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.
Margaret Jackson
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Minnesota extends cannabis license application deadline after system outage
Minnesota’s cannabis regulatory agency extended the deadline for adult-use business license applications after the computer system shut down for maintenance.
Health Canada eases cannabis industry burden in regulations update
Health Canada has updated regulations governing the nation’s cannabis operators to address industry challenges while keeping intact public health and safety standards.
Wana Brands gets hemp-derived THC beverage line in Total Wine stores
Cannabis edibles maker Wana Brands has landed a deal in which its line of hemp-derived THC-infused beverages will be carried at Total Wine & More locations in nine states across the country.
Maryland’s high-demand marijuana market undermined by restrictions, delays
The rollout of Maryland’s social equity marijuana program has faced significant delays, with none of the businesses open nearly a year after they were awarded licenses.
Delaware recreational cannabis licensees push state to let them open for business
With recreational cannabis having been approved in Delaware almost two years ago, marijuana operators, advocates and consumers are getting tired of waiting for the state to allow businesses to open.
DC cannabis store owner owes $930,000 in back taxes, indictment alleges
A Washington, D.C., marijuana dispensary owner faces 19 charges of failing to pay about $930,000 in federal income and employment taxes for her business Herbal Alternatives II.
Alabama Medical Cannabis Commission can issue medical marijuana licenses
The Alabama Medical Cannabis Commission (AMCC) can proceed with issuing medical marijuana licenses in the state after an appeals court overturned a temporary restraining order that blocked it from doing so.
Ayr Wellness is selling 4 marijuana stores in Illinois
Ayr Wellness has signed a letter of intent to sell its four marijuana stores in Illinois because the company doesn’t have the scale to compete over the long term.
Cannabis producer Organigram closes final tranche of CA$124.6M funding
Canadian cannabis producer Organigram Holdings closed on the final of three tranches of an overall investment of 124.6 million Canadian dollars (roughly $87 million) from a wholly owned subsidiary of British American Tobacco.
Pre-rolls close in on top cannabis sales spot in Canada
Cannabis sales in Canada dropped last year, but pre-roll sales continued to rise and are on the verge of becoming the top sales category in the country.
Marijuana finance company Safe Harbor modifies debt to increase cash flow
Marijuana industry finance company SHF Holdings, Safe Harbor Financial, has modified its debt with Partner Colorado Credit Union.
