COVER STARCookies CEO makes history on the cover of ForbesRapper and entrepreneur Berner, the CEO of Cookies, is the first representative of the cannabis industry to appear on the cover of Forbes magazine. The piece argues that high taxes and strict regulations have over-burdened California’s regulated cannabis market. Despite the challenges outlined in the piece, Berner—who formerly worked in the illicit market—expressed delight in the achievement on Twitter. Advocates in these states are facing strong resistance:DelawareOhioHawaiiNew HampshireKansasSouth CarolinaTennesseeKentuckyLouisianaWisconsinKentuckyBINNED BUD425 million grams of Canadian cannabis was destroyed last yearCanadian cannabis producers destroyed a record-breaking 425 million grams of cannabis in 2021, according to MJBizDaily. That number is trending significantly upward:In 2020, 279 million grams were destroyedIn 2019, 155 million grams were destroyedSome of it is due to quality issues, but overproduction is another issue challenging cultivators.

Source: Forbes August 04, 2022 09:30 UTC