Colorado marijuana sales top $115.4 million in January
Colorado’s total marijuana sales in January were essentially flat compared to December transactions in the state.
Colorado’s total marijuana sales in January were essentially flat compared to December transactions in the state.
Canadian cannabis retailer High Tide reported break-even net income and positive free cash flow in its financial results for the first quarter of fiscal 2024.
Wyoming Gov. Mark Gordon recently signed into law Senate File 32, which ban the sale of hemp-derived THC products.
TerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under Section 280E of the Internal Revenue Code, and an executive hinted at the company’s legal basis for doing so.
Canadian Finance Minister Chrystia Freeland was warned last fall about systemic “financial distress” facing the country’s cannabis producers, including skyrocketing tax debt and widespread insolvencies.
Planet 13 Holdings has recovered $3.4 million from its case against an investment firm that the marijuana multistate operator alleges “embezzled money from the company’s accounts,” co-CEO Robert Groesbeck told investors.
Florida-based marijuana multistate operator Trulieve Cannabis has filed a lawsuit against a former chief financial officer for misappropriating hundreds of thousands of dollars tied to personal expenses.
Arizona operators such as gas stations and smoke shops that are selling delta-8 and other hemp-derived THC products without marijuana business licenses are breaking the law, the state’s attorney general says.
Multistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024.
Thrive Cannabis Marketplace recently opened the first state-licensed lounge adjacent to its store just off the Las Vegas Strip, and nearly 20 other consumption businesses are putting the finishing touches on their venues.
Cannabis retailers in Minnesota selling product before the state officially launches legal adult-use marijuana sales risk getting a $1 million fine and jeopardizing their chances of getting MJ business licenses when they become available later.
David Goubert, CEO of multistate operator Ayr Wellness, told investors and analysts that the Miami-based company is positioned better than its competitors to capitalize on future adult-use marijuana markets.
Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse.
Marijuana multistate operator The Cannabist Co. is trying to improve its wholesale business as it moves on from what CEO David Hart described as “an arduous 2023.”
California-based Jean Talley sat down with MJBizDaily to share his perspective about medical cannabis research.
A Native American tribe is accusing North Carolina’s two Republican U.S. senators of launching an “inflammatory… frontal attack” on tribal sovereignty after the politicians contacted federal and state law enforcement about the Natives’ impending marijuana store.
Medical cannabis companies from Canada and Britain are joining forces to create a global, vertically integrated business to tap opportunities in Europe and beyond.
The prospect of federal marijuana reform is growing investment and improving equity for Chicago Atlantic Real Estate Finance’s clients, senior management said Tuesday during the company’s fourth-quarter and full-year earnings call.
Multistate cannabis operator Ascend Wellness Holdings says it has filed amended federal tax returns for several years and expects to receive refunds, becoming the latest U.S. marijuana company to seek the return of tariffs paid under Section 280E of the Internal Revenue Code.
Those keen to know exactly when the U.S. Drug Enforcement Administration will issue its decision on marijuana rescheduling remain frustrated.
Virginia’s 60-day General Assembly session adjourned Saturday without the state’s Republican governor signing into law a bill finally legalizing adult-use marijuana sales.
IM Cannabis Corp. is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out – and potentially sell – its existing medical marijuana operations in Israel and Germany.
This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.
Dutch authorities have ironed out issues involving the Netherlands’ cannabis experiment, government and industry officials told MJBizDaily.
Voters in Humboldt County, California, soundly rejected a ballot initiative Tuesday that aimed to widely curb marijuana cultivation in that region.
Colorado cannabis retail chain Maggie’s Farm is responding to criticism after it shuttered five locations in late February without warning employees.
Marijuana reform garnered only a brief mention during President Joe Biden’s annual State of the Union address on Thursday night.
Publicly traded cannabis industry lender AFC Gamma reported nearly $16 million in net interest income for its fourth quarter ended Dec. 31, down 18.9% from the same quarter a year before.
MedMen Enterprises has shuttered all but two of its stores in California, workers confirmed to MJBizDaily. Only MedMen stores in San Diego and near Los Angeles International Airport remain open.
As cannabis marches toward becoming a category in the natural products and wellness CPG industry, its potential economic impact is immense.
Florida lawmakers have approved a wide-ranging bill that critics contend could destroy the state’s hemp market.
The 2024 Emerald Cup, the Northern California sun-grown cannabis celebration now in its 20th year, has been pushed from May until August.
The Australian Securities Exchange halted trading of Cann Group Limited’s shares after the company’s auditor flagged concerns over financing and the cannabis producer’s first-half operating loss.
Major marijuana multistate operator Curaleaf Holdings posted $345.3 million in net revenue for the fourth quarter of 2023, an increase of 1.5% over the same quarter the year before and 3.6% over the third quarter.
California led the nation in hemp flower acreage and production in 2022, according to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture. Alameda County, California, led all U.S. counties.
A new industry trade group, the Florida Medical Marijuana Trade Association, has been formed to lobby for policies favorable to the state’s cannabis sector.
Hawaii’s Senate overwhelmingly approved a bill to legalize adult-use marijuana retail and cultivation.
Missouri regulators will begin accepting the second round of adult-use cannabis microbusiness applications April 15-29.
Marijuana multistate operator Planet 13 Holdings has priced a public offering to raise gross proceeds of at least $11.3 million.
The lower house of Parliament in the Netherlands rejected the addition of Amsterdam to the country’s cannabis cultivation and distribution experiment, meaning the number of cities set to take part when the pilot fully launches this summer will remain at 10.
Two buyers placed winning auction bids of more than $1.4 million to acquire certain assets from California marijuana distributor Herbl.
A Republican lawmaker in Kentucky has introduced a bill to widely expand qualifying conditions for medical cannabis patients as the state preps to launch an MMJ program next year.
Claiming new rules governing hemp-derived cannabinoid products cost them “millions of dollars in losses,” state-licensed hemp companies in New York are suing the Office of Cannabis Management in federal court.
Oklahoma medical cannabis is frequently less potent than advertised, according to the manager of licensed lab Havard Industries.
Combined sales of legal medical and recreational marijuana in New Mexico have set a record, surpassing $1 billion less than two years after the state launched its adult-use market.
Rejected for a coveted cannabis retail license in an affluent California wine country town, a small marijuana retail chain is alleging in a lawsuit that political contributions from competing applicants “tainted” the process.
British Columbia producer Avant Brands reported record net revenue of 26.3 million Canadian dollars ($19.4 million) from the sale of 7,105 kilograms (15,663 pounds) of cannabis.
Canadian cannabis producer Cronos Group cut its loss in half in 2023, reporting a deficit of $74.5 million (101 million Canadian dollars).
The New Jersey governor’s office is celebrating the opening of more than 100 marijuana stores in the state.