Marijuana MSO TerrAscend completes $79 million in debt financing
Marijuana multistate operator TerrAscend Corp. has completed $79 million in debt financing as it exits the Michigan market.
Cookies owes $8.4 million to partner on San Francisco cannabis store
Prominent cannabis brand Cookies is on the hook to pay its former partner on a failed San Francisco marijuana store $8.4 million, according to court records.
Ohio adult-use marijuana sales top $600 million, doubling MMJ revenue
Ohio adult-use marijuana stores have racked up $600 million in sales since the market launched in Aug. 2024, recent data shows.
3 states increase cannabis levies as ideal tax rate remains elusive
Three states are raising cannabis taxes this year in response to budget deficits, with more predicted shortfalls looming in 2026 as consumer spending stalls and President Donald Trump’s signature spending bill hammers state and local government balance sheets.
THC potency inflated in most Colorado marijuana flower, study shows
Most marijuana products in Colorado are mislabeled, with actual THC potency “significantly lower” than the verified lab results, according to the largest study yet of cannabis labeling.
Auxly Cannabis reaches ‘turning point’ with closing of 2 transactions
Auxly Cannabis Group has closed on two transactions intended to reduce the Canadian operator’s debt and strengthen its financial position.
District of Columbia medical marijuana sales soar, but many dispensaries are struggling
While overall medical marijuana sales in Washington, D.C., have nearly doubled since January, dispensaries that converted from “gifting” shops are facing significant struggles.
Massachusetts cannabis testing lab sues state to recover suspended license
A Massachusetts cannabis testing laboratory that lost its license after allegedly failing to report contaminated product is going to the courts to recover its permit.
Kentucky medical marijuana companies sue, alleging program is unconstitutional
A group of medical marijuana companies in Kentucky have filed a lawsuit claiming the rollout of the state’s MMJ program is unconstitutional.
From strain to sauce: 7 ways cannabis is igniting the culinary world
As legalization spreads and culinary creativity blossoms, chefs, home cooks and food enthusiasts are discovering the potential of marijuana as a sophisticated ingredient.
Hawaii’s medical marijuana industry set to expand after governor’s about-face
Hawaii’s sagging medical marijuana market is set to expand after the governor signed a bill into law that allows for more qualified patients and for dispensaries to sell more products.
Massachusetts on track to set cannabis consumption lounge regulations this fall
Massachusetts could have regulations for cannabis social consumption lounges in place by October.
Despite New Jersey’s wealth and dense population, marijuana market not reaching potential
Nearly five years after New Jersey voters signaled their desire for a robust marijuana marketplace, the state’s cannabis ecosystem remains underdeveloped and underperforming.
Colorado permanently bans hemp-derived THC operator
Colorado has permanently banned the former operator of a company that allegedly sold potent cannabis products as federally compliant hemp.
New York consulting firm to evaluate Missouri’s marijuana market
Missouri regulators have awarded New York-based Cannabis Public Policy Consulting a $238,700 contract to study the state’s marijuana market.
Massachusetts revokes first cannabis testing laboratory license
In a first for the Massachusetts cannabis market, state regulators have suspended the business license for a commercial testing laboratory.
Marijuana MSO TerrAscend is planning to exit Michigan market
Marijuana multistate operator TerrAscend Corp. is pulling out of the Michigan market after completing a review of its business operations in the state.
Delaware to launch recreational cannabis sales on Aug. 1
Delaware will launch recreational cannabis sales on Aug. 1, state officials announced Tuesday, making the state the 22nd market with regulated adult use.
Are THC potency caps a move toward marijuana prohibition? Debate is brewing
With many consumers demanding high-potency cannabis, a debate is swirling over whether states where marijuana is regulated should implement caps on THC content in flower, concentrates and edibles.
New York regulators expand cannabis recall after alleged ‘inversion’
New York regulators have expanded a cannabis product recall after alleging that the operator in question illegally “inverted” marijuana into the regulated system.
2 board members, including Kris Krane, resign from marijuana operator 4Front
Two board members of 4Front Ventures Corp. have resigned as the marijuana company wrestles with receivership and bankruptcy proceedings.
Independent cannabis operators versus MSOs? Consumers don’t walk the talk
As cannabis businesses strive to establish brand loyalty, they’re learning that consumer purchasing habits don’t always align with stated preferences.
Maine hikes adult-use marijuana tax 40%; consumption lounge bill stalls
Maine’s adult-use marijuana tax will increase from 10% to 14% starting Jan. 1 under the $11.3 billion state budget Gov. Janet Mills signed into law this week.
Judge tosses lawsuit against Nebraska’s medical cannabis program
A Nebraska judge has dismissed a lawsuit alleging the state’s medical cannabis program is unconstitutional because marijuana remains federally illegal.
Principals of cannabis ad platform Weedmaps back out of stock purchase
WM Technology co-founders Douglas Francis and Justin Hartfield are backing out of a deal to purchase the company’s outstanding common stock.
