The Maine Senate has approved legislation that could make it easier for manufacturers to label certain types of marijuana edibles, including gummies.
Solomon Israel
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Cannabis operator Goodness Growth selling Vireo Health of New York
Cannabis multistate operator Goodness Growth Holdings is selling its subsidiary Vireo Health of New York (VireoNY) to Ace Venture Enterprises for $3 million-$5 million as the company works to amend a credit agreement with its secured lender.
Standard Wellness buys Utah Cannabist medical marijuana dispensary for $6.5M
Multistate operator Standard Wellness Holdings has acquired a medical marijuana dispensary in Springville, Utah in a deal that yielded $6.5 million for seller The Cannabist Co.
Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M
Marijuana multistate operator Ayr Wellness is increasing by $8.4 million the size of an existing mortgage on a cultivation facility in Gainesville, Florida.
Massachusetts cannabis regulator expanding ‘secret shopper’ program
Massachusetts’ Cannabis Control Commission (CCC) is reportedly working to expand a “secret shopper” program as it tries to regulate issues with marijuana packaging and labeling compliance.
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire
Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
Canadian cannabis sales drop 11.5% from December to January
Retail sales of legal adult-use cannabis in Canada tumbled by 11.5% from December to January, totaling 400.1 million Canadian dollars ($294.2 million).
Marijuana ETF shutting down not long after launch
Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching.
280E, new markets and wholesale revenue highlight cannabis earnings season
Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.
Massachusetts marijuana stores sue town over host community fees
Three state-regulated marijuana retailers in western Massachusetts are suing a town government for almost $6 million over “community impact fees” levied as part of their host community agreements.
Washington state police implicate Chinese nationals in marijuana bust
Police in western Washington state have made arrests in an investigation into what the Tacoma Police Department described as “a major illegal marijuana grow operation by Chinese nationals.”
TerrAscend expects $26 million tax refund, shares strategy for marijuana nemesis 280E
TerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under Section 280E of the Internal Revenue Code, and an executive hinted at the company’s legal basis for doing so.
