Oneida Indian Nation opens recreational marijuana sales in New York
The Oneida Indian Nation has launched recreational marijuana sales from its vertically integrated business in Verona, New York. The Verona Collective is selling its own brands of cannabis flower and pre-rolls during the soft opening, according to an Oneida news...
Largest cannabis MSOs lay out modest expansion plans for 2024
Several of the nation’s largest cannabis companies are curtailing retail expansion plans for 2024, a consequence of licensing caps, limited new market opportunities and ongoing capital concerns. Those realities will curb expansion in several states this year as...
70% of medical marijuana products in Mississippi on ‘hold’ for retesting
A large batch of medical marijuana products in Mississippi have been placed on “administrative hold” as regulators continue testing to clear the products for sale. The Mississippi State Department of Health (MSDH) issued the initial hold on Dec. 21 for...
Auxly Cannabis inks tentative deal with lenders on credit facility
Auxly Cannabis Group has signed a nonbinding term sheet to amend the credit facility between a syndicate of lenders and its wholly owned subsidiary, Auxly Leamington. The Canadian cannabis producer said it is working with the lenders on a definitive, binding...
Maine authorities charge 5 in illicit marijuana grow crackdowns
Maine is cracking down on unlicensed marijuana operators, charging five individuals in two separate investigations in the past week. In the most recent instance, Maine State Police on Tuesday responded to a community complaint about two homes in Belgrade, according to...
Village Farms sends first cannabis shipment to growing UK market
(This story has been updated to reflect that the products are now available for purchase in the United Kingdom.) Village Farms International has sent its first shipment of two cannabis brands to the growing United Kingdom market. The Vancouver, British...
Canadian marijuana retailer Trees Corp. enters creditor protection
Insolvent Canadian recreational marijuana retailer Trees Corp. has entered creditor protection, becoming the latest debt-laden cannabis company to keep its creditors at bay while seeking restructuring. Trees announced its initial creditor protection order from an...
Cannabis operators say they have little to show for track-and-trace investments
(This story is part of the cover package in the January -February issue of MJBizMagazine.) With 23 state contracts to provide cannabis track-and-trace software and radio frequency identification (RFID) tags under its belt, Lakeland, Florida-based Metrc has risen to...
Alabama vows 2024 medical marijuana launch despite latest legal obstacle
Alabama regulators ended 2023 with a promise that the first legal sale of medical marijuana will happen sometime in 2024. But MMJ sales in the state cannot begin until dispensary licenses are issued, a process that an Alabama circuit judge temporarily blocked last...
Trulieve Cannabis closes $25 million loan, hires new CFO
Florida-based multistate operator Trulieve Cannabis secured a $25 million loan and hired a new chief financial officer. The commercial loan was secured against a Florida cultivation site, according to digital publication Financial Regulation News. ADVERTISEMENT...
Marijuana fintech company POSaBit to move to TSXV, raises funds to pay debt
Marijuana payment technology company POSaBit Systems Corp. has applied to list its shares on the TSX Venture Exchange, moving away from the Canadian Securities Exchange. CEO Ryan Hamlin described the Bellevue, Washington-headquartered company’s planned move to...Featured
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