One of California’s leading legal cannabis companies announced Thursday that it is seeking receivership, looking to sell off all of its assets as it faces mounting financial losses and eventually to shut down the sprawling business. Gold Flora CEO Laurie Holcomb said in a Thursday news release that it was “a difficult but correct decision” to sell off the company’s 16 … [Read more...] about California cannabis company with 16 dispensaries, $100M in revenue collapses
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MedMen Reportedly Closes All But Two California Locations
According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday. Green Market Report, citing a former staffer at the company, reported that “[although] no one connected with MedMen’s corporate headquarters could be … [Read more...] about MedMen Reportedly Closes All But Two California Locations
Schumer makes last-ditch push for cannabis banking bill
Schumer plans to push the bill with the other three House and Senate leaders in omnibus meetings on Friday and through the weekend. | Alex Wong/Getty Images By Natalie Fertig Senate Majority Leader Chuck Schumer is making a final push for inclusion of the cannabis banking bill in the omnibus funding package. According to a senior Senate Democratic aide, Democrats shared the … [Read more...] about Schumer makes last-ditch push for cannabis banking bill
