Chicago-based Cresco Labs said Thursday it will acquire Pennsylvania-based Laurel Harvest Labs in a cash-and-stock deal worth $80 million. The acquisition is the multistate operator's second in less than a month, following the $90 million purchase of Cure Pennsylvania...
State lawmakers in Mississippi might yet have a special session in an attempt to strike a legislative deal to legalize medical cannabis in the state.
The campaign to legalize recreational marijuana in South Dakota is officially underway – again.
A Republican state lawmaker in Ohio intends to introduce a bill to legalize recreational marijuana, marking the second such bill the state Legislature will consider this year.
Chicago-based PharmaCann announced Tuesday it has struck a deal to acquire Colorado-headquartered LivWell Enlightened Health in a transaction that will allow PharmaCann to extend its market footprint to eight states.
A high-profile cannabis industry trial is set to begin Tuesday in a California state court, with a buttoned-down corporate executive suing multistate operator MedMen Enterprises and the company’s co-founders, Adam Bierman and Andrew Modlin.
Only days after The Parent Co. said it was purchasing California-based Coastal Holding Co., former MedMen executives Adam Bierman and Andrew Modlin withdrew multiple state and federal lawsuits they had filed in an attempt to halt the sale.
Wine and weed seem like a fine pairing in California, but the two agricultural industries can’t always find common ground.
The coastal California town of San Luis Obispo announced it was revoking a business license for Natural Healing Center, a cannabis shop whose owner, Helios Dayspring, pleaded guilty to two felony charges this summer. Natural Healing Center...
Recreational marijuana sales in Illinois have reached nearly $1 billion, and three months remain in the calendar year.
When the CEO of a California marijuana retail chain sued the state in September over so-called “burner distribution licenses,” he focused a spotlight on an issue that many in the state’s cannabis industry are loathe to acknowledge:
Many of the state’s licensed marijuana businesses are bending or breaking the rules – and have been since California’s legal adult-use market launched in 2018 – because there’s so little profit to be had by operating lawfully.
The Parent Co. said Monday it agreed to acquire 100% of the equity of California-based Coastal Holding Co. in a cash-and-stock deal worth up to $56.2 million, adding a new wrinkle to a set of lawsuits filed by the co-founders of MedMen Enterprises against five Coastal...
