Nevada-based marijuana company Planet 13 on Monday said it is terminating its $10 million acquisition of a cannabis sales license and lease in California, which would have served as the company’s entry into that key market. The stock and cash deal for Newtonian...
Multistate marijuana operator iAnthus defaulted on interest payments, in part blaming the coronavirus. In addition, the New York-based company revealed that its CEO is being investigated for a potential, but unidentified, conflict of interest. The company also...
Medical marijuana dispensaries in Ohio sold almost $13 million in product in March, setting an all-time record for one month as business surged during the coronavirus pandemic. Oregon also reported record marijuana sales in March. During a...
New England Treatment Access, a Massachusetts cannabis company, on Friday said it will reduce its workforce by an undisclosed number of employees as it has seen its store traffic drop by 85% during the coronavirus crisis. NETA President Amanda Rositano blamed...
LivWell Enlightened Health, one of Colorado’s largest marijuana store owners, acquired Denver-based Sweet Grass Kitchen, one of the oldest marijuana edibles brands in the state. The acquisition price was not disclosed, according to Denver...
Adult-use and medical marijuana stores in Oregon sold $84.5 million in products in March, a record for any month, as the market got a boost from coronavirus-driven purchases. Sales last month were 6.4% higher than the previous record of $79.4 million set in August...
A medical cannabis dispensary in Denver lost an appellate court battle to prevent the IRS from obtaining business records from state regulators.
A handful of adult-use marijuana businesses on Wednesday sued Massachusetts' governor, seeking a reversal of his executive order requiring recreational cannabis stores to close during the COVID-19 crisis. The lawsuit calls unconstitutional a decision by Republican...
Marijuana Business Daily published a free online report to provide cannabis companies with actionable information they can use to navigate a crisis such as the current coronavirus pandemic. The 28-page report, "Crisis Management in Cannabis," offers dozens of...
In a blow to marijuana retailers in Anchorage, Alaska, voters overwhelmingly rejected a measure to permit cannabis consumption on store premises. According to unofficial election results, roughly 64.3% (28,409) of the voters on Tuesday...
Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, is no longer considered a controlled substance, providing a boost to its manufacturer’s stock price.
The trial of a former Massachusetts mayor charged with extorting hundreds of thousands of dollars from prospective marijuana businesses has been delayed until September because of the coronavirus pandemic. The trial for former Fall River...
