POSaBit Systems Corp. acquired marijuana e-commerce and compliance software assets from Hypur for as much as $7.5 million if certain benchmarks are hit.
Chris Casacchia
Chris Casacchia's Latest Posts
Curaleaf acquires Utah medical cannabis retailer for $20 million
New York-based Curaleaf Holdings is spending $20 million to acquire Deseret Wellness, the largest medical cannabis retailer in Utah.
Court lifts injunction preventing marijuana retail licensing in New York
A federal court has opened up retail licensing in Brooklyn and other areas of New York state after an injunction halted licensing for dozens of applicants for months.
Montana Senate bill aims to dismantle adult-use cannabis market
A little more than a year after Montana launched adult-use cannabis sales, a state senator has introduced a bill that would effectively shut down the program.
Another Black-owned cannabis shop opens in Detroit
The second majority-Black-owned adult-use cannabis store in Detroit has opened in a week.
Kentucky governor signs law establishing delta-8 guidelines
Kentucky’s governor signed a bill into law that establishes a framework to test, label and regulate delta-8 and outlaws sales to those younger than under 21.
New York’s Long Island opts out of marijuana retail, limiting options for store operators
When New York regulators announced plans to double recreational marijuana retail licenses to 300 for social equity applicants, local cannabis operators and other industry advocates applauded the news.
But behind the scenes, concerns were mounting over the challenge of finding affordable cannabis real estate across large parts of the state because of zoning and commercial restrictions.
Oklahoma medical marijuana grower loses license over residency issue
Oklahoma regulators stripped medical marijuana cultivator Sun Light Farm of its state license after an administrative law judge ruled that the company “submitted fraudulent ownership information in its license renewal application.”
Northern California workers at cannabis delivery service Grassdoor unionize
Nearly 100 drivers and warehouse workers from Grassdoor’s Northern California operation in Brisbane joined Teamsters Local 2785.
Pennsylvania court rules medical cannabis costs can be reimbursed
Medical cannabis costs incurred in Pennsylvania as a result of work-related injuries are eligible for reimbursement, a state court ruled.
Police in California city seize 1,500 pounds of illegal marijuana products
Police in Pomona, California, are investigating a business where they found 1,500 pounds of unlicensed marijuana products as well as electronic casino gaming consoles.
Cannabis brands, products steeped in nostalgia aim to attract generational consumers
Cannabis companies nationwide are infusing a heavy dose of nostalgia in their products and building brands based on fond memories, good times and the soundtracks of some of our formative years.
