Cannabis Business Times

Do you have questions about: ⚪ retrofitting your grow from HPS to LED, how it can save you money and potentially earn you cash in rebates? ⚪ what ERP (enterprise resource planning) is, how it can streamline your operation and how to select the right solution and then navigate implementing it into your business? ⚪ automating your concentrates packaging and how it can save you time and money over manual packaging? ... and more? Our experts have answers! In CBT's free, 90-minute webinar style virtual event, experts at Fluence, Velosio, Lowtemp Industries and Dama Financial ... will share lots of insights that will help you operate your business more efficiently and strategically—whether in the grow room, your business/financial operations or your processing/packaging center. Join us July 24 for this information-packed event ... and bring your questions! Register here: https://lnkd.in/gKb8r_SC

All eyes have been on the draft 2024 Farm Bill and specifically the THCA element, as the article "THCA in the Farm Bill: Amendment Goes Far Beyond Closing ‘Loopholes’" by CBT Associate Editor Tony Lange leads Cannabis Business Times' most-read stories in June. The Cannabist Co.’s Florida exit, Ohio’s adult-use sales riddle and myriad hemp-related coverage were also among the most-read articles this month. You can find all of CBT's most-read stories this month here: https://lnkd.in/e4zHFdx2

From MSOs to Ohio-based companies--new and old--there lies significant opportunities ahead with the Buckeye State's adult-use cannabis sales launch. So far, 31 of Ohio's medical cannabis retailers and 15 cultivators received provisional licensure to transition their operations to the state’s forthcoming adult-use program. Still, an actual launch date for dispensary sales remains somewhat of a riddle, even though it could be just days away. Here's what to know 💡💡💡

For the first time ever, maritime transport of state-legal cannabis in Massachusetts is now permitted. The reversal of the existing policy that banned transporting cannabis on intrastate waterways comes as part of a settlement in a lawsuit Vicente LLP filed against the state's Cannabis Control Commission on behalf of licensed dispensaries on the islands of Martha’s Vineyard and Nantucket. Read more here: https://lnkd.in/g8ZYHvHj

Are you reusing water from HVAC condensate and irrigation leachate? Did you know that your substrate and container choices can also impact your water usage? As water increasingly is viewed as a precious resource, regulatory pressures regarding commercial cultivation runoff are becoming progressively commonplace. Get tips to reduce water waste and increase circularity opportunities in the Resource Innovation Institute's newest column by Robert Eddy, M.S. here: https://lnkd.in/gAd--CDB

Pennsylvania lawmakers release an adult-use cannabis legalization bill as the state's 6yo medical market cracks $6 billion in sales, rivaling Florida as the most robust medical market in the nation. State Reps. Aaron Kaufer and Emily Kinkead -- who wrote a memo June 17 to their House colleagues urging them to support the bill -- point to neighboring Ohio, saying the Buckeye State is "primed to open its [adult-use] market with the lion’s share of their licenses perched on the border of Pennsylvania as they seek to take capture Pennsylvania dollars into their market." Read the story by CBT Associate Editor Tony Lange here: https://lnkd.in/eQCGhZcM

The Cannabist Co. is exiting the Florida cannabis market after $19M loss in 2023. It's divesting three cultivation facilities, 14 dispensaries and its license in the Sunshine State. It also initiated a corporate restructuring. Get the details here: https://lnkd.in/eVZ9YqaB The Cannabist Company Cannabist

A class action suit filed June 12 calls New York City’s crackdown on ‘Illegal’ cannabis shops unconstitutional. Dozens of businesses are suing the city and several of its officials for enforcing the SMOKEOUT Act and closing allegedly illegal stores without judicial review. https://lnkd.in/e9up_uwx

Cannabis beverage sales growth is slower than edibles sales growth ... and beverages continue to comprise a small slice of the overall cannabis market, according to BDSA. Read more here: https://lnkd.in/esdkBV_s

A recent study finds cannabis dispensaries increase home values by 2 percentage points on average. Despite unfounded claims arguing that cannabis retailers can depreciate surrounding home prices, data from multiple states, including Colorado, Illinois and Michigan, show positive impacts. https://lnkd.in/efTWRZej