United States Cannabis Industry & Marijuana Business News

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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Cannabis trade group’s report targets illicit market in response to vaping health crisis

The marijuana industry’s largest trade association released a report Tuesday on the vaping health scare that calls on cannabis business owners, regulators and law enforcement to do more to combat the illegal market. The National Cannabis Industry Association (NCIA) report targets several areas for improvement in order for licensed cannabis companies to succeed against illegal operators, which many experts […]

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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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Week in Review: US House members reach out to Senate on marijuana banking, Cresco gets $200M in debt financing, Denver MJ store burglaries & more

Sponsors of the cannabis banking bill that passed the U.S. House appeal to the chair of a key U.S. Senate panel, lenders provide Cresco Labs $200 million in debt financing, police urge Denver marijuana store owners to take added security measures – and more of the week’s top MJ business news. Marijuana banking reform The four […]

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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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