Merger and acquisition activity is sizzling in Pennsylvania, with more than $400 million worth of deals announced since March alone, as local cannabis businesses cash out and multistate operators seek or expand footholds in the rapidly growing mid-Atlantic market.
A medical marijuana legalization measure is headed to Alabama Gov. Kay Ivey after lawmakers gave their final approval late Thursday.
Alabama took a major step toward becoming the 39th state in the nation to legalize a medical cannabis market, albeit a relatively restrictive one, after the House passed an amended bill by a vote of 68-34 Thursday.
Global investment banking firm Credit Suisse Group reportedly has told customers in recent months that it has decided to stop executing stock transactions of cannabis companies with U.S. operations or hold those securities.
Alabama state House Republicans opposed to medical marijuana legalization used a filibuster to block a vote after hours of debate Tuesday, but the measure is expected back on the House floor Thursday. The Alabama Senate approved a relatively restrictive program by a...
Washington Gov. Jay Inslee signed into law a bill that strengthens a social equity program enacted in 2020 to provide more marijuana retail opportunities to minority businesses in the state.
An effort by Rhode Island lawmakers to pass legislation to legalize adult-use marijuana now looks less likely.
Illinois-based multistate operator Green Thumb Industries is expanding into Virginia with a definitive agreement to acquire medical marijuana company Dharma Pharmaceuticals.
Investors as well as cannabis companies and executives are rushing into psychedelics, a multibillion-dollar opportunity that reminds some of the early days of marijuana – although this infant industry could play out much differently.
Miami-based marijuana company Cansortium, which operates the Fluent brand, raised $71 million of capital in debt financing for financial liquidity and market expansion. The four-year senior secured loan will bear a 13% annual interest rate. A $50 million tranche of...
The South Dakota Supreme Court is moving closer to deciding whether to uphold a voter-approved amendment to legalize adult-use cannabis after hearing oral arguments Wednesday that focused on narrow constitutional issues.
Multinational tobacco company Philip Morris International reportedly is analyzing the marijuana industry for its market possibilities but hasn’t yet determined its next move. The New York-based cigarette maker told Bloomberg News that it is looking at the potential...
