DEA likely to OK marijuana rescheduling, but election and lawsuits could get in the way
(This story is part of the cover package in the November-December issue of MJBizMagazine.) From zealous drug warrior to out-of-touch elder statesman to the regulated marijuana industry’s savior apparent. President Joe Biden’s long arc in public life might have more...
Constellation walks from remaining warrants of cannabis firm Canopy
(This story was updated to clarify that Constellation also said in 2022 it has no further plans that relate to Canopy Growth.) Alcohol giant Constellation Brands said all its warrants have expired to purchase common shares of Canadian cannabis producer Canopy Growth...
Florida medical marijuana retailer fights ‘exponential’ licensing fee increase
A medical marijuana company in Florida is challenging a $1.3 million biennial renewal fee approved by regulators last December and backed by Republican Gov. Ron DeSantis. Sanctuary Cannabis, which operates five MMJ dispensaries in the state, argued the fee hike was...
Portugal exported 5,438 kilograms of cannabis in first half of 2023
Portugal exported 5,438 kilograms (roughly 12,000 pounds) of medical cannabis in the first half of this year, according to the latest figures published by the country’s health authority, Infarmed. That puts the Portuguese medical cannabis industry on pace to surpass...
Cookies says L.A. marijuana store will close amid landlord spat
Prominent brand Cookies’ retail marijuana store in Los Angeles plans to close Nov. 7, co-founder and cannabis entrepreneur Berner has announced on social media. The closure would be at least the second to affect a Cookies-branded outlet in 2023. ADVERTISEMENT A...
Tobacco giant ups stake in cannabis firm Organigram with CA$124.6M investment
British American Tobacco is once again increasing its investment in Canadian cannabis producer Organigram Holdings, this time deepening their partnership through an injection of 124.6 million Canadian dollars ($92.5 million). The latest move comes after British...
Ohio adult-use marijuana legalization could spawn $4 billion market, but lawmakers a wild card
Ohio is poised to become the cannabis industry’s next big thing if voters there, as expected, approve an adult-use marijuana legalization measure on Tuesday. Legal cannabis in Ohio – with nearly 12 million people, it’s the country’s...
Cannabis MSO Ascend Wellness settles lawsuit with fired Black former manager
A Black former manager at Ascend Wellness Holdings who sued the New York-based multistate operator alleging he was mistreated and fired because of his race recently settled his case out of court, documents show. Tyrick Gales, a Pennsylvania resident who worked at...
Oklahoma extends medical marijuana licensing ban 2 years, hikes enforcement
Wide-ranging legislation that took effect in Oklahoma this week included a two-year extension of the state’s moratorium on issuing licenses to new medical marijuana businesses. House Bill 2095, which was signed into law in May by Republican Gov. Kevin Stitt,...
Hemp-derived cannabinoids aren’t controlled substances, GA court says
Hemp-derived cannabinoids such as delta-8 and delta-10 THC could be legal to sell in Georgia after the state’s Court of Appeals ruled such products aren’t controlled substances. The decision follows a Georgia crackdown on hemp-derived THC products that...
Marijuana MSO MedMen delays filing 2023 financials
Marijuana multistate operator MedMen Enterprises says it will be late to file its annual financial report for its 2023 fiscal year ended July 1. The Los Angeles-based company said in a late Thursday news release that it needs more time “to compile and analyze...Featured
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