More than 60 cannabis workers at two of Acreage Holdings’ The Botanist locations in New Jersey are joining the United Food and Commercial Workers (UCFCW).
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Hexo, Tilray finalize cannabis deal for debt purchase, ‘strategic alliance’
Major Canadian cannabis producers Hexo and Tilray Brands signed a definitive agreement for a “strategic alliance,” with Tilray acquiring Hexo debt in exchange for the right to purchase Hexo shares.
Cannabis lender Pelorus closes second tranche of $77.3M Harborside financing
Cannabis industry real estate lender Pelorus Equity Group closed the second tranche of its $77.3 million loan to California marijuana company Harborside.
Court hints it might strike down Maine medical marijuana residency law
A federal court appears poised to strike down a Maine law that prevents out-of-state ownership of for-profit medical marijuana dispensaries.
New ‘cannabis strategy table,’ excise tax tweaks floated in Canada’s 2022 budget
The Canadian federal government is proposing a new “cannabis strategy table” to liaise with legal cannabis industry businesses in a new budget document released Thursday.
British Columbia considering recreational cannabis consumption spaces
The government of British Columbia is considering allowing recreational cannabis consumption spaces and has launched a public consultation on the topic.
Tilray launches cannabis edible in Quebec despite restrictive regulations
Canadian producer Tilray Brands has launched a line of cannabis edibles in Quebec, working around the provincial government’s strict rules regarding such products.
Canadian cannabis vape sales growth continues as consumer preferences evolve
Canadian sales of cannabis vape products continued to build from 2020 to 2021, with dollar sales up 79% and unit volume sales growing 100%, according to market data from Seattle-based cannabis data firm Headset.
Canadian marijuana company Valens closing Citizen Stash facility in BC
Kelowna, British Columbia-based cannabis product manufacturer The Valens Co. is shuttering and selling a facility in Mission, British Columbia.
St. Louis medical marijuana dispensary workers unionize in a Missouri first
Eight workers at the Root 66 medical marijuana dispensary in St. Louis voted to join the United Food and Commercial Workers (UFCW) union.
New Mexico adult-use marijuana sales surpass $3.5 million in first three days
New Mexico’s new adult-use marijuana market recorded more than $3.52 million worth of sales from market launch on Friday through Sunday.
Cannabis investor IIP prices share offering to raise $300 million
Cannabis real estate investment trust Innovative Industrial Properties (IIP) priced an underwritten share offering to raise roughly $300 million.
