Recreational Marijuana News

Marijuana firm Cresco Labs charts plan to go public in Canada

Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). Cresco announced Wednesday that it’s pursuing an RTO of Randsburg International Gold, an Ontario-based firm that has no significant operations but is listed on […]

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Canadian marijuana cultivator Flower One buys Nevada MJ firm for $27 million

Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]

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California pursues stopgap plan to issue provisional cannabis licenses

California regulators are moving ahead with a second round of nonpermanent licensing to allow marijuana companies to continue operating without a permanent license while state and local officials process a backlog of permit applications. The move is intended to help California’s MJ industry avoid supply disruptions, The Orange County Register reported. State Senate Bill 1459, which […]

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Alaska plans changes to how it taxes marijuana in response to industry concerns

Alaska is revising how it taxes cannabis to address concerns raised by local MJ industry executives, a move that will make distinctions between different types of bud. The current excise tax per wholesale ounce of cannabis bud or flower is $50 in Alaska, according to the Marijuana Business Factbook 2018. That rate – equivalent to […]

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Denver cannabis retail chain Sweet Leaf owners strike deal to pay fine, give up licenses

The owners of Denver-based marijuana retail chain Sweet Leaf made a deal with Colorado’s cannabis regulatory agency to sell the company’s remaining business licenses in the state, pay roughly $2 million in fines and drop their appeal. Alt-weekly Westword reported that owners Anthony Suaro, Christian Johnson and Matthew Aiken owe roughly $1.5 million to the […]

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San Francisco plans to create cannabis industry oversight committee

San Francisco officials plan to form a committee to monitor the city’s marijuana industry and assess its regulations and government oversight. According to the San Francisco Examiner, the new Cannabis Oversight Committee will: Examine the work done by the city’s Office of Cannabis. Measure the impact of existing regulations on businesses and communities. Make recommendations to […]

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Exclusive: Report finds Washington state rushed into launching marijuana tracking system, fixes needed

An independent report commissioned by Washington marijuana regulators found the state and MJ Freeway were forced to rush out a new cannabis seed-to-sale traceability system earlier this year despite technical problems that cost cannabis businesses tens of thousands of dollars in lost sales. The study, performed by a leading tech and research consultancy and obtained […]

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IHeartMedia to invest up to $10 million in marijuana publisher High Times

The nation’s largest radio broadcaster, IHeartMedia, has agreed to invest up to $10 million in the publisher of High Times magazine, giving the marijuana company access to the media firm’s digital and radio advertising platforms. Under the deal, IHeart will commit $5 million-$10 million worth of advertising on the internet and radio – platforms High […]

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On cusp of legalization, Canadian cannabis stockpiles hit record

Licensed producers of marijuana in Canada have stored away a record amount of cannabis in the months leading up to legalization, yet analysts still anticipate a significant shortage after initial inventories are depleted – particularly of highly sought-after strains. According to new data from Health Canada, the country’s 100-plus licensed producers accumulated 96,700 kilograms of […]

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Ontario to permit cannabis sales at production centers, following Newfoundland’s lead

Ontario’s proposed new rules for recreational cannabis would allow licensed producers to sell marijuana to consumers at cultivation facilities, a move that gives producers the ability to curate “customer experiences” and opens the door to new branding opportunities. Ontario’s Cannabis Statute Law Amendment Act was introduced in the Legislature on Thursday. Licensed producers have lobbied provincial governments […]

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