Canada’s second-most valuable adult-use market, Alberta, now permits cannabis sales at age-restricted events such as music festivals or marijuana trade shows.
Solomon Israel
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Cannabis tech company Agrify gets extension for Nasdaq rule compliance
Cannabis tech company Agrify Corp. said it will keep its listing on the Nasdaq for now as it works to meet the exchange’s requirements surrounding minimum stockholders’ equity.
Maine again seeking DOJ crackdown on illicit Chinese cannabis grows
All four members of Maine’s congressional delegation are once again asking the U.S. Department of Justice to take action against what they called “illegal Chinese-owned marijuana operations” in the state.
Lawsuit claims race, gender bias by New York’s marijuana regulator
New York’s Office of Cannabis Management and its supervisory Cannabis Control Board are being sued by a microbusiness license applicant claiming discrimination against a business owned by white men as a result of the marijuana regulator’s equity push.
Marijuana operator The Cannabist Co. buying back $25 million in debt
The Cannabist Company Holdings, a marijuana multistate operator, has announced a deal to buy back up to $25 million in principal on senior secured debt by issuing shares.
Cannabis and the capital markets: Q&A with Canadian Securities Exchange CEO Richard Carleton
Canadian Securities Exchange CEO Richard Carleton discusses the CSE’s place in the capital markets, the tough landscape for publicly traded cannabis companies and the potential impact of U.S. rescheduling.
Canadian recreational cannabis sales down 6.2% in November
Retail sales of recreational cannabis totaled 412.1 million Canadian dollars ($305.8 million) in November, a decline of 6.2% from October.
Cannabis marketer, distributor Petalfast raises $8 million from family offices
Petalfast, a California-based cannabis sales, marketing and distribution company, raised roughly $8 million from investors, including private family offices.
Wisconsin Assembly speaker rejects compromise on medical cannabis bill
Wisconsin State Assembly Speaker Robin Vos says he won’t amend a Republican bill that would create a restrictive medical cannabis regime, despite opposition from some fellow GOP lawmakers.
Canadian cannabis company Safari Flower accesses creditor protection
Canadian cannabis grower and processor Safari Flower Group is insolvent and has received an initial creditor protection order under Canada’s Companies’ Creditors Arrangement Act.
Ontario’s new cannabis store ownership cap expected to boost M&A
A new regulatory change allowing one company to operate up to 150 recreational cannabis stores in Ontario – a twofold increase from the previous cap of 75 – is expected to benefit large retail chains and drive more consolidation in Canada’s most valuable adult-use market.
Illinois adult-use cannabis sales exceed $1.6 billion in 2023
Consumers in Illinois spent more than $1.6 billion on legal adult-use cannabis in 2023, a market record despite a nearly 15% year-over-year decline in sales to out-of-state shoppers.
