A lawsuit challenging marijuana’s federal classification as a Schedule 1 drug under the Controlled Substances Act remains alive after a federal appeals court denied the U.S. Drug Enforcement Administration’s request to dismiss the suit. The lawsuit, filed in May by a...
Oregon-based Dutchie, an online ordering platform for cannabis retailers, raised $35 million from a group of investors that include rapper Snoop Dogg’s Casa Verde Capital, NBA star Kevin Durant’s Thirty Five Ventures and former Starbucks CEO Howard Schultz.
Marijuana multistate operator Acreage Holdings continues to prevail in its legal efforts to thwart Maine and, now, its largest city from favoring homegrown businesses in the state's impending adult-use market. A federal judge ruled Friday that Portland can't enforce...
A coalition of state treasurers across the country are urging Congress to include cannabis banking reform in the next coronavirus relief stimulus package to give the economy a needed infusion of capital while protecting marijuana workers who currently handle mostly...
The federal statute criminalizing cannabis should be declared unconstitutional, according to a petition filed with the U.S. Supreme Court. The 3-year-old case, if the Supreme Court decides to hear it, could have implications on the legalization of marijuana federally....
A citizen initiative in Montana to legalize a commercial recreational marijuana program gathered enough valid signatures to appear on the November ballot, according to the Secretary of State's office. The ballot initiative, backed by New Approach Montana, would set up...
Colorado adult-use marijuana sales in June hit a record $158.1 million as the coronavirus pandemic continued to fuel staggering sales growth.
Oklahoma medical cannabis sales are on track to double this year to roughly $800 million as the business-friendly program that launched in the summer of 2018 continues to thrive. Through June, retail medical marijuana sales had exceeded $385 million, according to an...
Virginia’s limited commercial medical cannabis program will be met with modest expectations when it launches, possibly within weeks.
Illinois-based Green Thumb Industries suffered a temporary setback in its effort to win a medical marijuana license in Arkansas when a judge denied the multistate operator’s request for a preliminary injunction to stop the issuance of a permit to another business....
Multistate marijuana operator Jushi Holdings completed its acquisition of Vireo Health International’s cultivation and processing operations in Pennsylvania for $37 million as Jushi looks to maximize its footprint in the state's fast-growing medical cannabis market....
Oklahoma's fast-growing, business-friendly medical cannabis program is getting another new regulatory czar - at least on an interim basis. Kelly Williams, the deputy director of the Oklahoma Medical Marijuana Authority (OMMA), will serve as interim director of the...
