A group of nonprofit and supplement organizations sent a letter pleading for the House of Representatives’ Energy and Commerce Committee to discuss U.S. Food and Drug Administration regulation of hemp products such as those containing CBD.
Kate Robertson
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Oklahoma cannabis license numbers down by 27% since last year
The number of active cannabis licenses in Oklahoma dropped dramatically this year amid an oversupplied market, a crackdown on illicit operators and a moratorium on new permits.
Marijuana vape company Tilt Holdings restructures debt with Smoore
Arizona-based marijuana vaporizer company Tilt Holdings entered a debt and security agreement that extends its credit line with Smoore Technology effective Jan. 28.
Maine law enforcement arrests 6, seize plants in raids of illicit marijuana grows
Maine law enforcement arrested six people and seized more than 6,000 marijuana plants after raiding seven locations allegedly linked to unlicensed operations in recent weeks as part of ongoing efforts to reduce the illicit market in the state.
Arkansas attorney general rejects marijuana ballot initiative language
Arkansas cannabis advocates are going back to the drawing board after the state’s attorney general rejected the most recent proposed language for a ballot initiative that would increase access to medical marijuana and trigger adult-use legalization if federal reform occurs.
South Dakota lawmakers could ease hemp testing standards
South Dakota officials are considering aligning the state’s hemp lab-testing standards with federal regulations – a move that would make testing easier for cultivators.
Planet 13 sells Florida marijuana license, will restate financials
Nevada-based marijuana multistate operator Planet 13 Holdings is selling a medical marijuana treatment center (MMTC) license to further its Florida expansion plans and will restate some of its previously reported financials.
Marijuana MSOs focusing on wholesale growth in 2024
Retail license caps in some states and limited capital are forcing marijuana multistate operators to focus on wholesale cannabis sales growth in 2024.
Cannabis MSO Trulieve appeals Alabama’s license restraining order
Alabama’s yet-to-launch medical marijuana program is embroiled in yet another legal challenge, this time from Florida-based multistate operator Trulieve Cannabis.
Michigan’s total marijuana sales reach $3 billion in 2023
Marijuana retailers in Michigan sold a whopping $3.06 billion in adult-use and medical products in 2023, according to data from the state’s Cannabis Regulatory Agency.
Marijuana operator Unrivaled Brands completes reorg, reverse stock split
California marijuana company Unrivaled Brands is now under the Blüm Holdings umbrella after completing a previously announced strategic reorganization and reverse stock split.
Oregon trade group wants cap on marijuana business licenses
The Cannabis Industry Alliance of Oregon (CIAO) wants state regulators to permanently restrict the number of marijuana business licenses available to operators in the state.
