A California-based technology company said it has been selected to help manage South Dakota’s emerging medical cannabis program.
Articles by Jeff Smith :
More states are offering microbusiness licenses to cannabis entrepreneurs in an effort to diversify a market that some fear could become dominated by large, deep-pocketed multistate operators.
A Michigan marijuana testing laboratory won half of its claim against state regulators over a Nov. 17 recall that the company said involved $229 million worth of flower and 403 retailers.
Controversy over a Pennsylvania review of medical marijuana vape products has mushroomed, with regulators warning that some products could be removed from the shelves, grower/processors contemplating legal action against the state and 630,000-plus patients in the dark about what to do.
Treasury Secretary Janet Yellen expressed implicit support this week for allowing state-legal marijuana companies to access federal banking services – as a way to help tax collection.
Los Angeles-based financial technology firm Bespoke Financial said it closed on a $125 million credit facility with institutional investors to increase its lending capacity.
A California-based special purpose acquisition company (SPAC) raised $200 million in an initial public offering to target companies involved in the growing medical cannabis or cannabinoid industry.
Venerable California vertical marijuana operator Harborside is making a big move to expand in the state with definitive agreements to acquire Urbn Leaf, a San Diego-headquartered retailer, and Loudpack, a cultivator, processor and distributor based in Los Angeles.
Most of the top publicly held marijuana multistate operators posted single-digit revenue gains in the quarter ended Sept. 30, slowing from the sizzling double-digit growth in the previous quarter.
A measure signed into law in March to increase access to Utah’s medical marijuana program still hasn’t been implemented, frustrating patient advocates and costing operators potential business.
Kristen Thomson, a former marijuana executive and lobbyist, has been appointed director of New Mexico’s new Cannabis Control Division, which is responsible for developing the state’s adult-use framework.
South Dakota’s highest court on Wednesday struck down on technical grounds a recreational marijuana initiative approved by voters in 2020, shattering the development of a projected $285 million market.