Category: Marijuana News

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Cali Cannabis Giant Herbl Seeks Recovery After Collapse

California-based cannabis distribution giant Herbl is seeking legal action to recover approximately $10 million owed by retailers, following the company’s fall into receivership in June. Concurrently, Sunset Connect, a former brand partner of Herbl, is suing to recover a six-figure debt that Herbl allegedly owes. This unfolding struggle within the prominent distribution company reflects broader concerns about the potential demise of more California cannabis businesses due to financial constraints affecting the state’s marijuana industry.

Herbl’s collapse highlights challenges posed by federal prohibition, preventing cannabis companies from using conventional remedies such as bankruptcy proceedings. The company’s situation underscores critics’ arguments against California’s mandatory distribution model and existing tax structure, particularly during a bear market where creditors seek swift returns or recall capital from cash-strapped businesses. This predicament, seen as a byproduct of the industry’s setup and current market trends, signals the possibility of more business failures due to the creditor crunch, further complicating the cannabis landscape.

Legal documents from Los Angeles and Orange counties reveal that Herbl has initiated…

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Cali Marijuana Industry Faces Debt And Tax Woes

The cannabis sector has struggled with mounting debt for years, and recent changes in tax laws have intensified the industry’s financial woes to a breaking point with business closures looming. A San Francisco lawmaker introduced legislation targeting pot businesses that default on their debt payments, signaling the severity of the situation. Debt problems have plagued the cannabis industry for some time, with a 2022 report revealing an astounding collective debt surpassing $600 million.

A significant tipping point was reached this year with a shift in tax law, transferring the responsibility of cannabis excise tax payments from distributors to retailers. This shift became evident with the first tax payments due on May 1, exposing a significant hurdle for many cannabis retailers.

State tax data indicates that retailers are struggling to pay their state excise taxes, especially by the May 1 deadline. Shockingly, more than 13% of California’s retailers, equivalent to 265 pot shops, failed to make any tax payment by this deadline, putting them at risk of a 50% penalty on their unpaid taxes. The figure might rise further, as the state….

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Florida Appeals Court Ruling Opens Door For Third-Party Menu Hosting

A three-judge panel from the 1st District Court of Appeal recently ruled in favor of e-commerce service providers, which include companies like FL Dispensaries, iHeart Jane and Nationwide Dispensaries.

Florida’s medical program has been frustrating for many thanks to its limited-license structure, which keeps the market largely dominated by huge multistate operators. Luckily, this development allows e-commerce platforms with dispensing services to get on board.

The backstory to this ruling is quite intriguing. Back in February of 2021, most, if not all, of Florida’s medical marijuana operators ceased using third-party services after regulators warned them of potential fines of up to $5,000 every time they got caught. The Florida Department of Health argued that online cannabis e-commerce companies were violating a state law that prohibited third-party cannabis service providers.

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Strain Review: Blue Dream

Blue Dream is everywhere, man. It’s one of those classic strains that a lot of people skip at the dispensary in favor of strains with names like Titty Sprinkles or Purple Monkey Balls that check in at double the average potency. And at risk of sounding like every other person on the internet writing strain reviews, Blue Dream deserves attention. So I set out to get my hands on some.

Let me tell you; it wasn’t as easy as you’d think. Blue Dream is one of the most counterfeit strains out there. Back in the golden days, when legalization was just beginning to spread, it didn’t matter where weed was sourced. You could get it from some dude growing dope in his basement and sell it as medicine in your dispensary. There’s a huge chance the guy himself didn’t even know what it was and would give it a familiar name like Blue Dream— or, y’know, Girl Scout Cookies, AK-47, and so….

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Over Half of America Has Tried Pot!

Yep— you read that right. A record high of 50% of American people have tried weed at some point in their lives, which is a drastic increase from the 4% of people who tried weed back in 1969 at the height of prohibition.

Conducted between July 3rd and 27th of 2023, Gallup’s recent Consumption Habits survey found a surge in the percentage of Americans who have experimented with weed, along with those who currently use it.

These trends have ignited discussions about their potential implications for future cannabis legalization efforts, with experts suggesting that increasing acceptance of marijuana use could lead to heightened support for legalization. Here’s a breakdown of the findings:

  • A record high of 50% of Americans acknowledged trying marijuana at some point in their lives, signaling a steady increase over a quarter-century period.
  • This figure is notably higher than the 45% reported in both 2017 and 2019, representing a significant shift in attitudes over a relatively short period.
  • Furthermore, Gallup’s survey revealed that approximately 17% of…

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Alabama Cannabis Commission Voids & Awards New Licenses

Medical cannabis in Alabama has been moving at a snail’s pace since 2021. While it’s taken years for it to finally make its way into daily life, things are starting to look up and Alabama residents might have access to their medicine by 2024.

