Marijuana multistate operator Red White & Bloom’s plans to acquire distressed Canadian company Aleafia Health is back on the table.
Kate Robertson
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Jason Wild details how TerrAscend became a TSX trailblazer for US marijuana
TerrAsend Corp.’s Jason Wild discusses how the cannabis multistate operator uplisted to the Toronto Stock Exchange.
Trulieve Cannabis, Maryland town going to mediation in profit dispute
The Maryland town of Hancock and Florida-based Trulieve Cannabis are locked in a dispute over how much money the marijuana multistate operator owes the municipality as part of a unique deal that dates to 2015.
Nasdaq warns cannabis tech firm Agrify of noncompliance again
Massachusetts-based cannabis tech company Agrify Corp. received another warning from the Nasdaq stock exchange after the company failed to file its quarterly 10-Q report on time.
Big Plan Holdings to invest $35 million in New England marijuana
Tennessee-based investment firm Big Plan Holdings (BPH) is joining forces with cannabis retailer and cultivator Silver Therapeutics to acquire $35 million worth of marijuana commercial real estate and operations in New England.
Deceased farmer’s heirs appeal in bid for Florida medical marijuana license
The family and business partners of a Black farmer who died after applying for a medical marijuana license hope to convince a Florida appeals court that state regulators wrongly rejected the application because the man’s death came before the permitting process was finished.
Alabama company files motion to halt medical cannabis licensing
An Alabama company that wasn’t selected for a medical cannabis permit wants to halt the already-delayed licensing process, alleging state regulators unfairly deliberated in a closed session.
Marijuana MSOs expand Florida retail, betting on adult-use legalization
Multistate operators are busy expanding their retail footprints in Florida’s nearly $2 billion medical marijuana market, in some cases betting that adult-use legalization is on the horizon and jostling into position to capitalize on that possibility.
Nebraska authorities cracking down on hemp-derived THC sales
Nebraska law enforcement is investigating sales of hemp-derived cannabis products containing more than 0.3% THC.
Poseidon cannabis ETF to shut down less than 2 years after launching
The AdvisorShares Poseidon Dynamic Cannabis Exchange Traded Fund (ETF), which is managed by the Paxhia sibling founders of California-based cannabis hedge fund Poseidon Investment Management, is shutting down less than two years after launching.
Cannabis tech company Weedmaps posts $2 million profit after rough period
California-based WM Technology, which does business as cannabis advertising platform Weedmaps, reported a profit for its most recent quarter, signaling a potential turnaround for the technology company.
Arizona stores recall marijuana products for third time this summer
Arizona marijuana stores are voluntarily recalling edibles products for the third time this summer – this time out of concern they might be contaminated with salmonella bacteria.
