by Solomon Israel | Nov 3, 2023 | News
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...
by Chris Casacchia | Nov 3, 2023 | News
The Emerald Cup’s marquee winter event that celebrates small craft cannabis farmers in Northern California and connects them with prospective buyers across the state is being canceled this year, according to sources familiar with the situation. The Harvest Ball...
by Chris Roberts | Nov 2, 2023 | News
A bipartisan but Republican-led effort to legalize marijuana federally was reintroduced in Congress last week, but chances for passage might be slim in the House under new Speaker Mike Johnson. Rep. Nancy Mace, a South Carolina republican, was expected to reintroduce...
by Chris Casacchia | Nov 2, 2023 | News
New York regulators are expanding medical cannabis retail licenses for large multistate operators for the first time since the state launched MMJ sales in January 2016. The application window for “registered organizations” opened Oct. 31 and will run until 5 p.m. Dec....
by Solomon Israel | Nov 2, 2023 | News
Staffers at Homestate Dispensary, a marijuana retailer in Kansas City, Missouri, “have voted overwhelmingly” to join the Teamsters Local 955 union. The group of unionizing workers includes budtenders and inventory clerks, the Teamsters said in a news...
by Kate Robertson | Nov 2, 2023 | News
Sorting Robotics, a Los Angeles-based industrial automation company for the cannabis industry, raised $2 million in debt financing from investment groups Kiso Capital and Prospeq. The funds will be used to boost inventory to meet demand and accelerate sales and market...
by Kate Robertson | Nov 2, 2023 | News
The parent company of a marijuana retailer in Illinois filed a lawsuit alleging that another store is opening too close to one of its existing outlets in Chicago. Under state law, marijuana retailers are not allowed to be located within 1,500 feet of each other...
by Matt Lamers | Nov 2, 2023 | News
The Canadian cannabis industry is on pace to see a record number of federal licenses revoked this fiscal year, largely at the request of the companies themselves, according to new data from Health Canada. The federal agency revoked 42 licenses during the first six...
by Chris Casacchia | Nov 1, 2023 | News
Missouri regulators have notified cannabis operators that thousands of marijuana products under recall since August have been released for sale. The roller-coaster situation was first detailed by MJBizDaily. ADVERTISEMENT The Department of Health and Senior Services’...
by Solomon Israel | Nov 1, 2023 | News
Cannabis multistate operator Ayr Wellness is revamping its significant corporate debt, announcing several steps that include: Extending by two years the maturity date of its senior notes due December 2024 in a deal under which Ayr will issue new shares. A commitment...
by Chris Casacchia | Nov 1, 2023 | News
Nevada regulators approved six more conditional licenses for marijuana consumption lounges, including concepts from two of the nation’s largest cannabis companies. New York-based Curaleaf Holdings plans to open a retail-attached consumption lounge through its...
by Kate Robertson | Nov 1, 2023 | News
New York state’s unique Cannabis Growers Showcase program (CGS) has helped ease the burden of unsold marijuana worth hundreds of millions of dollars amid a dearth of adult-use retailers, according to local growers. Cultivators and brand representatives want the...