The Alabama Medical Cannabis Commission (AMCC) had a hiccup recently when they realized there were some scoring discrepancies for the applicants and ultimately decided to scrap the licenses they’d awarded on June 12th. On August 10, 2023, the AMCC met up again and handed out new licenses to some lucky winners. Who got the golden tickets? Here’s the rundown:

Integrated Facility Licenses (Allowed to cultivate, process and distribute medical cannabis)

  • Insa Alabama, LLC
  • Flowerwood Medical Cannabis, LLC
  • Southeast Cannabis Company, LLC
  • Sustainable Alabama, LLC
  • TheraTrue Alabama, LLC

Cultivator License (Allowed to cultivate medical cannabis)

  • Gulf Shore Remedies, LLC
  • Pure by Sirmon Farms, LLC
  • Blackberry Farms, LLC

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Strain Review: Gorilla Glue, Aka “Original Glue” (GG)

Gorilla Glue has gained nationwide popularity as a potent, indica-dominant hybrid known for its relaxing, stress reducing effects. Since the strain’s introduction in 2010, cannabis breeders have created various iterations of the strain, a sign of its enduring popularity among consumers and growers alike. In this article, we’ll focus on the original Gorilla Glue strain, which is available at a variety of Nationwide Dispensary locations.

Gorilla Glue is one of the most popular strains on the market today, known to deliver an intensely pleasurable body buzz, while melting away stress and discomfort for the ultimate couchlock effect. This strain leaves consumers feeling comfortable, tranquil, and content. With powerful pain relieving and anti-inflammatory compounds–accompanied by stress-reducing and mood-boosting terpenes–Gorilla Glue is a popular option for patients managing various forms of discomfort, depression, stress, and insomnia.

Below, we discuss the full range of effects and benefits associated with Gorilla Glue, providing everything you need to know about this indica-dominant hybrid. In collecting this information, we’ve combined hundreds of reviews from real consumers, with…

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Minnesota Recreational Cannabis Implementation Details

Like the others, Minnesota’s journey towards legalizing recreational cannabis has been complex and evolving, one to say the least. Now, adults aged 21 and older are allowed to purchase and possess up to 1.5 ounces (32 grams) of cannabis flower while up to two pounds are allowed at home. Citizens can also grow up to eight plants per household for personal use.

That said, for the same reasons you can’t Edward 40-Hands a couple of Old English bottles anywhere you want in town, public consumption remains illegal. Driving under the influence of cannabis continues to be illegal.

Don’t expect to walk into a local dispensary any time soon. There are two tribal nations in northern Minnesota who will open recreational dispensaries this month – the Red Lake and the White Earth nations exercised their rights, under tribal sovereignty, to allow sales. But most other dispensaries aren’t expected to be up and running until early 2025. The state continues to work on a licensing and regulatory system….

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The Expanding Florida Marijuana Market: A Closer Look

Florida has one of the largest medical cannabis industries, supporting over 800,000 patients and tallying up a massive net worth of $1.75 billion— projected to reach $2.4 billion by 2026. 

Right now, multistate operators (MSOs) are racing to expand their retail presence in the state’s lucrative market by strategically positioning themselves in anticipation of potential adult-use legalization. This move could bring about a lot of huge opportunities in the retail space.

However, investing in it is still questionable.

Medical dispensaries are currently creating fierce competition and toeing the line of saturating Florida cannabis market. As a result, current license holders are discounting their products deeply to compete, even though many companies are reporting flatlining sales.

Even though prices are getting cut left and right and analysts see all the signs of saturation, representatives of these companies believe that the store saturation point hasn’t been hit yet— especially if full recreational legalization is on the horizon.

Verano Holdings, an MSO based in Chicago, just opened its 70th store and is now the second-largest company in Florida regarding the number of stores. They’re right behind Trulieve Cannabis, which opened its 126th store in August. Other MSOs like Curaleaf Holdings and…

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Ohio Adult Use Recreational Cannabis Push 2023

After legalizing medical marijuana in 2016, the state of Ohio could soon become an adult-use market, now that local organizers have collected enough signatures to secure recreational cannabis’s spot on the upcoming November ballot.  The Coalition to Regulate Marijuana Like Alcohol broke local news headlines after announcing, in early July, that they had already collected an unprecedented 222,000 signatures in support of the initiative, and required only 679 more to include the issue in the upcoming municipal election.

The Coalition was granted an extension, and just days before the August 4th deadline, they announced that they had gathered “more than enough signatures” to achieve their goal: “Today, our Coalition submitted 6,545 additional signatures to the Ohio Secretary of State, well above the 679 left to get on the ballot this November.”

The Coalition has pushed residents and lawmakers to incorporate their petition since January 2022, and the carefully-crafted proposal is modeled off of successful recreational marijuana programs in other legalized states, while incorporating the existing regulatory framework in place for the Ohio’s medical dispensaries. The Coalition’s goal is to transform Ohio into an adult use market in which any resident, aged 21 and older, can simply “walk into” a dispensary and purchase…

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