Cresco Labs secures $38 million tax breaks for New York cannabis facility
Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.
Canopy inks option deal to buy CA cannabis extractor for at least $69M
Smiths Falls, Ontario’s Canopy Growth Corp. entered a deal giving it the right to buy California-based Jetty Extracts for at least $69 million (89 million Canadian dollars) in cash and stock.
Actor Sacha Baron Cohen drops lawsuit over ‘Borat’ marijuana billboard
Actor Sacha Baron Cohen dropped a lawsuit against Massachusetts marijuana cultivator and retailer Solar Therapeutics, which featured his popular “Borat” character on a highway billboard without permission.
$5 million plan to use marijuana taxes for hemp processing fails in Colorado
A Colorado proposal to use $5 million in marijuana tax collections to help buy machines to process hemp fibers failed.
Rhode Island lawmakers change adult-use cannabis legalization bill
Legislators in Rhode Island revised a bill to legalize adult-use cannabis with the hope the changes could help the measure pass the state’s General Assembly.
Ohio awards 70 provisional licenses for medical marijuana dispensaries
The number of medical marijuana storefronts in Ohio could soon more than double after the state’s pharmacy board approved 70 provisional dispensary licenses.
