Cannabis Industry & Marijuana Business Briefs

Marijuana information firm Leafly lays off 54

Leafly, the online marijuana strain and dispensary guide, on Tuesday announced it had laid off 54 employees, or 18% of its workforce, becoming the latest MJ-related business to shed employees. The layoffs cut across all departments, a spokeswoman for the Seattle-based company said. Leafly made the layoffs to “more closely align our business operations with […]

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Cannabis-focused mutual fund, ETF to close

The Evolve Funds Group, a Canadian fund manager with more than 630 million Canadian dollars ($478 million) under management, on Tuesday said it will shutter a small, poorly performing cannabis mutual fund and an even smaller exchange-traded fund (ETF) that also invests solely in marijuana companies. Evolve attributed the closing to the “volatile” nature of the marijuana […]

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New Zealand’s adult-use cannabis referendum is set for September

New Zealand has scheduled a date for its next general election, which will coincide with a referendum on the legalization of recreational cannabis. On Sept. 19, New Zealanders will be asked to answer the straightforward question, “Do you support the proposed Cannabis Legalization and Control Bill?” Two options will be on the ballot: “Yes, I […]

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California finds illegal cannabis vapes tainted with additives

Marijuana vape cartridges seized in unlicensed stores in Los Angeles contained potentially dangerous additives, including a thickening agent blamed for a national outbreak of deadly lung illnesses tied to vaping, California officials said Monday. Officials also found that the illegal vapes confiscated in the December raids typically were not as potent as advertised and sometimes contained […]

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Tribes in two states considering cannabis opportunities

An American Indian tribe in Oklahoma is exploring ways to become involved in the marijuana industry, while a South Dakota tribe will vote on whether to legalize medical and adult-use cannabis its reservation. The Cherokee Nation in Tahlequah, Oklahoma, is seeking recommendations from a seven-member committee by May 31 on marijuana and hemp opportunities for the […]

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Missouri licenses 192 medical marijuana dispensaries

It took only two days for Missouri regulators to award all 192 medical cannabis store licenses in the state. Voters approved a constitutional amendment in 2018 that requires the state’s Department of Health and Senior Services (DHSS) to license at least 192 dispensaries, 24 in each of Missouri’s eight congressional districts, according to St. Louis Public […]

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Alaska licenses state-approved social cannabis consumption

Marijuana stores in Alaska will be among the first in the United States where state-sanctioned on-site consumption is permitted. Alaska regulators approved licenses for the first retail stores where customers can smoke or consume marijuana products. Some cities in other states have approved MJ consumption sites. For example, the City Council in Springfield, Illinois, recently approved a […]

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Aphria secures CA$100 million injection from anonymous investor

Canadian cannabis producer Aphria said Friday it has entered into an agreement with an institutional investor for a strategic investment worth 100 million Canadian dollars ($76 million). Chief Corporate Affairs Officer Tamara Macgregor told Marijuana Business Daily the investor requested to remain anonymous. The investor agreed to purchase just over 14 million Aphria units at CA$7.12 apiece. […]

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