Nasdaq extends stay of suspension for marijuana tech firm Agrify
Agrify Corp. says the Nasdaq stock exchange has extended a stay on suspending the marijuana technology company’s listing until after a formal hearing. That stay “will be extended until a hearing before the panel and issuance of a final panel...
One-third of Canada’s cannabis greenhouse capacity taken offline
One after another, many of Canada’s largest cannabis greenhouses and indoor grow operations have been sold or mothballed as the industry continues to search for a supply-demand equilibrium after years of overproduction. The facilities, each costing anywhere from 100...
Southern California marijuana retailer challenges city to greenlight opening
(This story has been updated with a link to the court documents.) A marijuana retailer in Southern California has filed a challenge against the city of Costa Mesa in an effort to gain final approvals to open the business. High Seas claims in the state Superior Court...
Trulieve Cannabis to redeem $130M in senior debt, but details scarce
(This story was updated at 11 a.m. ET on Nov. 9 to include information and comments from Trulieve financials as well as details about a September debt repurchase.) Marijuana multistate operator Trulieve Cannabis Corp. said it will redeem all of its outstanding 9.75%...
Support for US marijuana legalization at an all-time high, Gallup poll shows
Seven in 10 Americans support marijuana legalization, according to a new Gallup poll – an all-time high since the Washington DC-based analytics and advisory company began polling on the topic in 1969. In that first poll, only 12% of respondents supported...
Alaska hemp growers sue over state’s new regulations
A coalition of hemp cultivators in Alaska filed a lawsuit arguing that the state’s new regulations for intoxicating hemp-derived products are unconstitutional. The Alaska Industrial Hemp Association and four companies filed the lawsuit in U.S. District Court in...
Big investors keener on cannabis MSOs as rescheduling looms, survey shows
Institutional investors are increasingly bullish on U.S. cannabis multistate operators, according to a new survey, which suggests marijuana rescheduling by the federal government could convince those big investors to put new money into MSOs. The group’s...
Ohio becomes 24th state to legalize recreational marijuana market
Ohio voters on Tuesday approved legalizing the cultivation and sale of recreational marijuana, paving the way for what is expected to become a multibillion-dollar market in the Midwest. With about 53% of the votes tallied on Tuesday night, supporters of Issue 2 were...
Ogen is latest Canadian cannabis producer to close its doors
Calgary, Alberta-based cannabis producer Ogen has closed its doors, an executive announced, making the company the latest casualty in Canada’s cutthroat marijuana industry. The closure affected 87 of the company’s workers, Ogen President Darren Brisebois said in a...
Missouri marijuana retailer Shangri-La to pay $145K settlement in union dispute
The National Labor Relations Board (NLRB) has approved a settlement in which Missouri marijuana retailer Shangri-La Dispensaries must pay more than $145,000 to resolve 15 charges of unfair labor practices. The charges, which the NLRB said covered “dozens of...
Connecticut to increase adult-use cannabis sales limits
Connecticut regulators are increasing the limit on how much adult-use cannabis that retailers can legally sell per transaction. ADVERTISEMENT The increase, which kicks in Dec. 1, is the result of Department of Consumer Protection reviews of marijuana supply and demand...Featured
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