabis Control (DCC) conducted a major operation that uncovered three indoor illegal cannabis grows. The operation, involving Fairfield’s Special Operations Team, Code Enforcement Unit, and Patrol, led to the discovery of 2,624 illegally grown plants. Fairfield Police Department reported that fines totaling $1,313,000 were issued

If the Drug Enforcement Administration (DEA) decides not to move forward with marijuana rescheduling, many small and minority-owned cannabis businesses will face closures, resulting in significant economic losses and unemployment, according to a new industry report. However, enacting the reform could grow the sector, potentially adding more than 50,000 jobs by 2030. The Minority Cannabis