In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.
In today's news:
#californiaemployment - "On January 1, 2023, California's new pay transparency law requiring pay scales in job openings will go into effect. Although Senate Bill 1162 was passed in September, many employers were left to wonder how the California Labor Commissioner would interpret a few key elements of the law. As previously discussed, Senate Bill 1162 instituted major changes to the Annual Pay Data Report and requires employers with 15 or more employees to post a pay scale in any open job advertisement."
#cannabisindustry - "Despite the grim circumstances, there are still avenues that can assist cannabis companies that have multiple creditors with restructuring their business and effectively disposing of assets. One option available is a state-level receivership. In a receivership, a trustee or receiver is appointed by a court to preserve or manage the disposition of a company's assets for the benefit of the stakeholders involved."
#californiacannabis - "The collapse of California's cannabis market has devastated the local economy and left communities throughout Southern Humboldt struggling to stay afloat. Businesses are closing left and right, and residents who have built their livelihoods around the region's prolific cannabis industry fear they will lose everything.
Communities nestled in the most remote corners of the county have been hit the hardest, but the cannabis industry's decline is the most evident in Garberville."
#cannabisindustry - "The legal cannabis trade, still in its infancy, is flailing in many parts of the country as the pandemic boom that sent sales soaring has tapered off. Supply is now flooding the market in several states, economists say, depressing prices and decimating already-thin margins. And competition is sure to escalate as decriminalization spreads, large growers adopt more cost-effective technologies and the illegal market not only endures, but thrives."
#cannabisindustry - "Upon Friday's deadline, the Alabama Medical Cannabis Commission said it received 94 applications for medical marijuana business licenses.
There are several different types of licenses the commission will award and regulate.
There were 12 applications for cultivator licenses, 12 for processors, 18 for dispensary, 11 for secure transporter, three for state testing laboratory and 38 for integrated facility licenses.
The commission is scheduled to award licenses in each license category at its June meeting. Once the business licenses have been issued, physicians may begin the certification process to recommend medical cannabis to qualified patients."
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