Veteran cannabis cultivators express renewed interest in seeds over clones
When Mario Guzman, the creator of cannabis genetics Gelato and Sunset Sherbert, travels to Europe for events, he looks forward to meeting up with longtime friends and exchanging seeds. “All of our global friends come, and we share genetics and talk about what we’re...
Applicants from outside Minnesota seek adult-use marijuana social equity licenses
Almost half the applicants for marijuana social equity licenses in Minnesota don’t live in the state. Of the 1,817 parties who submitted a pre-application to the state Office of Cannabis Management (OCM) before an Aug. 12 deadline, only 802 are Minnesota residents,...
Cannabis company TerrAscend to repurchase $10 million in shares
The board of TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, authorized management to repurchase $10 million of its common shares over the next 12 months. TerrAscend Executive Chair Jason Wild said the buyback program – the...
Ohio marijuana retailers double sales after adult-use market launch
(This story was updated at 11:30 a.m. ET on Aug. 21 to reflect Ohio’s most recent sales figures.) Ohio’s marijuana retailers experienced a threefold increase in revenue in the days after launching adult-use sales, and, two weeks later, sales are still...
AFC Gamma provides credit totaling $18 million to 3 cannabis operators
AFC Gamma, a real estate investment trust (REIT), has set up or expanded credit facilities totaling more than $18 million for three cannabis companies. The West Palm, Florida-based REIT will hold the entire credit facilities for the three cannabis companies, which are...
Approved and pending marijuana licenses rise in US for first time in 2 years
? The number of pending and approved marijuana business licenses in the United States increased 21% during the second quarter of 2024. That’s according to CRB Monitor’s most recent Cannabis Business Licensing Activity report, which notes the change brings the...
Court ruling threatens New York’s illicit cannabis crackdown
A recent court ruling is jeopardizing New York’s crackdown on illicit cannabis sellers that Gov. Kathy Hochul and other officials have credited with rescuing the state’s struggling legal marijuana market. A Queens County Supreme Court judge ruled on Aug. 14 that...
California hemp fight signals long-term struggle with marijuana
The scene at Total Wine & More in Corte Madera, California, reflects a growing trend nationwide. Gummies infused with 100 milligrams of THC are sold in one corner of the store, while cans of Cantrip root beer infused with 10 milligrams of hemp-derived THC are...
David Klein retiring as CEO of Canadian cannabis operator Canopy Growth
The chief executive officer of one of the oldest and biggest cannabis companies in Canada is retiring. David Klein, who joined Canopy Growth Corp. as CEO in January 2020, will retire at the end of the company’s current fiscal year, on March 31, 2025, according to a...
California hemp stakeholders celebrate as restrictions are scuttled – for now
California hemp interests are celebrating after a push by marijuana regulators and the governor to strictly regulate intoxicating hemp-derived cannabinoids under state law failed in the Legislature. Assembly Bill 2223, which posed an “existential threat” to hemp in...
Judge dismisses challenge to Wyoming’s ban on hemp-derived THC products
Wyoming’s ban on the sale of delta-8 and other hemp-derived THC products will remain in place after a federal judge granted the state’s motion to dismiss the case. In July, Judge Kelly Rankin rejected an initial challenge to the restrictions on intoxicating...Featured
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