BelCosta executives asserted any problems were innocent mistakes rather than nefarious acts.
BelCosta executives asserted any problems were innocent mistakes rather than nefarious acts.
CEO: The company was "somewhat impacted by broader industry dynamics," due in part to the failure of Amendment 3 in Florida.
The bill could still become law, however, because Arkansas only requires a simple majority to overturn a governor's veto.
The latest effort, dubbed STATES Act 2.0, would nullify 280E and protect state-legal cannabis markets.
The lawsuits claim that regulators are ignoring market irregularities in the track-and-trace system.
The new rates, which still require a second board vote, are expected to go into effect on July 1.
The state reported total sales of $130.8 million in March, just shy of the December 2024 holiday peak.
One marketing expert advises cannabis companies that diversification and expansion are key to reach new consumers.
The lawsuit argues that the required LPA is invalid under both the U.S. Constitution and the National Labor Relations Act.
February cannabis sales fell almost 15% from last year.
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