by Omar Sacirbey | Aug 14, 2024 | News
TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate....
by Chris Roberts | Aug 14, 2024 | News
Trulieve Cannabis Corp. is the biggest marijuana company in Florida – and, to be clear, it is absolutely a Florida business. That’s what Kim Rivers, CEO of the multistate operator, said in response to Gov. Ron DeSantis inaccurately labeling Trulieve as “some...
by Kate Lavin | Aug 14, 2024 | News
(This story first appeared at reMind, a psychedelics business platform.) Zach Dorsett launched Wonderbags in November 2022, immediately after the passage of Colorado’s Natural Medicine Health Act. After spending the first year perfecting a mycelium substrate that...
by Margaret Jackson | Aug 13, 2024 | News
Canadian marijuana producer SNDL will buy the remaining shares of retailer Nova Cannabis for about 40 million Canadian dollars ($29.1 million). SNDL’s newly acquired shares amount to about 34.8% of Nova’s stock, the Alberta-based companies announced in a Tuesday news...
by Margaret Jackson | Aug 13, 2024 | News
Health Canada updated its June recall of several cannabis oils and softgels in response to “reported adverse reactions.” Some of the recalled products were labeled as containing fewer than 3 milligrams of THC per unit, but testing revealed that product...
by Omar Sacirbey | Aug 13, 2024 | News
The online application window for recreational cannabis business licenses in Delaware will open Aug. 19. The Office of the Marijuana Commissioner will accept applications until Sept. 30, according to the Delaware News Journal. ADVERTISEMENT Applicants that meet...
by Chris Roberts | Aug 13, 2024 | News
For the third time in six years, North Dakota voters will consider whether to legalize adult-use marijuana. State elections officials on Monday approved the recreational cannabis legalization measure to appear on the in November ballot, the Associated Press reported....
by Margaret Jackson | Aug 13, 2024 | News
Cannabis multistate operators Curio Wellness and Ascend Wellness Holdings each are entering new states through a strategic manufacturing and distribution partnership. Under terms of the deal announced Monday: New York-based Ascend will manufacture and distribute...
by Chris Casacchia | Aug 13, 2024 | News
Colorado’s largest marijuana cultivator filed a lawsuit against Bonanza Cannabis Co., claiming the licensed operator knowingly infused products with hemp-derived THC, manufactured gummies and vapes using harmful chemicals and sold them to consumers. According to court...
by Omar Sacirbey | Aug 12, 2024 | News
Employees of The Apothecarium Dispensary in Cumberland, Maryland, voted 25-0 to form a union with United Food and Commercial Workers (UFCW) Local 27. The Apothecarium’s retail workers unionized “to address longstanding issues, including poor wages, unaffordable...
by Chris Roberts | Aug 12, 2024 | News
New York regulators hope to finish reviewing adult-use marijuana business license applications filed in late 2023 “by the end of the year.” The state Office of Cannabis Management (OCM) received “nearly 7,000 applications” for recreational cannabis...
by Chris Roberts | Aug 12, 2024 | News
Encouraged by the first tangible steps toward federal marijuana reform in a generation – and threatened by hemp-derived competitors – MJ companies are spending more than ever to win friends and influence lawmakers in Congress, an analysis of federal...