New Florida adult-use marijuana legalization campaign launches
The campaign behind last fall’s failed adult-use marijuana legalization push in Florida is gearing up to try again in 2026.
Indiana GOP lawmakers introduce adult-use cannabis legalization bill
A group of Republican lawmakers in Indiana have introduced a bill to legalize an adult-use cannabis market.
Marijuana e-commerce platform Leafly transitions to OTC after Nasdaq delisting
Marijuana e-commerce platform Leafly Holdings’ shares will be delisted from the Nasdaq stock market on Jan. 17 after the exchange’s hearings panel determined the company didn’t earn the required minimum $500,000 in net income from operations.
Banking, veterans and research top priorities for Congress, new Cannabis Caucus chair says
If U.S. Rep. Dina Titus has her way, the 119th Congress will finally pass cannabis banking reform as well as bills easing military veterans’ access to medical marijuana and researchers’ abilities to study the drug.
Nebraska medical marijuana legalization lawsuit now includes more state officials
A former Nebraska state senator has added a half-dozen state officials to a lawsuit seeking to undo voter-approved medical marijuana legalization.
Parent of Raw cannabis rolling papers wins $8.7M in copyright-infringement suit
The Arizona-based parent company of Raw cannabis rolling papers has been awarded $8.7 million from a competitor for copyright infringement of package design and likeness.
Illinois expands medical marijuana program with 4 new qualifying conditions
Illinois is expanding its medical marijuana program with the addition of four conditions to the list of ailments that can be treated with cannabis.
Reborn Eaze plants first cannabis crop at newly expanded Florida cultivation facility
Following through on a goal it set in November while announcing a rebranding and cash infusion, California-based marijuana operator Eaze has planted its first cannabis crop in its recently expanded Green Dragon Florida cultivation facility.
DoorDash rushing to deliver hemp-derived products
Product and food delivery app DoorDash is the latest major company to enter the hemp market.
Ayr Wellness opens Miami’s first medical cannabis dispensary
Ayr Wellness has opened the first medical cannabis dispensary in Miami nearly 10 years after Florida voters legalized MMJ sales.
Cannabis debt crisis looms as billions in loans come due in 2026
As much as $3 billion in debt will come due for major U.S. cannabis operators by the end of 2026, a “wave” of maturities that could portend a significant shake-up in the regulated industry.
Marijuana rescheduling process paused indefinitely after judge cancels hearing
President-elect Donald Trump’s choice to lead the U.S. Drug Enforcement Administration will wield a heavier hand than expected over the ongoing marijuana rescheduling saga after the agency’s chief administrative law judge canceled hearings scheduled for next week.
Marijuana rescheduling judge blasts DEA for ‘unprecedented, astonishing’ behavior
The U.S. Drug Enforcement Administration’s refusal to comply with direct orders from the administrative law judge overseeing the marijuana rescheduling process is “unprecedented and astonishing.”
Canadian cannabis retailer High Tide entering German market via acquisition
Canada-based cannabis retailer High Tide is getting into the German medical marijuana market with the acquisition of 51% of Purecan GmbH for 4.8 million euros ($4.9 million) in a cash-and-stock deal.
Nation’s oldest marijuana retailer facing multiple lawsuits related to unpaid bills
Berkeley Patients Group, the nation’s oldest operational marijuana retailer, is embroiled in several lawsuits alleging the California operator failed to pay invoices to vendors, landlords and service providers.
How will consumer preferences shape cannabis retail in 2025?
Consumer preferences will dictate how cannabis retailers shape their product offerings and inventory in 2025.
New York City marijuana social equity operators sue over proximity exemptions
Four New York City marijuana retailers with social equity licenses are suing state regulators, claiming that recently issued exceptions to a law imposing a 1,000-foot barrier between stores is “undermining” their businesses.
Report: Hundreds of medical cannabis dispensaries could open in DC in 2025
More than 270 medical cannabis dispensaries could launch in Washington, D.C., this year.
Top marijuana regulators in 2 states resign before launch of adult-use sales
The top marijuana regulators in two states on the verge of launching adult-use sales are stepping down.
Cannabis industry relief efforts underway as wildfires rage across Los Angeles area
Los Angeles-area cannabis operators are prioritizing the safety and security of their employees and relief efforts amid historic wildfires raging across the region that have killed at least 10 people, displaced countless others and decimated 2,000-plus structures.
Former employees of Cookies marijuana affiliate TRP allege gender bias in suit
The all-male leadership team at a Los Angeles-based national marijuana retailer affiliated with prominent brand Cookies imposed a “bro culture” that encouraged “pervasive gender discrimination,” according to a lawsuit filed by five former women employees.
Receiver appointed for Red White & Bloom cannabis subsidiary in Michigan
A Michigan circuit court has appointed a receiver for the assets of PharmaCo, a property of Canada-based cannabis multistate operator Red White & Bloom Brands.
