Maine rolling out new marijuana retail, packaging regulations
Maine is ushering in new marijuana regulations that will make shopping at cannabis retailers more akin to liquor stores. The new law, sponsored by state Sen. Craig Hickman, will change the cannabis retail experience and storage protocols, a potential win for...
Institutional investor puts $50 million into cannabis operator Canopy Growth
Cannabis producer Canopy Growth raised gross proceeds of roughly $50 million (68 million Canadian dollars) through an exchange and subscription agreement with an institutional investor. Canopy said in a Friday news release that it intends to use the net proceeds for...
Teamsters unionize another Cresco marijuana store in Illinois
Teamsters Local 777 has unionized employees at another Sunnyside marijuana store in Illinois. Workers at Sunnyside’s River North location in Chicago voted overwhelmingly to join the International Brotherhood of Teamsters, according to a news release from the...
Arkansas revokes medical cannabis dispensary license for first time
The Arkansas Alcoholic Beverage Control Division has revoked a medical cannabis dispensary license for the first time. The business, Green Springs Medical Marijuana Dispensary in Hot Springs, allegedly sold more than 1,800 expired products, the agency said in a news...
Opinion: Marijuana industry optimism fueled by operational upgrades
With recent reports that the U.S. Drug Enforcement Administration intends to reschedule marijuana, operators feel tremendous anticipation for significant, near-term cannabis industry reforms. Whether it is rescheduling, the adult-use ballot initiative in Florida,...
Cannabis retailer High Tide appoints new CFO
Canadian adult-use cannabis retailer High Tide has appointed Mayank Mahajan as the company’s new chief financial officer. Mahajan takes over for former CFO Rahim Kanji, who departed the Alberta company in February. ADVERTISEMENT Mahajan previously worked at...
New lawsuit filed over New York marijuana business licensing
An applicant in upstate New York seeking a marijuana cultivation and processor license is suing regulators in the latest legal challenge to alleged “priority” status in the state. Tree Hill Innovations, operated by Marguerite ikol of Saugerties, filed a...
Connecticut advances bill to restrict hemp products
Connecticut’s House of Representatives voted in favor of a bill that would restrict and regulate hemp products in the state. House Bill 5150 passed by a 130-16 vote and will now go to the state Senate, according to CT News Junkie. ADVERTISEMENT If approved, the...
US cannabis business licenses down 6% in first quarter of 2024
The number of active U.S. cannabis business licenses continued to shrink in early 2024, according to CRB Monitor, a marijuana intelligence firm that tracks and monitors licenses in the regulated industry. Total active licenses – including those in regulated...
Farm Bill framework seeks to define hemp, doesn’t mention delta-8 THC
Democratic leaders on the U.S. Senate Agricultural Committee seek to define industrial hemp in the upcoming U.S. Farm Bill, according to a framework the group unveiled Wednesday. The framework stops short of attempting to put the genie back in the bottle for...
Florida Gov. DeSantis plans to help fight recreational marijuana ballot measure
Florida Gov. Ron DeSantis indicated he will take a pronounced role in helping to defeat the state’s November ballot measure to legalize recreational marijuana. “We’ll be getting involved in different ways on those initiatives,” he said Tuesday, referring to the...Featured
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