Silver Spike to acquire Chicago Atlantic loan portfolio, expand beyond marijuana
(This story has been updated to clarify that Chicago Atlantic Real Estate Finance is not involved in this transaction.) New York-based Silver Spike Investment Corp. will acquire Chicago Atlantic Loan Portfolio, a Chicago Atlantic spokesperson confirmed. Silver Spike...
Why isn’t Canada’s cannabis market thriving? These experts have some ideas
Five-plus years after Canada legalized adult-use marijuana, the illicit market still is estimated to account for anywhere from one-quarter to more than half of all cannabis sales in the country, according to a new report from business services company Deloitte Canada....
Florida Senate passes bill banning hemp-derived THC products
Florida has taken another step toward banning hemp-derived products containing delta-8 and delta-10 THC in the state after the Senate unanimously passed a bill this week. The bill now goes to the state House of Representatives, according to Tampa Bay TV station WTSP....
New York awards 110 more adult-use marijuana business licenses
New York regulators on Friday awarded 110 new adult-use marijuana business licenses. However, the yearslong struggle to launch what was promised to be a multibillion-dollar market is poised to continue. ADVERTISEMENT The state Cannabis Control Board on Friday voted to...
First cannabis consumption lounge licensed in Nevada after final OK
The first license for a cannabis consumption lounge in Nevada has been issued to a business in Las Vegas. The long-awaited approval from the Nevada Cannabis Compliance Board (CCB) went to Smoke and Mirrors, Las Vegas TV station KTNV reported. ADVERTISEMENT The...
Wisconsin GOP medical marijuana legalization bill dead for now
A limited medical marijuana legalization bill put forward by Republican lawmakers in Wisconsin has reached the end of the line, and it won’t move forward during this legislative session. Wisconsin Assembly Speaker Robin Vos said Thursday that the bill will not...
British Columbia allows promotion of outdoor cannabis consumption areas
British Columbia is allowing certain license holders to promote outdoor cannabis consumption areas in a bid to improve hospitality and tourism business opportunities for the industry. Additionally, the province announced this week that smoking and vaping recreational...
Go-to-market strategy for psychedelics diverges from marijuana’s blueprint
The nascent psychedelics industry is taking a different path to market than the marijuana sector, despite their shared medicinal roots. While most states moved to regulate commercial medical marijuana programs without an extensive library of research, psychedelics...
Delaware’s adult-use cannabis sales launch delayed until 2025
Delaware’s launch of adult-use cannabis sales has been pushed back to 2025. That’s because retail and lab-testing licenses won’t be awarded until March 2025, Delaware Public Media reported. ADVERTISEMENT The state’s timeline initially indicated...
Ohio issues draft rules for adult-use marijuana business applications
Ohio regulators have issued proposed rules for medical marijuana businesses and provisional license holders to convert to dual-use licenses to serve both the medical and adult-use markets. The draft rules released by the state’s Division of Cannabis Control (DCC)...
Ukraine’s Zelenskyy signs medical cannabis bill into law
Ukraine President Volodymyr Zelenskyy has signed the country’s medical cannabis legislation into law, setting the legal stage for the creation of Europe’s newest medical market. The development was first reported on the Ukrainian Association of Medical Cannabis’...Featured
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