This week’s electoral triumph by the Republican party in Virginia has thrown into question the rollout of the state’s recreational marijuana market, which would be the first adult-use market in the South and is expected to generate more than $1 billion in sales before 2030.
This year’s off-year election was a decidedly mixed bag for marijuana businesses across the country.
Banking giant JPMorgan Chase & Co. informed its brokerage clients they’ll no longer be allowed to purchase cannabis-related stocks and securities starting Nov. 8.
The recreational cannabis market in New York won’t get off the ground for at least another 18 months, meaning the program won’t launch until mid-2023, the state’s top cannabis regulator said.
A grassroots campaign in Arkansas has begun collecting signatures to place a ballot measure before voters next year, in the latest attempt to legalize recreational cannabis in the state.
The modern marijuana industry is nearly three decades old.
The first wave of industry pioneers – those who fought federal and local crackdowns and persevered through IRS audits and threats of civil asset forfeitures by U.S. attorneys – have been slowly handing the reins of the industry over to a new generation.
Washington DC-based analytics firm New Frontier Data said Friday that it’s agreed to acquire the marijuana division of Canadian company Skylight Health Group for $8.6 million in cash.
Rhode Island officials on Friday awarded five new medical marijuana dispensary licenses to business owners through a lottery.
Enforcement against illicit cannabis operators continues to ramp up in California, with authorities having seized 1.2 million illegal plants and more than 180,000 pounds of processed marijuana in 2021 alone, state Attorney General Rob Bonta announced.
New York-based Columbia Care said Wednesday it plans to launch a new cannabis brand in partnership with former heavyweight boxing champion Mike Tyson. The brand line - which will be called Tyson 2.0, according to a news release - will be sold across Columbia Care's...
Florida Judge Suzanne Van Wyk threw out a state marijuana industry rule that prohibited Leafly and other websites from facilitating online medical cannabis dispensary orders. The rule, which the state health department warned MMJ businesses about in a February memo,...
Five marijuana industry insiders – ranging from the CEOs of multistate operators to a farmer in California’s Emerald Triangle – agreed that while there’s been friction between business interests and grassroots activists, both sides need each other and can work together for the wider legalization movement.
