Delta-9 news.
Organigram Global, one of Canada’s largest marijuana producers, is entering the growing U.S. hemp-derived THC beverage market through a multimillion-dollar acquisition of Collective Project, a THC drink manufacturer based in Hamilton, Ontario.
Sales of THC-infused products in Arizona anywhere but at licensed marijuana stores is illegal and enforcement will begin April 24, the state’s attorney general warned in letters to cannabis retailers.
Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
Years of nationwide growth appear to be over for the U.S. hemp-derived THC industry, which is threatened by state restrictions and bans.
A total ban on hemp-derived THC products championed by one of Texas’s most powerful politicians has passed the state Senate.
Colorado’s regulated marijuana market is riddled with unsafe and illegal hemp-derived THC, a flow that regulators are unable or unwilling to stop, a state-licensed cannabis company alleges in a lawsuit.
California’s total ban on products with any detectable level of hemp-derived THC is poised to continue until at least June.
