Second Delaware bill to legalize adult-use marijuana loses in House vote
A second bill to create an adult-use marijuana industry in Delaware failed in the House by one vote when a lawmaker fell ill.
Canadian cannabis producer Canopy Growth shuts ESG unit in latest layoffs
Canopy Growth Corp. dissolved the Social Impact and Advocacy team, which led the company’s environmental, social and governance (ESG) strategy, during its latest round of cost-cutting layoffs.
Massachusetts House votes in favor of reforming cannabis social equity
Lawmakers in the Massachusetts House joined their Senate counterparts in approving legislation to promote greater diversity in the state’s licensed cannabis industry.
Cresco Labs secures $38 million tax breaks for New York cannabis facility
Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.
California gov’s marijuana tax plan fails to fix key problems, industry officials say
California Gov. Gavin Newsom’s proposal to eliminate the state cultivation tax on marijuana is a welcome move, according to industry officials.
But they argue the governor’s plan fails to go far enough to help an industry beset by high taxes, burdensome regulations and a robust illicit market.
DEA-endorsed marijuana research grower debuts on Nasdaq; shares soar
Bright Green Corp. on Tuesday became the first U.S plant-touching company to trade on a major exchange in the United States – in this case, the Nasdaq.
Cannabis REIT buys, leases back Tilt Holdings property in $40 million deal
Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.
