Marijuana company Origin House posted revenue of 21.4 million Canadian dollars ($16 million) in the second quarter, a sixfold increase over the CA$3.5 million ($2.6 million) it reported for the same period a year ago. But the Ottawa-based company's losses totaled...
A court case that could break up Florida’s vertically integrated medical marijuana structure and open up new licensing opportunities in the fast-growing market is headed toward the final step of a long legal process.
A Michigan medical cannabis operator was convicted on 10 federal marijuana trafficking-related charges and faces a minimum of five years behind bars, in another cautionary tale about the importance of MJ operators strictly adhering to the law. Danny Trevino, owner of...
Minnesota Gov. Tim Walz ordered state agencies to prepare for legalization of recreational marijuana, despite a vow by the Senate leader to block any such legislation in 2020. Walz, a member of the Democratic-Farmer-Labor Party, told Minnesota Public Radio News that...
New York-based iAnthus Capital Holdings, a multistate cannabis company, on Tuesday reported revenue of $19.2 million for the second quarter, an increase from $256,000 from the same period a year ago. The net loss for the quarter ending June 30...
The U.S. Drug Enforcement Administration (DEA) announced Monday that it will expand scientific and medical research of marijuana, a development that could ultimately boost industry prospects.
A Nevada judge halted the licensing process for several dozen new adult-use cannabis stores, siding with companies that lost bids to win the lucrative permits. Clark County District Court Judge Elizabeth Gonzalez issued an injunction after she heard 18 days of...
Regulators in New Mexico will cap licensed medical marijuana cultivators to 1,750 mature cannabis plants starting next week, a 30% drop from the 2,500 plants allowed under an expiring emergency state rule. Some cultivators such as Ultra Health, the largest MMJ...
Alaska Gov. Mike Dunleavy is bringing back a marijuana advocate to the state cannabis regulatory board, a move welcomed by an industry that successfully fought his attempt to install an MJ critic. Dunleavy's office said he appointed Bruce Schulte to the Marijuana...
Utah legislators are drafting a proposal to scrap a planned state-run medical marijuana dispensary system and instead increase the number of private facilities, which could boost business opportunities and sales. Lawmakers are considering the change after facing...
California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, closed on a $50 million credit facility that will be used for working capital and potential acquisitions. The transaction consists of a $35 million revolving...
The FBI’s announcement that it is probing public corruption in the legal marijuana industry has stirred up strong reactions among cannabis insiders.
