ICYMI: An audio look at some of the week’s top business news developments in the marijuana industry last week.

0
74

California raid nets $8.8 million in illicit marijuana products

California officials continued their crusade against the illicit cannabis market in the state by raiding unlicensed cannabis shops in the Los Angeles area. The state Bureau of Cannabis Control and officers from the Department of Consumer Affairs’ Cannabis Enforcement Unit served 24 warrants and seized $8.8 million in illicit marijuana products, including almost 10,000 vape pens, and more than $128,000 in cash.

US senators ask DEA for cannabis cultivation timeline

Eight Democratic U.S. senators have requested that the U.S. Drug Enforcement Administration (DEA) provide by Jan. 10 a timeline for when it will issue additional marijuana cultivation licenses for research purposes. The letter praised the DEA’s August announcement that it plans to expand marijuana research but reiterated concerns about delays and the failure to fulfill similar commitments from three years ago. The letter also requests detailed information on the DEA’s plans, pending research applications and the current supply of marijuana for research purposes.

An audio look at the top marijuana business stories last week

Our podcast, “This Week In … Marijuana Business News,” recorded live at MJBizCon in Las Vegas, looks at new and evolving U.S. and global business opportunities, cannabis leaders honored at the MJBizDaily Awards gala as well as a potentially devastating planned tax hike on MJ businesses in 2020, among other topics.