Surrey, British Columbia, moves to allow legal cannabis retail
Surrey, the second-biggest city in the Canadian province of British Columbia, will allow legal cannabis stores after unanimous Council approval. The city’s new cannabis retail framework OK’d on Monday will permit two stores for each of Surrey’s six...
Texas at center of hemp-derived cannabinoid market
(This story is part of the cover package in the March-April issue of MJBizMagazine.) The future of federal regulation for hemp-derived cannabinoids is hard to predict – but industry stakeholders might find a crystal ball in the form of Texas. So far, Texas...
NC district attorney vows to enforce law when tribal cannabis dispensary opens
A potential showdown between law enforcement and a Native American tribe is brewing in North Carolina, where a district attorney has vowed “to enforce state law” once the state’s first medical cannabis dispensary opens later this month. The grand opening of the Great...
MariMed closes $5.3 million deal for shuttered Maryland marijuana store
Massachusetts-based marijuana multistate operator MariMed on Tuesday announced it had closed a $5.3 million acquisition of Community Wellness and Compassionate Care Center in Maryland. The cash, debt and stock transaction finalized April 5, giving the MSO a second...
Cannabis operator Tilray lowers 2024 expectations, eyes Canada tax savings
Canadian cannabis and beverage alcohol company Tilray Brands has lowered its financial guidance, reducing expectations for investors in its third-quarter earnings announcement. Tilray’s previous guidance for fiscal year 2024 of $68 million-$78 million in...
Sun Theory marijuana operator acquires Terrapin’s Colorado stores
(This story has been updated with details about the new ownership of a cultivation and retail outlet in Aurora, Colorado.) Sun Theory Holding Co., a Denver-based vertically integrated marijuana operator, acquired five of Terrapin Care Station’s retail locations...
Ontario regulator fines Cannabis Xpress, alleges pay-to-play
Ontario’s cannabis retail regulator, the Alcohol and Gaming Commission of Ontario (AGCO), fined Cannabis Xpress 200,000 Canadian dollars ($147,000) for allegedly violating the province’s anti-inducement law for cannabis retailers. The penalty marks the...
Marijuana multistate operators continue to flee regulated state markets
Publicly traded marijuana multistate operators exited regulated cannabis markets through late 2023, continuing a pattern fueled by increased capital costs, high taxes and the slow pace of federal reform. New York-based The Cannabist Co., for example, recently exited...
Decibel Cannabis’ former CEO Sze takes helm again
Canadian marijuana grower and manufacturer Decibel Cannabis Co. has appointed Benjamin Sze as CEO once again. “Mr. Sze’s transition into the role is expected to be very familiar for both him and the company as Mr. Sze previously served as the CEO of...
California issues tips to improve local marijuana business licensing
A California auditor has released several recommendations for better marijuana business licensing processes and policies by local municipalities. The analysis, conducted by California State Auditor Grant Parks, assessed cannabis permitting processes in Monterey and...
Most smokable hemp has more THC than is legal, study says
An analysis of smokable hemp products found that 93% of tested samples contain more than 0.3% THC, which is the federal legal limit as outlined in the 2018 U.S. Farm Bill. Researchers at the National Institutes of Standards and Technology in Gaithersburg, Maryland,...Featured
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