Canada-based cannabis retailer High Tide is stepping back from its deal with Purecan GmbH to enter Germany’s medical marijuana market.
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What will Germany’s election outcome mean for nation’s cannabis industry?
Conservative leader Friedrich Merz’s election victory in Germany could result in a potential slowdown or reversal of the European Union nation’s recent cannabis reform as his party has previously opposed legalization efforts.
Cannabis MSO Jushi benefiting from little-used IRS tax-credit program
The IRS owes Jushi Holdings about $6 million in Employee Retention Credit (ERC) claims, but the cannabis multistate operator didn’t want to wait for it.
West Virginia marijuana operator Harvest Care secures $4 million refinancing deal
Marijuana operator Harvest Care Medical closed on a $4 million refinancing deal geared toward supporting its growth in West Virginia.
Marijuana operator Story Ohio secures $15 million loan for expansion
Story of Ohio got a $15 million loan from Advanced Flower Capital to support its expansion in Ohio’s adult-use marijuana market.
Quebec cannabis retailer SQDC reports income of CA$40.5 million
Quebec’s government-operated marijuana retailer, Société québécoise du cannabis, reported income of 40.5 million Canadian dollars ($28.6 million) for its fiscal third quarter, which ended Jan. 4.
Ohio recreational marijuana sales exceed $319 million in 6 months
Recreational marijuana sales in Ohio hit $319.6 million in the six months since adult use launched in August – far more than the $14.5 million taken in by the state’s medical cannabis market in its first six months.
Massachusetts renews cannabis tracking contract with Metrc
Massachusetts renewed its contract with cannabis seed-to-sale software provider Metrc, an agreement the parties have had since the state’s first adult-use stores opened in 2018.
Colorado Springs can’t sidestep voters on recreational marijuana, judge rules
A district court judge has blocked the city of Colorado Springs from asking voters to repeal recreational marijuana sales they approved in November.
MediPharm cancels $5.5 million sale of Ontario cannabis facility to Kensana
Canadian cannabinoid company MediPharm Labs is halting the previously announced sale of its Napanee, Ontario, facility to Kensana Health.
MSO iAnthus selling cannabis stores, cultivation facility in Arizona
Cannabis multistate operator iAnthus Capital Holdings is selling two Arizona marijuana stores and a cultivation facility to Sonoran Roots for $36.5 million.
Marijuana makes Broadway premiere in Playbill theater magazine ad
New York cannabis retailer The Travel Agency has become the first marijuana business to advertise in Playbill, the magazine serving Broadway and Off-Broadway theater enthusiasts.
