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’...
South Carolina Senate advances ‘most conservative’ medical marijuana bill
The South Carolina Senate narrowly approved what its sponsor says is the “most conservative” medical marijuana legalization bill in the United States However, even that might not pass a “skeptical” state House, where lawmakers used a parliamentarian trick to kill a...
Quebec cannabis store SQDC posts CA$33 million third-quarter net income
Quebec’s government-owned cannabis retail monopoly reported net income of 33 million Canadian dollars ($24.5 million) for its third quarter. The Société québécoise du cannabis (SQDC) said retail sales of recreational cannabis totaled CA$201.6 million for the...
New York village sues marijuana stores affiliated with Saint Regis Mohawk Tribe
The New York village of Massena alleges in a lawsuit that two marijuana stores affiliated with the Saint Regis Mohawk Tribe are unlicensed by the state and violating local codes and zoning laws. Massena filed suits against Famous A’s and THC Remedies, which village...
Real estate getting easier to access: Q&A with Story Cannabis CEO Jason Vedadi
Before Jason Vedadi’s founded his first marijuana company, he was a real estate developer with experience launching construction and mortgage businesses. Vedadi left his position as chair of Harvest Health & Recreation in 2020 to create Oasis Cannabis, a...
Virginia adult-use marijuana bills face resistance from governor, police
Virginia’s House of Delegates and the Senate advanced two separate bills that would establish regulations and taxes for an adult-use marijuana market in the state, but the governor might not sign off on either. House Bill 698 passed 52-48, and a veto from Gov....
MedMen lays off 25 cannabis workers at suburban Chicago store
MedMen Enterprises initiated more layoffs last week, this time at a cannabis store in suburban Chicago, MJBizDaily has learned. The Los Angeles-based multistate operator on Feb. 6 cut 25 workers at its store at 1142 Lake St. in Oak Park, outside Chicago, a former...
Colorado marijuana company challenging RFID tag requirement
A Colorado marijuana edibles manufacturer has filed a lawsuit against state regulators contesting the cannabis tracking system. Lifestyle Foods, which operates the brands Ripple and Ript, contends the state Marijuana Enforcement Division (MED) mandate for operators to...
Blüm to acquire 3 California cannabis stores for $9.7 million
California marijuana company Blüm Holdings plans to acquire three Sacramento cannabis retail stores from Operators Only Corp. The proposed purchase price is $9.7 million, including “a $1.9 million secured promissory note over 34 to 42 months” and issuance...
Organigram eyes US opportunities, laments ‘THC inflation’ in quarterly loss
Canadian cannabis producer Organigram Holdings is eyeing international investment opportunities with its new war chest of capital, and the company will focus those efforts largely on the U.S. market, CEO Beena Goldenberg says. Organigram reported a net loss of 15.8...Featured
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