Maryland licenses 174 adult-use marijuana social equity operators
Maryland regulators have awarded 174 adult-use marijuana social equity licenses. A total of 1,515 eligible social equity applicants were entered into a lottery conducted March 14 for one of six license types, according to the Maryland Cannabis Administration (MCA)....
Canadian producer Heritage Cannabis granted creditor protection
Heritage Cannabis is the latest Canadian marijuana producer to obtain an order for creditor protection as a wave of insolvencies continues to sweep across the nation’s adult-use market. Heritage sought and obtained the order for creditor protection from the...
Maine to relax labeling rules for some marijuana edibles
The Maine Senate has approved legislation that could make it easier for manufacturers to label certain types of marijuana edibles, including gummies. The bill, Legislative Document 2147, maintains the general rule requiring Maine’s universal THC warning symbol...
Hemp-derived THC producers wary of how US Farm Bill could change market
(This story is part of the cover package in the March-April issue of MJBizMagazine.) Hemp drinks are big business in the United States and poised to grow even bigger. Mary Bernuth wants in, and she’s not alone. ADVERTISEMENT Thanks to the 2018 U.S. Farm Bill,...
Canadian marijuana operator Indiva weighs options, including potential sale
Canada’s leading producer of marijuana edibles, Indiva Limited, has hired a financial adviser to help the company evaluate an array of strategic options. The London, Ontario-based company announced Tuesday that it hired SSC Advisors to help weigh potential...
Canopy Growth alum McCarthy takes helm of Cannabis Council of Canada
Cannabis industry veteran Paul McCarthy has been appointed president of the Cannabis Council of Canada, the country’s largest industry-supported lobby group. McCarthy brings a “profound understanding of government workings and policy” to the organization,...
Georgia hemp bill imposing age limits on CBD, delta-8 THC goes to governor
Georgia is set to prohibit sales of hemp-derived cannabinoid products to anyone younger than 21, including goods containing CBD as well as intoxicating, synthetically derived cannabinoids such as delta-8 THC and delta-9 THC. The new age restrictions for consumers...
CEO of Aussie cannabis firm Cann Group resigns amid ‘new strategic direction’
The chief executive of one of Australia’s top cannabis producers has resigned. Cann Group Limited CEO Peter Koetsier cited “family reasons” for his resignation, the Melbourne, Australia-based company announced in late March. ADVERTISEMENT Meanwhile, Cann...
California marijuana delivery firm Smoakland acquires manufacturer
(This story has been updated to clarify that the Fuzzies brand is not part of the acquisition.) Marijuana delivery company Smoakland is acquiring Sublime, a fellow California operator that manufactures pre-rolls, vaporizers, extracts and edibles. The acquisition...
Cannabis operator Goodness Growth selling Vireo Health of New York
Cannabis multistate operator Goodness Growth Holdings is selling its subsidiary Vireo Health of New York (VireoNY) to Ace Venture Enterprises for $3 million-$5 million as the company works to amend a credit agreement with its secured lender. Minneapolis-based Goodness...
Florida adult-use marijuana legalization will appear on ballot, court rules
(This story was updated at 6:52 p.m. ET Monday. It has since been updated to reflect that Verano has 74 Müv dispensaries in Florida.) Florida is poised to become the next state to legalize adult-use marijuana. The state’s Supreme Court ruled Monday that an...Featured
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