by Solomon Israel | Nov 22, 2023 | News
Multistate marijuana operator MariMed mistakenly transferred hundreds of thousands of dollars to a “fraudulent recipient” after receiving a “forged email,” according to the company’s latest quarterly filing with U.S. securities...
by Chris Roberts | Nov 21, 2023 | News
The mother of a Trulieve Cannabis Corp. cultivation employee who died in January 2022 after collapsing at work filed a wrongful death lawsuit against the company, according to court records. Lorna McMurrey, 27, died Jan. 7, 2022, after experiencing breathing problems...
by Kate Robertson | Nov 21, 2023 | News
Alabama’s medical marijuana program might soon be back on track after regulators and rejected license applicants reportedly reached a settlement over issues that led to lawsuits against the state. Details of the settlement, reached during “a day of...
by Kate Robertson | Nov 21, 2023 | News
After years of rapid expansion – and, more recently, swift exits – some of the nation’s largest cannabis multistate operators have continued to streamline operations this year, according to MJBizDaily’s latest update on the operations of several of...
by Kate Robertson | Nov 20, 2023 | News
Marijuana sales in Missouri totaled $113.1 million in October – the lowest number since the market launched in February and the third month in a row that sales have declined. Missouri consumers bought $95.5 million in adult-use products through October and $17.6...
by Matt Lamers | Nov 20, 2023 | News
Canadian marijuana producer SNDL and retailer Nova Cannabis have mutually agreed to terminate the agreement they announced late last year to implement a strategic partnership. However, the Alberta-based companies said in a news release that they’re committed to their...
by Chris Casacchia | Nov 20, 2023 | News
New York regulators delayed discussions to settle two marijuana licensing lawsuits, adding more uncertainty for social equity applicants in the state. The New York Cannabis Control Board (CCB) was set to discuss potential resolutions at its meeting Friday but instead...
by Matt Lamers | Nov 20, 2023 | News
Canadian cannabis producer Canopy Growth said an Ontario court has greenlit the sale of its BioSteel Canada subsidiary and U.S. affiliate, BioSteel Manufacturing, in two separate deals. BioSteel Canada, which makes sports nutrition beverages, obtained an initial order...
by Chris Roberts | Nov 20, 2023 | News
State and federal medical investigators identified work-related “occupational asthma” as the cause of the January 2022 death of a marijuana cultivation worker in Massachusetts. The death – the first of its kind on record in the U.S. cannabis industry –...
by Solomon Israel | Nov 20, 2023 | News
Cannabis multistate operator MariMed secured a new 10-year loan worth $58.7 million, most of which will be used to refinance existing debt at an unspecified lower interest rate. MariMed CEO Jon Levine said the refinancing “will generate significant cash...
by Kate Lavin | Nov 20, 2023 | News
Illicit marijuana operations are booming across the country and have been undercutting regulated companies awaiting banking and tax reform. The unregulated cannabis market in the United States is estimated to be worth roughly $60 billion, with the state-regulated...
by Chris Casacchia | Nov 17, 2023 | News
Missouri regulators revoked the manufacturing license of Delta Extraction, which made infused THC goods that led to the recent recall of more than 60,000 products and millions of dollars in lost sales and inventory for retailers and brands. The Missouri Division of...