NewLake Capital Partners is buying and leasing back 10 marijuana retail stores in six states from Chicago-based Grassroots Cannabis in a deal valued at up to $19.7 million. NewLake, which also is headquartered in Chicago, has closed on six of the sale-leaseback deals...
Tilt Holdings, a Massachusetts-based cannabis company with a focus on technology, on Wednesday installed Mark Scatterday as permanent CEO. He had served as the company’s interim CEO since May 2019. In another move, Tilt announced that Chief...
Colorado's recreational and medical cannabis retailers sold a record $1.75 billion in product last year, increasing the state's total to a whopping $7.79 billion since the 2014 launch of adult-use sales. Adult-use and medical marijuana sales...
In a move that could hurt sales at medical marijuana dispensaries in New Mexico, the state is ending the program that allowed MMJ cards for nonresidents.
A dozen Republican members of the U.S. House of Representatives are urging U.S. Senate Banking Committee Chair Mike Crapo to oppose legislation that would allow financial institutions to provide banking services to the marijuana industry. The...
A former state Supreme Court justice and an ex-gambling regulator have been appointed to Nevada's new state marijuana industry oversight board. Democratic Gov. Steve Sisolak announced that: Retired Justice Michael Douglas will chair the...
In a setback for Iowa’s small and limited medical cannabis program, state regulators rejected recommendations to add two more qualifying conditions for those who could be treated with MMJ. The Iowa Medical Cannabidiol Board turned down...
Marijuana companies are now the single largest sponsors of Colorado highway cleanups, leveraging a loophole in the state’s strict limits on marijuana advertising. MJ companies are sponsoring two-thirds of the roads maintained by Clean Colorado program, which allows...
A Nevada marijuana testing lab inflated THC levels on cannabis products by as much as 10%, according to a settlement agreement approved by state regulators. Certified Ag Labs, which runs a marijuana testing facility in Sparks, was suspended by...
A Republican state senator introduced a bill to legalize the sale of medical cannabis in Alabama. The legislator, Sen. Tim Melson, also sponsored a medical marijuana bill in 2019. That measure was approved by the Senate but failed in the House, according to AL.com....
A key Senate subcommittee in New Mexico voted against legalizing the sale of adult-use marijuana in the state, likely killing any chance of legislation being adopted this year. The committee voted 6-4 against a proposal that would have...
The U.S. attorney for Massachusetts is trying to gain access to sealed records for a federal cannabis bribery case involving Fall River’s former mayor, who allegedly sought to extort MJ entrepreneurs seeking local business permits.
