New Mexico’s Cannabis Control Division is cracking down on a Las Cruces business for “gifting” marijuana to shoppers who bought non-MJ merchandise.
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Marijuana brand Old Pal gets $8M infusion from consumer products firm
Consumer products company Turning Point Brands (TPB) is making an $8 million strategic investment in marijuana brand Old Pal Holding. Louisville, Kentucky-based TPB's investment involves "a convertible note which includes additional follow-on investment rights,"...
Canadian cannabis sales reach record of CA$313 million in May
Regulated recreational marijuana sales in Canada grew modestly between April and May for the third month straight, reaching a milestone of 313.3 million Canadian dollars ($248.8 million). National sales were up by 2.3% over April's record...
Denver approves first marijuana retailer to work with licensed delivery service
The Denver location of Colorado marijuana retail chain Strawberry Fields is the city’s first recipient of a cannabis delivery license.
Amazon lobbies US government on cannabis, report says
In a first for the company, e-commerce behemoth Amazon lobbied the U.S. government on cannabis policy during the second quarter of this year, Business Insider reported. The report did not detail exactly which aspects of cannabis policy were...
Cannabis retailer High Tide continues US e-commerce acquisition spree
Canadian cannabis retail chain High Tide is making yet another U.S. e-commerce acquisition, entering a $3.85 million deal to acquire online marijuana accessories retailer DankStop. Under the terms of the deal announced Tuesday, High Tide's...
Online cannabis sales boom amid COVID-19 spurs delivery-service acquisitions
The explosive growth of e-commerce during the COVID-19 pandemic has propelled new interest in acquisitions involving direct-to-consumer cannabis delivery.
Ayr to acquire Nevada marijuana grower, concentrates producer for $17M
Multistate marijuana operator Ayr Wellness said it is spending $17 million to acquire two Nevada cannabis businesses, Tahoe Hydroponics Co., a cultivator, and NV Green, a concentrates producer. Tahoe and NV Green are separate companies but have "the same principals...
When setting cannabis retail prices, covering expense is priority No. 1
Whether they’re shopping in a newly legal market and comparing prices against illicit-market marijuana or weighing prices between a variety of regulated stores in a more mature market, cannabis consumers can be highly sensitive to pricing.Â
Court approves Canadian marijuana producer CannTrust’s restructuring plan
A court approved a plan for troubled Canadian marijuana producer CannTrust Holdings to reorganize under Canada’s Companies’ Creditors Arrangement Act (CCAA), the Ontario-based business said.
Jushi closes $5M acquisition of Ohio medical marijuana cultivator OhiGrow
Florida-based multistate marijuana company Jushi Holdings closed its acquisition of Ohio medical marijuana grower OhiGrow in a cash deal worth $5 million. OhiGrow is one of 34 licensed cannabis cultivators in Ohio, according to a Jushi news release issued Thursday....
Canopy Growth sued by Cointreau over cannabis beverage name
Canada-based cannabis producer Canopy Growth is being sued in a U.S. federal court by French orange liqueur producer Rémy Cointreau, which alleges that Canopy's line of "Quatreau" cannabis beverages willfully infringes on the Cointreau trademark. The name of Canopy's...
