marijuana industry

A lawsuit has been filed against cannabis retailer Planet 13 over a data breach, drawing attention to how legal marijuana companies protect customer information. Because cannabis businesses operate heavily in cash and collect sensitive personal data under state licensing rules, the case is being read as a warning to the wider industry that weak data security practices could bring litigation and regulatory scrutiny.

Medical marijuana businesses are bracing for major changes as the federal government moves to reschedule cannabis. The shift would alter how these companies are taxed, easing the current burden that bars standard business deductions, and could change day-to-day operations across the industry. Operators and analysts are watching closely to gauge how tax rules, banking access and compliance requirements will be affected.

A national cannabis company has placed its Maryland assets on the market, signaling a possible exit or restructuring of its operations in the state's regulated marijuana market. The sale could reshape the company's footprint in one of the newer East Coast cannabis markets, and industry watchers are watching who might buy in.