Canadian retailer Nova Cannabis to issue up to CA$20 million in shares
Canadian marijuana retail chain Nova Cannabis announced an at-the-market share offering to issue as much as 20 million Canadian dollars ($15.5 million) worth of shares over time.
Weedmaps again advertising illegal marijuana retailers and products, complaints allege
Cannabis advertising giant Weedmaps is again carrying listings on its website for illegal or unlicensed marijuana retailers and products in California, according to complaints filed with state and federal regulators.
Illinois issues 185 new recreational marijuana retail licenses
Illinois regulators on Friday announced tentative winners for 185 new recreational marijuana retail permits.
Canadian adult-use cannabis sales grow slightly to nearly CA$376 million in May
Sales of legal adult-use cannabis in Canada totaled a record 375.8 million Canadian dollars ($292.1 million) in May, representing a 0.7% increase over April sales on an unadjusted basis, according to new data from Statistics Canada.
What’s next in the City of Angels: Q&A with L.A. marijuana regulator Michelle Garakian
Shortly after Michelle Garakian replaced Cat Packer in March to become the Los Angeles marijuana czar, the city invoked mandatory timelines to process and approve cannabis business applications and licenses.
Unclogging that bottleneck is among the top priorities of Garakian’s strategic plan to improve bureaucracy, communication and assistance to operators and applicants in one of the world’s largest regulated marijuana markets.
Schumer marijuana legalization bill finally introduced in Senate
Legislation to remove the decades-old federal ban on marijuana was at long last introduced Thursday by Senate Majority Leader Chuck Schumer, and cannabis industry leaders were gleeful over the milestone, even though it’s a long shot that the legalization bill will become law.
Tips for cannabis business owners facing sky-high real estate costs
Cannabis business owners looking to navigate soaring real estate costs amid tough market conditions have options at their disposal, including negotiating with landlords and linking business profitability to lease payments.
