Cannabis MSO Green Thumb Industries announces share-buyback program
Cannabis multistate operator Green Thumb Industries’ board authorized a $50 million share-repurchase program over the next 12 months. The Chicago-based MSO is authorized to repurchase up to 10,573,860 shares. ADVERTISEMENT Under its previous repurchase program,...
Missouri operators comply with new packaging rules amid marijuana recalls
Missouri cannabis brands, manufacturers and retailers are adjusting to plain packaging rules enacted this month, adding to concerns about potential inventory shortages fueled by a statewide product recall. Though licensed operators have had months to meet the latest...
Nebraska medical cannabis qualifies for ballot amid controversy
Initiatives to legalize medical marijuana in Nebraska and set up a regulated MMJ market qualified for the November ballot on Friday, just hours after complications threatening the effort appeared. Nebraska Secretary of State Bob Evnen certified the efforts of...
Michigan sets record with $295.4 million in monthly marijuana sales
Michigan marijuana retailers sold $295,412,252 worth of medical and recreational cannabis in August, setting a monthly record. The previous record was set in March, when total sales hit $288,843,279, according to MJBizDaily’s analysis of the latest data released by...
Massachusetts Cannabis Control Commission gets new acting chair
Massachusetts Treasurer Deborah Goldberg appointed Bruce Stebbins acting chair of the Cannabis Control Commission (CCC) on Thursday. The former chair, Shannon O’Brien, was fired from the position on Monday. ADVERTISEMENT Stebbins, who previously served as commissioner...
How Virginia can fix its regulated marijuana market
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Virginia’s adult-use marijuana market, approved by voters in 2021, was once full of potential. But the program – originally intended to launch...
Cannabis MSO Green Thumb Industries refinances via $150 million credit facility
Cannabis multistate operator Green Thumb Industries closed a $150 million, five-year syndicated credit facility led by Valley National Bank. According to GTI, the oversubscribed, non-brokered offering is the first bank-only financing of its kind in the regulated U.S....
NJ governor signs bill to remove intoxicating hemp from stores
New Jersey Gov. Phil Murphy on Thursday signed a bill to limit the manufacture and sale of hemp products to those already licensed by the New Jersey Cannabis Regulatory Commission. The new law includes a provision that eventually will allow infused beverages to be...
Planet 13 buys Las Vegas cannabis store and assets for $6.9 million
Planet 13 Holdings on Wednesday announced its subsidiary would acquire Exhale Dispensary in Las Vegas and related assets for $6.9 million. The acquisition includes a 3,158-square-foot marijuana retail store in Las Vegas, the associated medical and recreational retail...
California marijuana official fired after blowing whistle on lab fraud, lawsuit says
A former top California marijuana official is claiming in a lawsuit filed this week that she was fired after superiors brushed off concerns about widespread problems, including fraud, at state-licensed cannabis testing labs. Tanisha Bogans, the former deputy director...
Psilocybin among contaminants found in intoxicating Delaware hemp products
Secret shoppers in Delaware were able to purchase illegal – and potentially dangerous – intoxicating hemp products found to contain mold, pesticides and even psilocybin, the psychedelic ingredient found in magic mushrooms. News outlet Our Delaware and the National...Featured
1
Latest Sponsored
