Florida bill that bans delta-8, other compounds sent to governor
Florida lawmakers have approved a wide-ranging bill that critics contend could destroy the state’s hemp market. Senate Bill 1698 was approved by the House in a 64-48 vote, according to the Tampa Bay Times, and now heads to Gov. Ron DeSantis to be signed into law....
California outdoor cannabis celebration Emerald Cup postponed until August
The 2024 Emerald Cup, the Northern California sun-grown cannabis celebration now in its 20th year, has been pushed from May until August. “Due to a huge response, the 20th Anniversary of the Emerald Cup is expanding its programming to create the best attendee...
Marijuana MSO MariMed reports revenue growth to $148.6 million, net loss in 2023
Massachusetts-based marijuana multistate operator MariMed reported a record year for revenue growth and a net loss in its full-year and fourth-quarter earnings report. MariMed’s 2023 revenue grew by nearly 11% to $148.6 million, up from $134 million the previous...
Australian cannabis firm Cann Group’s cash crunch raises concerns
The Australian Securities Exchange halted trading of Cann Group Limited’s shares after the company’s auditor flagged concerns over financing and the cannabis producer’s first-half operating loss. Cann Group reported an operating loss of 14.3 million Australian...
Curaleaf grows 2023 revenue to $1.35B, looks to new marijuana markets
Major marijuana multistate operator Curaleaf Holdings posted $345.3 million in net revenue for the fourth quarter of 2023, an increase of 1.5% over the same quarter the year before and 3.6% over the third quarter. New York-based Curaleaf, which is the largest publicly...
More than half of US hemp flower grown in California
California led the nation in hemp flower acreage and production in 2022, according to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture. Alameda County, California, harvested more hemp flower that year...
New medical cannabis trade group launches in Florida
With $2 billion in medical cannabis sales projected this year, Florida is one of the country’s biggest marijuana markets – and that’s true whether or not adult-use legalization appears on the November ballot. But, regardless of legalization, a new...
Hawaii Senate approves adult-use marijuana legalization bill
Hawaii’s Senate on Tuesday overwhelmingly approved a bill to legalize adult-use marijuana retail and cultivation. Senate Bill 3335, according to Honolulu Civic Beat, now goes to Hawaii’s more conservative House, where legalization efforts have been thwarted the past...
Second round for Missouri cannabis microbusiness applications set for April
Missouri regulators will begin accepting the second round of adult-use cannabis microbusiness applications April 15-29. Forty-eight new retail and wholesale microbusiness licenses will be awarded by lottery and announced in July, according to a news release from the...
Marijuana MSO Planet 13 prices public offering to raise $11.3 million
Marijuana multistate operator Planet 13 Holdings has priced a public offering to raise gross proceeds of at least $11.3 million. Las Vegas-based Planet 13 sell 18.75 million units at 60 cents per unit through the underwritten public offering. ADVERTISEMENT Each unit...
Amsterdam denied inclusion in Dutch cannabis experiment
The lower house of Parliament in the Netherlands rejected the addition of Amsterdam to the country’s cannabis cultivation and distribution experiment, meaning the number of cities set to take part when the pilot fully launches this summer will remain at 10. Parliament...Featured
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