Story of Ohio got a $15 million loan from Advanced Flower Capital to support its expansion in Ohio’s adult-use marijuana market.
Margaret Jackson
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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.
Minnesota to open adult-use marijuana licensing this month
Prospective operators in Minnesota’s impending adult-use marijuana market can begin submitting business license applications on Feb. 18.
Is women’s health the key to reviving the cannabis industry?
Many U.S. states have embraced medical cannabis as a treatment for various ailments, yet women’s health issues remain largely overlooked as qualifying conditions by many MMJ programs.
Illinois regulators adopt Metrc’s marijuana seed-to-sale software
Illinois regulators are replacing the state’s BioTrack marijuana seed-to-sale software platform with Metrc.
Oregon’s marijuana glut leads to lowest prices ever, regulator says
Marijuana prices in Oregon have dropped to their lowest levels ever because of the oversupply resulting from last year’s record-breaking harvest.
