Ohio’s recreational marijuana sales topped $50 million in the first month adult-use cannabis products were available.
Margaret Jackson
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Rhode Island regulators support lottery for cannabis retail licenses
The winning applicants for Rhode Island’s next two dozen cannabis retail licenses could be selected through a lottery under a proposal approved by the state’s Cannabis Control Commission.
Cannabis staffing platform Vangst acquires GreenForce
Colorado-based hiring platform Vangst is buying GreenForce, a cannabis temporary staffing agency operating in Arizona and Oregon.
Ayr Wellness awarded medical cannabis license in Virginia
Miami-based multistate cannabis operator Ayr Wellness was awarded the last of five medical cannabis licenses to be issued in Virginia.
Kentucky receives nearly 5,000 medical marijuana license applications
Kentucky’s Office of Medical Cannabis received 4,998 applications for medical marijuana business licenses and collected more than $27 million in fees in July and August.
Alabama judge pondering lifting some medical marijuana licensing restrictions
The Alabama Medical Cannabis Commission (AMCC), handcuffed by the judicial system, could at least vet some marijuana license awards if a state judge follows through and lifts some restrictions.
Missouri governor orders intoxicating hemp products removed from stores
Missouri’s governor ordered the state’s Department of Health & Senior Services to remove products containing intoxicating hemp substances from the market.
Cannabis producer Organigram closes on second tranche, reaps CA$41.5 million
A British American Tobacco subsidiary acquired roughly 4.4 million Organigram common shares and 8.5 million Class A preferred shares for gross proceeds of CA$41.5 million.
Pre-rolls spark fastest growth category in the cannabis industry
As cannabis consumer preferences shift toward convenience and ready-to-use products, pre-rolls have evolved from a niche offering to a retail staple.
Cannabinoid firm Avicanna pays off debt with funds from $2M private placement
Toronto-based Avicanna said it paid off $1.4 million in debt from August 2023 after closing on a nearly $2 million non-brokered private placement of its 6.6 million shares.
SNDL wins stalking-horse bid to buy cannabis edibles producer Indiva
Canadian cannabis and alcohol company SNDL won its stalking-horse bid to acquire Indiva, the country’s leading producer of marijuana edibles.
Missouri cannabis operators face Sept. 1 deadline to implement plain packaging
Missouri’s plain packaging requirements for recreational cannabis products take effect Sept. 1, more than a year after the rule was put in place.
