by Solomon Israel | Apr 29, 2024 | News
Distressed U.S. marijuana operators remain largely unable to access bankruptcy relief, an ongoing challenge in a tough industry where business failures are common. But with federal marijuana rescheduling possible in the near future – and with signs of shifting...
by Chris Casacchia | Apr 26, 2024 | News
A cannabis products manufacturer in Michigan has rebranded its flagship edible after receiving a cease-and-desist letter from Tootsie Roll Industries. In response to a letter sent by the Chicago-based candy corporation, Lions Labs changed the name of its sugar-coated...
by Kate Robertson | Apr 26, 2024 | News
Massachusetts adult-use marijuana retailers sold more than $6 billion in products since the program launched in 2018. Combined with medical marijuana sales, the total number is about $7 billion as of April 17, according to Spectrum News 1. ADVERTISEMENT This past 4/20...
by Solomon Israel | Apr 26, 2024 | News
Hawaii’s governor is proposing that the state open up access to medical cannabis after the failure of an adult-use legalization bill. The island state’s latest attempt to legalize recreational marijuana died earlier this month in the Hawaii House of...
by Chris Roberts | Apr 26, 2024 | News
The U.S. Drug Enforcement Administration has offered federal lawmakers a rare glimpse into the ongoing marijuana rescheduling process. However, an April 16 letter from the agency noting it is “carefully following” protocol while weighing a potentially revolutionary...
by Matt Lamers | Apr 26, 2024 | News
Germany imported a record amount of cannabis for medical and scientific use in 2023, as international businesses looked for sales opportunities in Europe’s largest federally regulated medical marijuana market. In 2023, Germany imported 31,398 kilograms (34.6 tons) of...
by Chris Casacchia | Apr 25, 2024 | News
The newly approved annual state budget in New York greatly expands enforcement actions and resources to curb the proliferation of unlicensed marijuana operators. Gov. Kathy Hochul, who a few months ago called the state’s rollout of recreational cannabis retail a...
by Solomon Israel | Apr 25, 2024 | News
Canada’s federal regulator has issued a recall for a batch of recreational cannabis sold in British Columbia, citing microbial contamination discovered by random government testing. The recalled marijuana was grown by Alberta producer Sirona Pharma, also known...
by Kate Robertson | Apr 25, 2024 | News
Grown Rogue, an Oregon-based craft marijuana cultivator, increased its stake in its Michigan operation, Golden Harvests, from 52.2% to 80% through two transactions. The approximate value of both transactions is $2.8 million, with $200,000 paid in cash and $2.6 million...
by Chris Roberts | Apr 25, 2024 | News
Federal lawmakers are inching closer to a deal on legislation that could include cannabis banking reform, a leading House Democrat says. “Now is the time” for Congress to finally pass the SAFER Banking Act, Rep. Maxine Waters of California, the leading Democrat on the...
by Chris Casacchia | Apr 25, 2024 | News
U.S. marijuana retailers reported brisk business on April 20, the biggest day of the year for cannabis sales, despite setbacks from widespread e-commerce platform outages. Retailers, point-of-sale (POS) and e-commerce operators overwhelmingly experienced significant...
by Matt Lamers | Apr 24, 2024 | News
Canadian cannabis sales in regulated channels inched higher in February 2024 compared to the same month last year, boosted slightly by the extra day for leap year, according to the latest data from Statistics Canada. Consumers purchased 376.2 million Canadian dollars...