The days of $100 million-plus golden parachutes in the United States might be over.
But the phenomenon of rewarding CEOs with hefty payouts remains alive and well in mainstream merger and acquisition deals and has taken root in the marijuana industry.
No surprise here: The do-over of social equity marijuana business licensing in Illinois is sparking litigation. But these lawsuits point to specific alleged scoring errors, rather than challenging the entire process, so it looks unlikely at this point that the claims...
Two Oklahoma attorneys sued the state's medical marijuana regulators, claiming the MMJ board didn’t adhere to public meeting laws in adopting new emergency rules that have a wide range of business impacts. According to The Oklahoman, the...
Three entities reportedly connected to marijuana multistate operator Justice Cannabis filed a federal lawsuit in Illinois claiming they have been wrongfully excluded from an Aug. 19 retail license lottery. JG IL, Emerald Coast and ReNu filed the lawsuit against state...
Illinois regulators on Monday issued 70 additional adult-use cannabis business licenses, including permits to an initial 32 craft cultivators, 28 to processors and 10 to transporters.
Marijuana multistate operator Jushi Holdings said it won a $14.4 million interim arbitration award in connection with a claim that a Florida medical cannabis licensee improperly terminated a franchise agreement in 2018.
Fifty-five recreational cannabis store licenses were awarded in Illinois, including 36 in the Chicago area, after a yearlong delay in actualizing the state's vaunted social equity program. Up to this point, existing medical marijuana operators have controlled the...
A Mississippi Senate committee is close to finishing draft legislation to legalize medical marijuana, two months after the state's highest court struck down a voter-approved, business-friendly bill, Lt. Gov. Delbert Hosemann said. The development leaves open the...
The draft bill outlining Senate Majority Leader Chuck Schumer’s federal marijuana reform legislation sets a nationwide MJ excise tax that would rise from 10% to 25% over five years, a top rate that industry officials argue would be overly burdensome to operators as...
In what seems like a mere formality at this point, a New Mexico appellate court upheld a 2018 lower court ruling allowing the state’s largest medical marijuana operator, Ultra Health, to open two new dispensaries.
A Florida businessman has been ordered to pay the U.S. Securities and Exchange Commission nearly $3 million to resolve allegations that he bankrolled a lavish lifestyle with investor money that was to be used to acquire Colorado marijuana stores. [include_post...
Massachusetts-based Tilt Holdings said Friday that its Jupiter Research vape cartridge subsidiary has signed a $10 million credit facility that will boost the cannabis tech firm’s capital for operations and growth.