Marijuana banking will follow major budget bill, Congress promises
Instead of marijuana rescheduling, the likeliest federal policy reform in 2025 will be marijuana banking protections. But Congress needs to pass the Big Beautiful Bill first.
California lawmakers fail to include cannabis tax relief in budget bill
Faint hopes for California cannabis industry excise tax relief evaporated Wednesday when lawmakers failed to squeeze a freeze on the levy into a state budget bill.
Ohio lawmakers unlikely to change recreational marijuana law before break
It appears unlikely that Ohio lawmakers will make changes to the state’s recreational marijuana law before their summer break.
Arkansas can enforce hemp-derived THC ban, appeals court rules
Most hemp-derived THC products in Arkansas are illegal and state officials may enforce a 2023 ban, according to a ruling from the U.S. 8th Circuit Court of Appeals.
Texas delivers potential major milestone for hemp and medical marijuana
Texas’ changes in hemp and medical marijuana policy lay the foundation for significant advances for both industries – in business and politics.
House Republicans’ hemp-derived THC ban approved in committee
A Republican budget proposal in the U.S. House of Representatives that would ban hemp-derived THC under federal law passed a committee vote but is still far from becoming law.
Arkansas nears annual medical marijuana sales mark with $121M-plus through May
With Arkansas’ medical marijuana sales exceeding $121 million through May, the state is on track to break its annual record set in 2023.
Mature cannabis markets see job losses while emerging states boom
Despite a 4.5% increase in revenue that reached $30.1 billion in 2024, the regulated marijuana industry experienced a 3.4% decline in employment, shedding 15,000 jobs to settle at 425,000 workers.
Jones Soda sells marijuana beverage business for $3 million
Jones Soda Co. sold its marijuana beverage business to MJ Reg Disrupters for $3 million.
Texas gov saves $5 billion hemp-derived THC industry, expands medical marijuana
The hemp-derived THC industry in Texas is breathing a $5.5 billion sigh of relief after Gov. Greg Abbott vetoed a bill that would have outlawed hemp-derived THC’s biggest individual market.
Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations
Ayr Wellness’s struggles with debt and losses are known, but Connecticut is also proving a tough market for all cannabis operators.
Controversial Ohio adult-use cannabis changes stall amid political dissension
A contentious bill proposing sweeping changes to the adult-use cannabis landscape in Ohio has stalled in the Legislature.
Minnesota issues first recreational marijuana license to a cultivator
Minnesota has issued the state’s first adult-use marijuana license to a microbusiness, Herb Quest, which will start by growing cannabis plants outdoors.
Cannabis companies still standing after reset are ‘well positioned to thrive’
The correction the cannabis industry has experienced over the past five years has reset expectations and valuations to rational levels.
Lab licensing spurs hopes that Alabama’s medical marijuana logjam will end
The licensing of a medical marijuana testing lab in Alabama has spurred hoped there could be progress in the issuance of dispensary permits.
Aurora Cannabis denies reports it acquired another operator
Canadian operator Aurora Cannabis denied reports that it had agreed to acquire New Zealand-based MedLeaf Therapeutics.
Printed and dyed marijuana rolling papers could pose health risks
Printed marijuana rolling papers contain significantly higher concentrations of heavy metals such as copper, chromium and vanadium compared to their unprinted counterparts, a study shows.
‘Communist cannabis’: Maryland hemp operators ask judge to redo regulations
A group of 11 Maryland hemp operators is suing the state in federal court as part of an ongoing quest to overturn a 2023 law that requires them to obtain a marijuana license to sell THC products.
Marijuana brand High Times to return after $3.5 million acquisition
Raw Rolling Papers founder Josh Kesselman and Matt Stang, a former co-owner of High Times, paid $3.5 million to acquire the marijuana-centric counterculture magazine and brand.
Cookies wins $22.7 million from partner; fate of branded cannabis stores unknown
Cookies, one of the most recognizable brands in the cannabis space, is set to collect $22.7 million from a nationwide retail partner that failed to pay agreed-upon royalties and misused the brand’s recognizable intellectual property to raise capital, according to a final arbitration ruling.
California moves to make hemp-derived THC ban permanent
California health officials are moving to make permanent the state’s emergency ban on hemp-derived THC products.
Maine is pushing medical cannabis testing to next year
Maine lawmakers have carried over a bill into 2026 that would have implemented testing and tracking requirements for the state’s medical cannabis industry.
New TheraTrue CEO believes employee loyalty key to marijuana business’ growth
As medical marijuana operator TheraTrue enters its next phase of growth, it’s brought on a new CEO with experience in expanding cannabis businesses.
Cannabis company 4Front Ventures files for bankruptcy in Canada
Phoenix-based cannabis operator 4Front Ventures Corp. has initiated bankruptcy proceedings in Canada under that country’s Bankruptcy and Insolvency Act.
