Colorado MED Serves Notice on Hemp-Derived THC
MG Magazine
by Press Release
16h ago
COLORADO – On Friday April 12th, the Marijuana Enforcement Division (MED) released a Notice informing the industry of “multiple allegations” of licensees illegally bringing hemp derived THC distillate into the regulated market. While there are few details due to this being an ongoing investigation, the Marijuana Industry Group (MIG) commends the MED for taking swift action to protect public safety and preserve the integrity of the regulated marijuana industry. Truman Bradley, Executive Director of MIG, had this to say, “MIG members are delighted to hear the news. Regulation doesn’t guarantee t ..read more
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Morgenstern’s Finest Ice Cream Team to Celebrate 420 with Exclusive Flavor
MG Magazine
by Press Release
16h ago
NEW YORK — Cannabis delivery service Doobie has partnered with New York’s iconic Morgenstern’s Finest Ice Cream to give away “Doobie Scoobie Snacks,” a limited-edition ice cream flavor that celebrates the annual 420 holiday. Available April 19 to April 21 via DoorDash, customers who purchase a pint of Morgenstern’s ice cream will receive a complimentary pint of “Doobie Scoobie Snacks”—and a coupon for free delivery from Doobie within its NYC service area. “This collaboration with Morgenstern’s is a celebration of how far the cannabis industry has come and where it’s headed,” said Jessica ..read more
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Ben & Jerry’s Doubles Down on Cannabis Justice Advocacy, Calls for Cleared Records
MG Magazine
by Press Release
16h ago
BURLINGTON, Vt. — It’s high time to do more about cannabis criminalization and the disproportionate way it continues to affect communities of color. This 4/20, nationally and locally lead with ACLU and AZ Justice Project, respectively, Ben & Jerry’s is focused on one message: Legalization without justice is half baked. The Vermont ice cream maker is supporting ACLU’s call for state governors across the country to grant sentence reductions or pardons, legally known as clemency, to people serving cannabis-related sentences. Even in states like Arizona, which legalized cannabis use ..read more
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Mary Jones Named High Spirits Awards Best Cannabis Soda for Second Consecutive Year
MG Magazine
by Press Release
16h ago
SEATTLE — Jones Soda Co., the original craft soda known for its user-submitted photo labels, today announced that its crossover cannabis brand Mary Jones has been named Best Cannabis Soda for the second year in a row and Platinum Medal winner in California’s 2024 High Spirits Awards. The beverage competition awarded Mary Jones THC-infused 10mg Berry Lemonade for both its Best Cannabis Soda and Platinum Medal honors. 2024 marks the second consecutive year that Mary Jones has been recognized by the High Spirits Awards. Mary Jones 10mg Berry Lemonade was also the 2023 High Spirits Gold ..read more
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Nevis Brands Reports Financial Results for Q1 2024
MG Magazine
by Press Release
16h ago
SEATTLE – Nevis Brands Inc., a leading provider of cannabis beverages brands, reported its financial results for the first fiscal quarter ended February 29, 2024.  All currency references used in this news release are in Canadian currency unless otherwise noted. For the quarter, Nevis generated $380,729 in revenue and Cost of Goods Sold of $137,223 for a Gross Profit of $242,835. Net loss for the quarter was $82,117. When excluding interest, depreciation and amortization, the loss was $20,535. Management Commentary John Kueber, CEO of Nevis Brands, commented, “We are pleased to start ..read more
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Slow but Significant Progress: Update on 3 Catalyst Cannabis Lawsuits
MG Magazine
by Howard Sykes
2d ago
LOS ANGELES – As the saying goes, “the wheels of justice grind slowly, but they do grind.” While the saying is usually applied to criminal cases, the same is true of civil litigation, including three lawsuits involving Catalyst Cannabis, the company’s chief executive officer, and associated entities 562 Discount Meds, South Cord Holdings (SCH), and HNHPC Inc. In a sense, all three cases stem from the same allegations put forth by Catalyst Chief Executive Officer Elliot Lewis: Catalyst competitor Glass House Brands, combined with lax oversight by California’s Department of Cannabis Control (DCC ..read more
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Resolving the Industry’s Tech-Stack Connectivity Issue
MG Magazine
by Mike Kennedy
3d ago
Unscalable. Clunky. Siloed. That’s how many users describe today’s cannabis technology stacks. The reason? Cannabis-specific software-as-a-service (SaaS) platforms suffer from poor connectivity with one another, making it difficult for businesses to create interapplication workflows or solutions that require multiple third-party systems. Today’s businesses require fast, reliable, and compliant tech-stack connectivity. But with the industry still in its infancy, there’s a long road ahead to create seamless infrastructure and connectivity. It’s up to the community at large to ensure the road is ..read more
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Disbarred Lawyer Cons Investors Out of $18 Million
MG Magazine
by Sue Dehnam
3d ago
BEVERLY HILLS, Calif. – A disbarred lawyer with multiple previous fraud convictions admitted to bilking investors out of $18.4 million to fund a nonexistent hemp farm, infused retail products, and a bottling business. The schemes were just the latest in Mark Roy Anderson’s conman career, which has spanned more than three decades. Anderson, 69, pleaded guilty to two counts of wire fraud in April and agreed to forfeit fifteen vintage and luxury cars for which he paid $650,000; a $1.3-million gated residence in Ojai, California, and other ill-gotten gains. He also faces up to forty years in ..read more
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Delinquent Payments Topped $3.8 Billion in 2023
MG Magazine
by Sue Dehnam
3d ago
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research consultancy Whitney Economics. Worse, according to its U.S. Cannabis Delinquent Payments Report, the firm expects delinquent bills to top $4.2 billion this year unless regulators step in to stem the rising tide of debt. In 2023’s fourth quarter, Whitney Economics deployed a survey asking cannabis operators and ancillary businesses about the impact of delinquent payments. In addition, the Whitney Economics team conducted interviews with survey ..read more
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CAA Manitoba Survey Reveals Alarming Data on Cannabis-Impaired Driving
MG Magazine
by Press Release
3d ago
WINNIPEG, MB – CAA Manitoba (CAA MB) is encouraging Manitoba drivers to remain vigilant this month by driving responsibly – and sober. In a recent survey conducted by CAA Manitoba, alarming data highlights concerns related to cannabis-impaired driving, particularly involving edibles. Key findings from the 2023 survey found that since legalization, a third of impaired drivers (27 per cent) in Manitoba have driven a vehicle after consuming an edible form of cannabis. “The data shows us that there is a significant number of impaired drivers under the influence of edible cannabis wh ..read more
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