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Marijuana multistate operator Verano Holdings said it must restate five quarterly financial statements dating back to March 31, 2021, and that all of its disclosures and investor presentations since then “should therefore no longer be relied upon.”
Key European government ministers have concluded more work must be done to craft a sustainable framework for regulating recreational cannabis across the region – arguing the current situation is untenable after an unusual meeting of top officials earlier this month.
The first state-licensed medical marijuana dispensary, Unity Rd., opened Wednesday in Hartford, near Sioux Falls, though most cultivators won’t have product ready for sale until this fall.
Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
Prices of wholesale recreational marijuana in Michigan are now as low, or lower, than those in older adult-use markets – underscoring how new markets are ramping up more quickly and, in some cases, becoming glutted.
An initiative to legalize recreational marijuana in Missouri is falling short of the required signatures to qualify for the November ballot.
The U.S. island territory of Guam will kick off its adult-use cannabis licensing process at the end of next month, making applications available for marijuana entrepreneurs who must be vetted before they’ll be allowed to submit business permit applications.
