Potency testing on store-bought cannabis flower by a Canadian laboratory has found THC levels significantly lower than the labeled value, sparking an industrywide conversation about how to address inaccurate THC claims.
Solomon Israel
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SEC charges cannabis firm American Patriot Brands with fraud
The U.S. Securities and Exchange Commission has charged Nevada-based cannabis company American Patriot Brands with fraud in a “long-running scheme” in which the company raised more than $30 million from investors.
Kris Krane returns to marijuana MSO 4Front Ventures with board seat
Longtime cannabis industry executive Kris Krane is rejoining 4Front Ventures, the multistate marijuana company he co-founded, as a member of the board of directors.
With cannabis cultivator cap lifted, growers face New Jersey’s challenges
New Jersey is no longer limiting the number of cannabis cultivation licenses, and entrepreneurs are looking forward to supplying the East Coast marijuana market as production ramps up.
Medical marijuana sales in Arkansas reach $22.4 million in February
Medical marijuana patients in Arkansas spent $23.1 million on cannabis products in January and $22.4 million in February for a total of $45.5 million over the two-month period.
Marijuana MSO TerrAscend applies to list shares on Toronto Stock Exchange
TerrAscend Corp. applied to list its shares on the Toronto Stock Exchange (TSX), which would represent a step up to a larger exchange for the marijuana multistate operator.
Oregon marijuana prices reach new lows amid oversupply issues
Retail and wholesale prices for legal marijuana in Oregon are at or near all-time lows as a cannabis oversupply continues to affect licensed businesses.
New Mexico legal marijuana sales grow to $41.6 million in February
Sales of legal adult-use and medical marijuana in New Mexico totaled $41.6 million in February, according to sales figures released by the state’s cannabis regulator.
THC-containing hemp products become political issue in Louisiana
The Republican speaker of Louisiana’s House of Representatives is displeased with the state health department because hemp-derived products containing significant amounts of delta-9 THC made it to market.
Investor in cannabis firm Tilray suing former and current boards, ex-CEO
Tilray Brands is being sued by an investor who alleges the company’s former leadership led investors astray.
Nevada marijuana sales shrank 3.8% to $965.1M from mid-2021 to mid-2022
Nevada marijuana consumers spent $965.1 million on adult-use and medical cannabis between July 1, 2021, and June 30, 2022, a 3.8% decline from the previous-year period.
Illinois recreational marijuana sales hit $120.5M in Feb.; out-of-state sales shrink
Recreational marijuana sales in Illinois totaled $120.5 million in February, an increase of 5.7% from February 2022 despite declining sales to out-of-state shoppers.
