DOJ asks judge to dismiss federal marijuana prohibition challenge
U.S. Department of Justice attorneys asked a federal judge on Tuesday to dismiss a lawsuit filed by four marijuana companies challenging federal prohibition. However, while doing so, the DOJ appeared to support both the ongoing federal marijuana rescheduling process...
Marijuana MSOs focusing on wholesale growth in 2024
Retail license caps in some states and limited capital are forcing marijuana multistate operators to focus on wholesale cannabis sales growth in 2024. “It certainly was a focus in ’23, and I think will become even more of a focus in ’24,” said Jamie Mendola, chief...
Canadian cannabis license approvals at multiyear low amid market turbulence
Canada’s ultra-competitive legal marijuana industry is drawing fewer new entrants than ever as existing businesses continue to exit. New federal licenses have dropped to a record low, while the number of revoked or expired licenses doubled over the course of one...
Record December pushes Missouri marijuana sales past $1.3 billion for 2023
Missouri legal retailers reported selling more than $1.3 billion worth of medical and adult-use marijuana last year. Missouri Department of Health and Senior Services data shows that adult-use marijuana sales reached approximately $1.04 billion in 2023. ADVERTISEMENT...
Cannabis and the capital markets: Q&A with Canadian Securities Exchange CEO Richard Carleton
The Canadian Securities Exchange (CSE) was founded in 2003 as an alternative to the much older Toronto Stock Exchange. Twenty years later, the CSE lists more than 800 securities, predominantly mining companies, including more than 100 listings for the securities of...
Florida will vote on adult-use marijuana legalization, DeSantis says
Florida voters will likely see marijuana legalization on their presidential election ballots this fall, Gov. Ron DeSantis suggested. The Florida Supreme Court is currently weighing a constitutional challenge brought by the DeSantis administration against a campaign to...
Germany to legalize marijuana by April, top official says
Germany’s health minister believes marijuana legalization will become a reality in the country this spring. Health Minister Karl Lauterbach has set a target for the Bundestag, the national parliament, to approve the nation’s long-awaited cannabis law in...
New restrictions in adult-use cannabis markets ‘not conducive to business’
The transition from a medical marijuana market to adult-use retail presents new business opportunities, an exponentially wider customer base and, generally, a significant growth driver for licensed cannabis companies. Yet, in some of the nation’s newest recreational...
Connecticut marijuana investment recipient isn’t licensed by state
A venture capital firm owned by the state of Connecticut might see its first investment in the marijuana sector go poof. In May 2022, Connecticut Innovations, a quasi-public investment vehicle, invested $1.25 million in marijuana edibles company 1906. ADVERTISEMENT...
Minnesota needs to issue more than 375 adult-use cannabis licenses, study says
As they work to streamline the adult-use cannabis licensing approval process, Minnesota regulators indicated that the state’s developing recreational market will require more than 375 licensed stores. Under a legalization bill signed into law in May by Gov. Tim Walz,...
Adult-use marijuana legalization bids reintroduced in Virginia, West Virginia
Virginia lawmakers this week resumed their quest to legalize adult-use marijuana retail operations in their state, the largest to legalize use and possession without also launching sales. Meanwhile, elected representatives in West Virginia reintroduced a recreational...Featured
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