Marijuana industry real estate company Innovative Industrial Properties reported $164.2 million in net income for its common shareholders in its full 2023 fiscal year.
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Canadian government hiking cannabis regulatory fees in April
The Canadian government is increasing eight regulatory fees levied on the regulated cannabis industry beginning April 1.
Marijuana lender AFC Gamma splitting into two companies
Marijuana-sector real estate lender AFC Gamma is splitting off its non-cannabis commercial real estate business into a separate company.
Cannabis delivery workers at California’s Amuse join Teamsters
More workers at Southern California cannabis delivery company Amuse have joined the International Brotherhood of Teamsters, marking another victory in the labor union’s push to organize legal cannabis workers.
Canadian recreational cannabis sales surpass CA$5 billion in 2023
Canadian recreational cannabis sales were worth 5.07 billion Canadian dollars ($3.8 billion) in 2023, an increase of 12.2% compared to 2022, according to government retail sales data released Thursday.
Wisconsin GOP medical marijuana legalization bill dead for now
A limited medical marijuana legalization bill put forward by Republican lawmakers in Wisconsin has reached the end of the line, and it won’t move forward during this legislative session.
Quebec cannabis store SQDC posts CA$33 million third-quarter net income
Quebec’s government-owned cannabis retail monopoly reported net income of $33 million Canadian dollars ($24.5 million) for its third quarter.
Blüm to acquire 3 California cannabis stores for $9.7 million
California marijuana company Blüm Holdings plans to acquire three Sacramento cannabis retail stores from Operators Only Corp.
Small cannabis businesses subject to new ownership reporting rule
Many U.S. cannabis companies will need to comply with a new reporting requirement under federal law, an attorney for the marijuana industry warns.
Tennessee lawmakers reintroduce marijuana referendum ballot bill
Democratic lawmakers in Tennessee have once again filed a bill that would put marijuana legalization referendum questions on the 2024 ballot, although the results of any ballot vote would be nonbinding.
New Mexico marijuana manufacturer Vana gets grant from state
The government of New Mexico has provided marijuana processor and manufacturer Vana with a $90,000 grant.
California marijuana company Blüm shuts Unrivaled grow facility
California marijuana company Blüm Holdings has closed the last cultivation facility owned by its Unrivaled Brands subsidiary as it shifts to focus on cannabis retail and brands after a corporate reorganization.
