by Margaret Jackson | Oct 11, 2024 | News
San Diego-based marijuana operator StateHouse Holdings has entered bankruptcy in Canada after its main lender asked that the company be placed in a receivership. The move comes after Pelorus Fund REIT, a private mortgage real estate investment trust and...
by Margaret Jackson | Oct 11, 2024 | News
The hemp industry scored a significant victory when a New Jersey judge ruled that the state cannot enforce parts of a new law that treat out-of-state hemp products differently. The ruling by U.S. District Judge Zahid Quraishi came two days before an Oct. 12 deadline...
by Kate Lavin | Oct 11, 2024 | News
(MJBizDaily is publishing this guest column ahead of Indigenous Peoples Day on Monday. To be considered as an MJBizDaily guest columnist, please submit your request here.) Native American cannabis businesses are helping to fill a major gap in supply while Minnesota...
by Chris Casacchia | Oct 10, 2024 | News
The federal government seized two homes in Maine it says were used to grow illegal marijuana. The homes in the towns of Corinna and Cornville, according to the Bangor Daily News, were allegedly used for drug trafficking crimes and stemmed from lawsuits filed by the...
by Margaret Jackson | Oct 10, 2024 | News
Medical marijuana company IM Cannabis Corp. is planning a non-brokered private placement offering of up to $1.6 million through the sale of about 625,000 units. The company, which operates in Israel and Germany, said in a news release it plans to use the proceeds from...
by Margaret Jackson | Oct 10, 2024 | News
(This story was updated at 10:35 a.m. Oct. 11 with Bedrocan declining comment.) Medical marijuana producer Bedrocan International is returning to the Canadian market through the purchase of a facility in Scarborough, Ontario. Health Canada recently granted the...
by Margaret Jackson | Oct 9, 2024 | News
Florida cannabis businesses began shutting down this week in anticipation of Hurricane Milton, which was expected to make landfall late Wednesday on the state’s west coast. Milton’s wrath didn’t sway Florida Gov. Ron DeSantis to extend the Oct. 7 deadline to register...
by Margaret Jackson | Oct 9, 2024 | News
Sponsors of Nebraska’s medical marijuana ballot initiatives are disputing the secretary of state’s claims questioning the validity of nearly 100,000 signatures collected for two petitions. In court filings obtained by the Nebraska Examiner, Secretary of State Bob...
by Chris Casacchia | Oct 9, 2024 | News
West Coast Cure, one of the largest California cannabis brands engulfed in a monthslong pesticide scandal, has voluntarily recalled at least 20 products that contain impurities. The products, packaged and manufactured by Shield Management Group or Alkhemist DM, which...
by Kate Lavin | Oct 9, 2024 | News
Last year, Los Angeles-based cannabis brand 40 Tons mailed thousands of postcards – and handed out thousands more – addressed to individuals currently in prison on marijuana-related charges. The postcards were signed by MJBizCon 2023 attendees. The...
by Margaret Jackson | Oct 9, 2024 | News
Cannabis companies that once struggled to find space to conduct cultivation, manufacturing and retail operations are benefiting from a tumultuous commercial real estate market that’s prompting landlords to reconsider leasing to marijuana-related businesses. High...
by Chris Casacchia | Oct 8, 2024 | News
A voter initiative that would significantly expand Arkansas’ medical marijuana program has attracted enough signatures to qualify for the November ballot, according to the state’s top election official. Leslie Bellamy, elections director in the Arkansas...