Cookies to acquire ‘related’ cannabis assets in Florida
Marijuana brand Cookies plans to acquire “all operational cannabis assets related to the production and sale of Cookies-branded cannabis products” in Florida from TRP Co. and affiliated companies. The high-profile marijuana brand did not provide a value...
Missouri social equity marijuana applicants appeal license revocations
Two social equity marijuana applicants in Missouri are appealing regulators’ decision to revoke their business licenses because of their connection to a Michigan company called Canna Zoned. Regulators said the licenses of Frankenstein Enemy in Columbia and...
US, Canadian cannabis stocks rally after rescheduling report
(This story has been updated to include closing share prices.) Cannabis stocks surged Tuesday afternoon on the news that the U.S. Drug Enforcement Administration (DEA) intends to reclassify marijuana to Schedule 3 of the Controlled Substances Act. The AdvisorShares...
DEA signs off on marijuana rescheduling, report says, but process not done yet
(This story was updated at 7:08 p.m. ET with more details and comments.) Tuesday’s revelation that the U.S. Drug Enforcement Administration will loosen federal restrictions on marijuana has major implications for the American cannabis industry. However, the DEA’s...
Cannabis retailer Schwazze settles $525,000 budtender wage-theft claim
A Denver-based cannabis multistate operator has settled a lawsuit in New Mexico with budtenders who claimed wage theft and is facing a similar case in its home state of Colorado. Medicine Man Technologies, which operates as Schwazze, agreed to pay $525,000 to Justin...
Arkansas medical marijuana sales worth $22.7 million in March
Registered medical marijuana patients in Arkansas spent $22.7 million to buy 6,069 pounds of cannabis in March, according to the latest data from the state Department of Finance and Administration (DFA). February sales included 5,612 pounds of cannabis worth $22.1...
MedMen receiver sets date to meet with creditors after cannabis MSO’s bankruptcy filing
Creditors of cannabis operator MedMen Enterprises will meet in a few weeks as investors seek repayment for hundreds of millions of dollars in outstanding debt. The cash-strapped company entered bankruptcy proceedings in Canada on Friday and placed its California...
Kansas Senate quashes effort to force debate on medical marijuana bill
The latest effort to legalize medical marijuana in Kansas has been halted by the Republican-controlled state Senate. A motion that would transfer Senate Bill 135 from the Senate Federal and State Affairs Committee to the Senate had only 12 votes on Friday, well short...
Auditor KPMG dumping cannabis clients over ‘elevated risk’
KPMG in Canada has decided to cease providing financial-statement audit services to businesses in the cannabis industry, marking an incredible turnaround for a company that had raked in millions from the burgeoning sector. The accounting firm confirmed the move in a...
North Dakota recreational marijuana ballot attempt gets green light
A North Dakota group can move forward with an attempt to put recreational marijuana on the state ballot in November after the campaign received approval from the secretary of state. The campaign, New Economic Frontier, must gather 15,582 valid signatures by July 8 to...
‘They’re taking all of our cannabis,’ New Mexico gov says of Homeland Security
New Mexico Gov. Michelle Lujan Grisham says she was expressing her “frustration with federal interference” in her state’s regulated cannabis industry when she criticized the head of the U.S. Department of Homeland Security in audio leaked last week. “They’re saying...Featured
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