Arizona Medical Cannabis Business & Marijuana Legal News


Marijuana MSO Harvest announces layoffs, other pivots in $24M cost-cutting

Arizona-based multistate cannabis operator Harvest Health & Recreation revealed that it recently cut $24 million in expenditures – including laying off an undisclosed number of workers – in an effort to “rightsize” the company’s operations. According to the Phoenix Business Journal, Harvest disclosed during a May 20 earnings call that a “small amount” of the […]

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Ex-Harvest employees file suit against the marijuana firm, alleging violations

Two former employees of Arizona-based Harvest Health & Recreation have sued the multistate cannabis operator, alleging they were forced out after alerting management the business had committed multiple violations of state law. The lawsuits, filed April 23 in Arizona Superior Court in Maricopa County, contain parallel allegations of a “continuous pattern of activity which violates […]

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How 4/20 played out for marijuana businesses around the US

Cannabis companies across the United States reported a mixed bag for sales this year leading up to the industry’s most celebrated day: 4/20. While the surge of consumer stockpiling based on concerns about the coronavirus pandemic boosted some companies’ bottom lines, others were hurt by restrictive stay-at-home orders that prevented in-person sales. Marijuana Business Daily […]

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New report analyzes US wholesale cannabis prices across the nation

In the video clip below, Bart Schaneman, cultivation and extraction reporter for Marijuana Business Daily, summarizes pre-coronavirus pandemic wholesale prices for the U.S. recreational and medical cannabis markets. To provide a more in-depth look at how wholesale prices vary from state to state – including price comparisons and supply-and-demand analysis – Schaneman compiled his reporting into a […]

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Marijuana firm Harvest Health discloses litigation over Interurban purchase

Phoenix-based multistate marijuana operator Harvest Health & Recreation is in litigation with Interurban Capital Group, the former owner of the Have a Heart dispensary group that Harvest acquired in March for $85.8 million. Harvest CEO Steve White unveiled that news during his company’s quarterly results call on Tuesday. White said Harvest and Interurban entered the acquisition discussions […]

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Week in Review: Marijuana firms cut costs amid COVID-19, L.A. cannabis licensing audit, NYSE aims to delist CannTrust & more

Three multistate marijuana operators – 4Front Ventures, MedMen Enterprises and Acreage Holdings – announced cutbacks in bids to accelerate their paths toward profitability, even as some experts questioned the overall financial strength of the industry amid the coronavirus crisis and a contracting economic climate. MJBizDaily takeaway: There have been plenty of shakeups recently at the C-suite level […]

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Big cannabis companies scale back amid coronavirus, raising questions about industry’s overall health

The COVID-19 outbreak is causing serious jitters among large cannabis companies, with a growing list of multistate marijuana operators scaling back by laying off workers and shuttering operations in a bid to slash costs. The widespread cutbacks this week by Acreage Holdings, MedMen Enterprises and 4Front Ventures also call into question the overall health of the marijuana industry […]

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Cannabis giant 4Front cuts workforce, appoints new CEO

Multistate marijuana operator 4Front Ventures on Monday said it has slashed its corporate workforce by almost 40% and cut the number of employees at its recreational and medical cannabis stores by almost 45%. The company did not release the number of employees who lost their jobs. The cuts, which took place over the past four […]

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Week in Review: Recreational marijuana sales tumble, cannabis stores open during pandemic, Harvest-Verano deal dead & more

Only a few days after adult-use marijuana sales soared amid the coronavirus scare, they took a nosedive. MJBizDaily takeaway: The roller-coaster ride in marijuana sales was to be expected. Initially, consumers, panicked by the pandemic, stockpiled products. The sudden drop might mark a natural decline after consumers stocked up before sheltering in place, or it could be […]

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