Medical marijuana company Alabama Always filed a petition and a lawsuit seeking to prevent the state Medical Cannabis Commission’s current commissioners from participating in licensing decisions, alleging bias and unlawful conduct.
Margaret Jackson
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Canadian cannabis operator Entourage adds CA$3 million to credit line
Canadian cannabis company Entourage Health Corp. increased its credit line from by about 3 million Canadian dollars (roughly $2.1 million), only days after shareholders approved taking the company
Florida’s medical cannabis license renewal fees will stay at $1.3 million
Medical cannabis operators in Florida will continue to pay roughly $1.3 million in biennial license renewal fees after the 1st District Court of Appeals dismissed arguments that the state should use revenue generated from other marijuana-related activity to reduce the fees.
Canadian cannabis producer rebrands as Organigram Global
Canadian cannabis producer Organigram Holdings has rebranded to Organigram Global as it seeks to expand its presence in the international market.
DC’s medical marijuana market set for shake-up as ‘gifting’ shops transition
Medical marijuana dispensaries are multiplying rapidly in Washington, D.C., as regulators convert “gifting” shops that were operating under Initiative 71.
Cannabis MSO Verano Holdings secures $12 million loan
Cannabis multistate operator Verano Holdings Corp. closed a $12 million “cross-collateralized” senior mortgage from Rainbow Realty Group and MJ Real Estate Investment Trust in which the company put up cultivation and processing properties.
Cannabis operator Entourage gets shareholders’ approval to go private
Shareholders of Canadian cannabis company Entourage Health Corp. have approved the company’s plan to go private.
Edible Arrangements’ parent company enters hemp-derived THC market
Edible Arrangements’ parent company is getting into the cannabis edibles business.
Marijuana pre-rolls in New Jersey contain yeast, mold and bacteria, study shows
Marijuana pre-rolls purchased in New Jersey by secret shoppers participating in a study have tested for high levels of yeast, mold and bacteria and were less potent than advertised.
Canadian cannabis companies look overseas as domestic market saturates
Facing a saturated market and intense competition domestically, Canadian cannabis companies are exporting more of their products overseas.
Cannabis vape maker Blinc Group files for bankruptcy
Cannabis vape manufacturer The Blinc Group cited $1 million in liabilities in its Chapter 7 bankruptcy filing in New York.
Michigan recreational marijuana prices plunge 30% from 2024
Recreational marijuana prices in Michigan dropped nearly 30% in February compared to a year ago, according to a monthly data report from the state’s Cannabis Regulatory Agency.
