How much does a vertical marijuana license fetch in sizzling Massachusetts? Try $100 million-plus. Marijuana multistate operator Jushi Holdings signed a definitive agreement to enter Massachusetts by acquiring vertically integrated Nature’s Remedy for up to $110...
An Oklahoma medical marijuana operator filed a lawsuit seeking to halt the April 30 implementation of a seed-to-sale tracking program in the state, raising the question of its legality.
Five of New Mexico’s medical cannabis cultivators, including the state’s largest operator, are requesting that regulators more than triple plant-count limits immediately to avert a supply shortage this summer.
The Mississippi Supreme Court heard oral arguments Wednesday on a constitutional challenge that seeks to nullify a medical marijuana legalization initiative - after voters overwhelmingly approved the measure last November. At stake is a potentially huge,...
President Joe Biden has tapped Anne Milgram, a former state attorney general and longtime criminal justice advocate, to head the U.S. Drug Enforcement Administration. In 2009, as the state attorney general of New Jersey, Milgram was quoted as saying that a plan there...
New Mexico Gov. Michelle Lujan Grisham on Monday signed a bill legalizing a potential $425 million adult-use marijuana market in the state. Retail sales are to begin no later than April 1, 2022. The New Mexico law reflects the national trend...
Medical marijuana regulators in New Mexico reportedly found numerous violations when they inspected New MexiCann Natural Medicine's operation after an October explosion that critically injured two employees. Inspectors noted untagged marijuana plants, food-safety...
A federal judge has temporarily halted Detroit regulators from processing adult-use cannabis license applications in response to a suit challenging the constitutionality of a city ordinance giving preference to longtime residents
The U.S. recreational and medical marijuana markets are on a trajectory to reach up to $45.9 billion in annual sales by 2025, or as much as twice the level of sales projected for this year, according to the newly released 2021 Marijuana Business Factbook. U.S....
Capital raised for marijuana mergers and acquisitions totaled a whopping $600 million in the first three months of this year, reflecting the booming popularity of special purpose acquisition companies (SPACs) and more bullish investor sentiment about federal marijuana reform.
Legislators in Virginia approved measures that will allow the personal possession, cultivation and use of small amounts of marijuana beginning July 1, but a commercial market still isn't permitted to begin until 2024. Virginia Gov. Ralph Northam proposed the...
Cannabis multistate operator Green Thumb Industries has won local financial incentives to build out a $50 million cultivation and processing facility in New York. The Orange County Industrial Development Agency indicated in a news release Wednesday that the incentives...
