Arizona sales of unlicensed delta-8 is illegal, state attorney general says
Arizona operators such as gas stations and smoke shops that are selling delta-8 and other hemp-derived THC products without marijuana business licenses are breaking the law, the state’s attorney general says. In a 14-page legal opinion released Monday, Attorney...
Jushi looks to boost efficiency as it awaits new adult-use cannabis markets
Multistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024. During a quarterly earnings call late Wednesday, Jushi CEO Jim Cacioppo cited initiatives to cut waste, improve post-harvest...
Las Vegas marijuana consumption lounges prepare for new era
Exhale. The long-awaited arrival of marijuana consumption lounges in Las Vegas is finally here. Thrive Cannabis Marketplace recently opened the first state-licensed lounge adjacent to its store just off the Las Vegas Strip, and nearly 20 other consumption businesses...
Minnesota cracking down on illegal cannabis sales before adult-use launch
Cannabis retailers in Minnesota selling product before the state officially launches legal adult-use marijuana sales risk getting a $1 million fine and jeopardizing their chances of getting MJ business licenses when they become available later. That was the warning...
Ayr Wellness CEO sees gold in future adult-use marijuana markets
David Goubert, CEO of multistate operator Ayr Wellness, told investors and analysts that the Miami-based company is positioned better than its competitors to capitalize on future adult-use marijuana markets. “With only 15 of Ayr’s 91 retail stores operating in...
Cresco posts $180 million full-year net loss as it looks to new cannabis markets
Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse. The company’s strategy “to do more with less” also means preparing for future...
The Cannabist looks to marijuana wholesale after ‘arduous 2023’
Marijuana multistate operator The Cannabist Co. is trying to improve its wholesale business as it moves on from what CEO David Hart described as “an arduous 2023.” “I have committed to the team that this business will look very different by the end...
Exploring cannabis as medicine: Q&A with researcher Jean Talleyrand
As a botanical drug that remains federally illegal, marijuana faces an uphill battle for acceptance from the U.S. Food and Drug Administration, which has approved very few cannabis-based drugs. Moving marijuana from Schedule 1 to Schedule 3 of the Controlled...
US senators ‘attack’ North Carolina tribe’s soon-to-open marijuana store
A Native American tribe is accusing North Carolina’s two Republican U.S. senators of launching an “inflammatory… frontal attack” on tribal sovereignty after the politicians contacted federal and state law enforcement about the Natives’ impending marijuana...
Canadian, British cannabis companies Aqualitas and Cannaray to merge
Medical cannabis companies from Canada and Britain are joining forces to create a global, vertically integrated business to tap opportunities in Europe and beyond. Nova Scotia medical cannabis cultivator and processor Aqualitas has signed a definitive agreement to...
Marijuana REIT Chicago Atlantic reports 17% interest income increase for 2023
The prospect of federal marijuana reform is growing investment and improving equity for Chicago Atlantic Real Estate Finance’s clients, senior management said Tuesday during the company’s fourth-quarter and full-year earnings call. Net interest income for...Featured
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