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...
Imperial Brands converts CA$123 million in debt to Auxly Cannabis shares
Imperial Brands has converted more than 123.4 million Canadian dollars ($90.6 million) in total debt to shares of Auxly Cannabis Group, formally giving the British tobacco giant a 19.8% ownership position in the Toronto-based marijuana company. Auxly on Monday...
Fear of crime, violence sidetracks Kansas medical marijuana proposal
The soonest Kansas could legalize a medical marijuana program is now 2025. The Republican-controlled state Senate voted Thursday to punt a restrictive MMJ legalization proposal to next year’s legislative session, Topeka TV station KSNT reported. ADVERTISEMENT Kansas...
Germany’s new law legalizing limited adult-use cannabis market now in force
Germany’s cannabis law took effect Monday, making it the second Group of Seven country to legalize and regulate adult-use cannabis nationally. Canada became the first G7 nation to legalize in 2018. ADVERTISEMENT Germany’s recently approved law legalizes cannabis...
Standard Wellness buys Utah Cannabist medical marijuana dispensary for $6.5M
Multistate operator Standard Wellness Holdings has acquired a medical marijuana dispensary in Springville, Utah, in a deal that yielded $6.5 million for seller The Cannabist Co. The acquired Cannabist store is being operated under Standard Wellness’ retail...
Growing Colombia cannabis exports reach $10.8 million as government extends sell-by dates
Colombia’s medical cannabis exports continued to grow last year, although sales still haven’t reached the level that the country’s operators envisioned. In 2023, the value of medical cannabis exports from Colombia was $10.8 million, according to figures provided...
Planet 13 to open Las Vegas’ second cannabis consumption lounge
The second state-approved cannabis consumption lounge will open in Las Vegas on April 5. Marijuana multistate operator Planet 13 Holdings will have a grand opening in a week for its 3,000-square-foot consumption, food and entertainment space dubbed Dazed! Consumption...
Virginia governor vetoes adult-use marijuana legalization
As was widely expected, Virginia’s Republican governor vetoed a bill that would have finally legalized adult-use marijuana sales in the state. “The proposed legalization of retail marijuana in the Commonwealth endangers Virginians’ health and safety,” Gov. Glenn...
Want to shatter cannabis’ grass ceiling? Here’s how these women did it
To celebrate Women’s History Month, MJBizDaily invited influential women from across the cannabis industry to join a livestream event. Guests included: Laura Fogelman, vice president of communications and public affairs at Pax. Tara Joseph, co-founder and chief...
Missouri revokes 9 out of 48 marijuana social equity licenses
Nine of the 48 marijuana social equity licenses issued by Missouri regulators last fall have been revoked because the applicants were deemed ineligible. Eight of the revoked licenses were issued to out-of-state operators and one to a wholesale facility, nonprofit news...
Cannabis operator Glass House posts record revenue of $160.8 million in 2023
California cannabis producer and retailer Glass House Brands reported fourth-quarter improvements in gross profits and margins for the fourth quarter of 2023, leading to record revenue of $160.8 million for the full year. Revenue in the fourth quarter hit $40.4...Featured
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