Cronos pulls plug on US hemp and CBD operations
Toronto-based Cronos Group is pulling out of the U.S. hemp-derived CBD market “to improve its cash flow in the near term.”
Cannabis MSO Trulieve ceasing operations in Massachusetts
Florida-based marijuana operator Trulieve Cannabis is shutting down its operations in Massachusetts and further downsizing in California.
Legal settlement paves way for marijuana retail licensing in NY region
A settlement between New York cannabis regulators and a Michigan plaintiff will finally open up retail licensing in the Finger Lakes region.
Florida high court to hear challenge to adult-use cannabis legalization
The Florida attorney general’s attempt to halt a heavily bankrolled adult-use marijuana legalization campaign will go before the state Supreme Court and could be heard as soon as June.
Decibel Cannabis reports small first-quarter loss, positive adjusted EBITDA
Decibel Cannabis booked a net loss of 569,000 Canadian dollars ($418,000) in the first fiscal quarter of 2023, marking a substantial improvement over the Calgary, Alberta-based company’s CA$4.4 million loss in the same period last year.
Proposed Missouri zip codes for marijuana microbusinesses under fire
Social equity advocates in Missouri are questioning the validity of numerous zip codes submitted by law enforcement that would qualify residents to apply for cannabis microbusiness licenses.
