Latest Stories
SEC Wins Default Judgment in Alleged CBD Oil Vape Ponzi Scheme
A California man accused of misusing more than $32 million in investor funds in a cannabis oil related Ponzi scheme failed to respond to a SEC complaint, leading a federal court in California to grant the agency’s request for a default judgment.
Virginia Medical Weed Grower Denied Challenge to Permit Loss
A Virginia medical marijuana grower failed to convince a state court to overturn the pharmacy board’s revocation of its conditional permit to operate a cannabis processing facility.
Weed Museum and 100 New Licenses to Boost NYC’s Market: The Dose
This week, a marijuana museum backed by a Las Vegas nightclub impresario and an investment manager will open in the affluent SoHo neighborhood of Manhattan, just as more than 100 new dispensary licenses go to New Yorkers previously arrested for cannabis crimes. The moves come as more out-of-state businesses flood in, and regulatory efforts intensify to try to overtake the booming black-market marijuana market.
New York’s Richest Enclaves Are Shutting Out the Weed Business
When New York state legalized cannabis two years ago, it gave municipalities the choice to opt out of allowing dispensaries in their jurisdictions. In Long Island, 85% of municipalities opted out, leaving just four towns outside of New York City — Babylon, Brookhaven, Riverhead and Southampton — plus a few villages that said yes to dispensaries.
New York Hemp Seed Broker Loses Lawsuit Against Organic Farm
A New York hemp seed broker can’t pursue claims that it bought bad seeds from an organic farm in Colorado because it failed to show it was injured, a federal trial court ruled.