Employees at two Illinois marijuana retail locations owned by multistate operator Verano Holdings ratified collective bargaining agreements, according to the International Brotherhood of Teamsters.
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Washington state busts unlicensed marijuana retailers in stings
Washington state’s marijuana regulator seized cannabis from two unlicensed businesses after undercover investigations and is recommending prosecutors pursue felony charges in both cases.
Quebec has limited plans for new cannabis stores under retail monopoly
Quebec’s government-run cannabis retail operator has limited plans for new stores despite the province having fewer shops than smaller provinces.
Virginia hemp product retailers slapped with fines under new law
Virginia authorities are cracking down on stores selling unauthorized hemp-derived products under a new law and handing out significant fines in the enforcement push.
Room for improvement in Colorado marijuana inspections, audit shows
Colorado’s marijuana regulator could improve its operations in several areas, including retail cannabis store inspections and enforcing rule violations, according to a recent report from the Office of the State Auditor.
Israeli, German operator IM Cannabis gets Nasdaq price warning
International medical marijuana operator IM Cannabis Corp. has become the latest in the industry to receive a warning from the Nasdaq stock exchange over a share price falling below the exchange’s minimum bid price requirement.
Share consolidation sweeps marijuana industry as stock prices flop
In the face of slumping cannabis stock prices, publicly traded Canadian marijuana producers and U.S. ancillary companies are increasingly turning to share consolidations to maintain their listings on the Nasdaq exchange.
Massachusetts marijuana social equity fund has zero funding, report says
The Massachusetts fund intended to advance social equity in the state’s marijuana industry remains unfunded almost a year after it was created.
Missouri marijuana microbusiness licensing process begins Thursday
Aspiring marijuana entrepreneurs in Missouri may apply for the state’s first lottery for microbusiness licenses starting Thursday.
Cannabis operator Aleafia enters creditor protection after failed merger
Financially distressed Canadian cannabis company Aleafia Health has entered creditor protection, shortly after the failure of its attempt to merge with U.S. multistate marijuana operator Red White & Bloom Brands.
Aurora Cannabis sells Sun production facility to Bevo Farms
Canadian marijuana producer Aurora Cannabis closed on the sale of its enormous Sun greenhouse to Bevo Farms, although the exact value of the transaction was not disclosed.
Canadian adult-use cannabis sales edge up to CA$415.6M in May
Canada’s regulated recreational marijuana retailers sold 415.6 million Canadian dollars ($314.7 million) worth of cannabis in May, a 1.2% increase over April, with the province of Quebec posting the largest monthly gain.
