by Margaret Jackson | Oct 17, 2024 | News
Financial institutions that serve licensed marijuana businesses in Delaware will be protected from state-level prosecution under a bill that the governor recently signed into law. The new law – which Gov. John Carney signed Oct. 9 – protects banks, credit...
by Margaret Jackson | Oct 17, 2024 | News
(This story has been updated to correct the link to the OCS report.) Cannabis sales in Ontario, Canada, surged during the first half of the year, with licensed retailers selling 21% more marijuana by volume than they did during the same period last year. According to...
by Chris Casacchia | Oct 16, 2024 | News
California regulators on Wednesday revoked the business license of K.U.S.H. Collective and issued a consumer advisory for all its products. As part of its enforcement actions, the state Department of Cannabis Control also ordered an “embargo” on nearly 200...
by Chris Roberts | Oct 16, 2024 | News
A significant legal challenge to the ballot measures seeking to legalize medical marijuana in Nebraska won’t be resolved before Election Day, a state judge acknowledged. Two voter initiatives that would legalize medical cannabis in the state and lay the foundation for...
by Margaret Jackson | Oct 16, 2024 | News
New York City has launched a low-interest loan program designed to provide affordable capital to licensed cannabis social equity retailers. A total of $2 million is available in the first phase of the Cannabis NYC Loan Fund, which might have one or more application...
by Andrew Long | Oct 16, 2024 | News
Wyld is well on its way to becoming the top-selling cannabis edibles brand in every state, a goal the Oregon-based company has set as states continue to launch regulated adult-use marijuana markets. Of the 13 adult-use markets analyzed by MJBizDaily, Wyld was the...
by Margaret Jackson | Oct 15, 2024 | News
Total cannabis sales in Connecticut dropped 12% in September, according to recently released data. Recreational and medical marijuana sales declined from $25.6 million in August to $23.4 million in September, according to the state’s Department of Health and...
by Chris Casacchia | Oct 15, 2024 | News
A California judge has temporarily upheld a wide-ranging. statewide ban on nearly all consumer hemp products containing THC. Superior Court Judge Stephen Goorvitch on Friday denied an application filed by the hemp industry to invoke a temporary restraining order (TRO)...
by Chris Roberts | Oct 15, 2024 | News
Vice President Kamala Harris is pledging to legalize adult-use marijuana nationwide if she is elected in November and says she will ensure Black Americans will have “opportunities” to “access wealth and jobs” in a federally legal market. The Democratic presidential...
by Chris Casacchia | Oct 15, 2024 | News
California cannabis microbusinesses and retailers hope a new state law that widely expands their ability to offer food, drinks and live music will drive growth and provide a template for other regulated markets. Marijuana retailer The Artist Tree designed its newest...
by Chris Casacchia | Oct 11, 2024 | News
Massachusetts regulators fined New York-based marijuana multistate operators Ascend Wellness Holdings and Curaleaf Holdings a combined $165,000 for neglecting consumer safety practices. The Massachusetts Cannabis Control Commission (CCC) fined Ascend $85,000 on...
by Kevin Huhn | Oct 11, 2024 | News
Poland is set to significantly increase the import cap on medical cannabis based on continually expanding demand in what is fast becoming one of Europe’s most exciting markets. ADVERTISEMENT According to new documents seen by Business of Cannabis, Poland’s chief...