Opportunities abound with distressed marijuana businesses – but use caution
Because there is a dwindling number of states that haven’t legalized medical and/or recreational marijuana, it is easy to be fooled into believing opportunities to get a cannabis business license would likewise be shrinking.
Opportunities abound, however.
Judge nixes GTI plans to open medical cannabis stores at Circle Ks in Florida
A Florida administrative law judge has upheld a 2022 decision by regulators to reject a plan by multistate operator Green Thumb Industries to open medical cannabis dispensaries near or adjacent to Circle K stores.
California bill would end hemp-derived THC ban – but with limits
Products with limited amounts of hemp-derived THC would be legal in California again under a bill recently introduced in the state Legislature.
Cannabis financial services firm Safe Harbor cuts $1.2M liability in new deal
Cannabis industry finance company Safe Harbor Financial has eliminated $1.2 million of indemnity liability through a four-year extension and modification of its agreement with Partner Colorado Credit Union.
Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges
The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process.
Ohio recreational cannabis sales surpass $242 million in 2024
Ohio recreational cannabis retailers recorded $242.2 million in sales in 2024 – only five months after the state launched its adult-use market.
Finance experts mixed on prospects of marijuana capital infusion post-rescheduling
Finance experts disagree over the validity of rumors about a “wall of capital” entering the cannabis sector if marijuana is rescheduled.
Agrify sells cannabis cultivation business for $7 million
Cannabis company Agrify Corp. on Monday announced a deal to sell its cultivation operation for $7 million to an investment firm affiliated with former CEO Raymond Chang.
Marijuana operator Canopy USA appoints Jorgensen as first president
Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president.
Canadian cannabis operator Entourage inks deal to go private
Canadian cannabis company Entourage Health Corp. plans to go private in a deal with its primary investor and lender, a major pension fund in the country.
Marijuana goes national: 7 industry predictions for 2025
Here are seven MJBizDaily predictions for developments in 2025 that could impact the U.S. marijuana and hemp industries.
Nevada’s Titus, Minnesota’s Omar take over Congressional Cannabis Caucus
Marijuana reform’s new leaders in the U.S. Congress are Democratic U.S. Reps. Dina Titus of Nevada and Ilhan Omar of Minnesota.
Fight over disputed Arkansas medical marijuana permit escalates
A long-running dispute over one of Arkansas’ medical marijuana cultivation permits is escalating after a second court found regulators improperly awarded one of the licenses.
Cannabis operator Stiiizy says customer records acquired during data breach
Los Angeles-based cannabis operator Stiiizy said this week that a cybercrime group accessed some retail customer data when its point-of-sale vendor experienced a security breach around Oct. 10-Nov. 10, 2024.
Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round
Cannabis multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30.
What cannabis investors should watch for in 2025
While 2024 brought its share of volatility, regulatory uncertainty and market pressures for the cannabis industry, this year offers potential opportunities alongside continued challenges.
Hawaii governor protects medical marijuana caregivers with executive order
Caregivers in Hawaii who provide medical marijuana access to qualified patients will be protected under an executive order signed by the governor.
New York reaches $1 billion mark in recreational cannabis sales
Total recreational cannabis sales in New York have eclipsed the $1 billion milestone since the adult-use market launched in 2022.
Marijuana MSO iAnthus acquires vape brand Cheetah for $1.5 million
Marijuana multistate operator iAnthus Capital Holdings is buying Illinois vape brand Cheetah Enterprises in an all-stock deal valued at $1.5 million.
Minnesota adult-use cannabis license applicants start new year with uncertainty, hope
Instead of putting the finishing touches on their businesses in anticipation of Minnesota’s adult-use market launch early this year, marijuana license applicants instead face delays and uncertainty.
Marijuana mints maker nails its niche with accurate dosing and full-spectrum oil
California cannabis brand Breez has stayed true to its core mission of providing access to medical marijuana patients and recreational consumers since it was established in 2015.
How to start a successful cannabis brand in a down market
Ryan Clark launched his own California-based cannabis flower business in 2021, which was considered by many a down market for cultivators.
What is the economic outlook for marijuana companies in 2025?
The future looks sunnier for the marijuana industry. How companies respond to macroeconomic factors will decide the health of their cannabis businesses.
Keef Brands bubbles to top of competitive cannabis beverage sector
Colorado-based Keef Brands has more than 70 SKUs – including gummies, oils and vapes – but carbonated sodas account for about 80% of the company’s sales.
New York cannabis brand Jaunty aims to close gap between vapes and flower
The executives behind New York cannabis infused products company Jaunty learned the hard way that even the best-laid plans can go awry because of the unexpected.
Alabama medical marijuana agency’s grievance process inadequate, court says
Alabama’s controversial medical marijuana regulatory agency acted “properly” when it revoked cannabis business permits issued in 2023, an appeals court has ruled.
PharmaCann defaulted on several leases, cannabis REIT alleges
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country.
Marijuana MSO Standard Wellness secures $10 million loan
Marijuana multistate operator Standard Wellness Holdings has secured a $10 million credit facility.
