Cannabis producer Canopy sells skin care unit to Inspirit Capital for CA$15.9M
Cannabis producer Canopy Growth has completed the sale of its This Works skin care and wellness unit to United Kingdom-based Inspirit Capital for 9.3 million pounds (15.9 million Canadian dollars). The sale, announced Monday, is another step in Canopy’s plan to become...
Arizona marijuana sales exceed $1 billion in first nine months of 2023
Marijuana sales in Arizona surpassed the $1 billion mark for 2023 in September, despite some month-over-month sales declines earlier this year. From January to September, total medical cannabis sales were $267 million and adult-use sales were $797 million, according...
Canadian cannabis insolvencies persist in 2023 amid industry woes
(This story has been updated to reflect the status of Red White & Bloom’s acquisition of Aleafia Health.) Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings under one...
Missouri poised to revoke 11 marijuana social equity licenses
Missouri regulators could revoke up to 11 of the 48 marijuana social equity licenses issued earlier this fall after discovering the applicants were ineligible. In October, the state issued 48 microbusiness licenses reserved for “marginalized and...
NY on pace for 37 operating adult-use cannabis stores by year-end, gov says
A flurry of potential December grand openings means New York is on track to have 37 adult-use cannabis stores in operation statewide by the end of the year, Gov. Kathy Hochul said. As many as 12 recreational marijuana retailers across the state could start sales this...
Mississippi marijuana lab sounds alarm on THC, pesticides
A Mississippi marijuana laboratory alleged that cannabis products sold in gasoline stations and convenience stores in the state contain potentially dangerous contaminants and far more delta-9 THC than is legal. Steep Hill Mississippi representatives said it tested...
Massachusetts to ease 2-person rule for cannabis deliveries
Massachusetts regulators voted to permit cannabis transport businesses to send only one employee on deliveries, instead of two, in a move that could cut costs for such operators. By a 3-1 vote, the Massachusetts Cannabis Control Commission (CCC) on Thursday agreed to...
Retiring Blumenauer reflects on his marijuana advocacy, makes bold prediction
Earl Blumenauer was a 25-year-old “child legislator” in the Oregon House of Representatives in 1973, as he recalled it, when he realized there was something wrong about marijuana. Not that he knew this firsthand. ADVERTISEMENT “At that point, I don’t think...
Pennsylvania governor expected to OK medical cannabis expansion
Pennsylvania state lawmakers this week approved a bill that would end what they call a “near-monopoly” in the state’s medical cannabis market currently controlled by major multistate operators. The bill now goes to Gov. Josh Shapiro, according to The (Harrisburg)...
Michigan resident files another lawsuit over marijuana social equity licensing
A Michigan resident who has won marijuana business licenses through litigation has now filed a lawsuit against Washington state regulators. Kenneth Gay, of Peridot Tree WA, is challenging the Washington State Liquor and Cannabis Control Board for rejecting his...
Florida could issue 22 more cannabis licenses in six months, regulator says
Florida’s top marijuana regulator said his agency “would hope” to issue 22 new medical cannabis licenses within the next six months, a move that would nearly double the number of license holders in the state. Christopher Kimball, director of the...Featured
1
Latest Sponsored
