A Massachusetts cannabis retail association is backing off its legal challenge to the state's social equity-focused delivery licensing plan after a swift backlash from many of the group's members. The Commonwealth Dispensary Association (CDA), which represents dozens...
Four red states - Alabama, Kansas, Kentucky and South Carolina - could legalize medical marijuana through their legislatures this year, and, if successful, they could generate hundreds of millions of dollars in business opportunities across the supply chain over time....
A marijuana industry official cautioned New York officials that recreational marijuana taxes need to be low enough to curtail illicit sales. New York Gov. Andrew Cuomo unveiled more details this week about his recreational marijuana legalization plan, which is...
Medical marijuana sales in Arkansas reached $175 million in 2020, ending the year with a record $1.22 million day.
Montana voters passed a recreational marijuana initiative on Election Day that will require licensed operators to be state residents, as is now the case with its medical marijuana program.
New Mexico’s leading medical cannabis company is trying to compel a court to force state regulators to increase the marijuana plant-count limit, claiming the restriction has resulted in a crisis of insufficient supply and high prices in the rapidly growing market.
Marijuana multistate operator Cresco Labs entered a definitive agreement to acquire Bluma Wellness for $213 million in an all-stock transaction in a move to expand into Florida's fast-growing medical cannabis market. Bluma, under its operating subsidiary “One Plant...
Virginia Gov. Ralph Northam's administration announced an adult-use cannabis legalization plan that would impose a 21% excise tax and provide some licensing preferences for individuals and entities harmed by the war on drugs. Adult-use marijuana sales would begin Jan....
Facing massive budget woes and legalization in neighboring New Jersey, politicians in New York are set to take another crack at legalizing a recreational marijuana market that could generate more than $2 billion in sales – and this time, the odds look better.
Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners.
South Dakota Republican Gov. Kristi Noem issued an executive order that indicated she is behind the effort to overturn voter-approved recreational cannabis legalization and that she has the right to challenge legalization as part of her duty to defend the state's...
Montana lawmakers rejected a $1.35 million budget request to fund the state's recreational cannabis program, raising uncertainty about the program's ability to meet its deadlines. The state revenue department had requested the money to set up a department of 20...
