by Solomon Israel | Oct 25, 2023 | News
Agricultural biotechnology company 22nd Century Group, which focuses on hemp, tobacco and hops, says it has reduced the outstanding amount of its senior secured debt by $8.1 million. The Buffalo, New York-based company said its senior secured credit facility now has...
by Chris Casacchia | Oct 25, 2023 | News
Medical marijuana sales through independent pharmacies launched Wednesday in Georgia, the first U.S. state to approve that retail channel. However, under Georgia’s 2019 MMJ law, operators and pharmacists are permitted to sell only low-THC oil with up to 5% THC....
by Andrew Long | Oct 25, 2023 | News
The percentage of women and members of minority groups holding executive positions in the cannabis industry has returned to pre-pandemic levels after a significant drop during the past three years, according to a new report from MJBizDaily. In 2019, MJBizDaily...
by Solomon Israel | Oct 24, 2023 | News
Suzanne Bergeron has been installed as the new president and CEO of the Société québécoise du cannabis (SQDC), the governmental marijuana retail monopoly in the Canadian province of Quebec. Bergeron will become the SQDC’s first woman chief executive when she...
by Matt Lamers | Oct 24, 2023 | News
Canadian licensed producer Aurora Cannabis has reached a settlement with Willow Biosciences over an ongoing patent litigation. The settlement is confidential, according to Aurora, so few details are public. ADVERTISEMENT Aurora said it commenced the patent...
by Kate Robertson | Oct 24, 2023 | News
A key Minnesota governmental agency has not approved more than $20 million in loans to marijuana company Hwy35. The $22 million in loans to Missouri-based Hwy35 were approved Oct. 17 by the state’s Department of Iron Range Resources & Rehabilitation (IRRR)....
by Matt Lamers | Oct 24, 2023 | News
Two-thirds of Canadian consumers buy cannabis only from legal sources, according to a new survey from Toronto-based polling company Pollara Strategic Insights. The newest data – released on the fifth anniversary of the end of prohibition in Canada –...
by Chris Casacchia | Oct 24, 2023 | News
Employees at The Dispensary in Las Vegas have voted to join the United Food and Commercial Workers (UFCW) Local 711. The retail location is the second owned by Miami-based multistate operator Ayr Wellness to unionize, according to Las Vegas TV station KVVU....
by Omar Sacirbey | Oct 24, 2023 | News
(This story is part of the cover package in the October issue of MJBizMagazine.) When Massachusetts-based multistate operator MariMed decided to launch a delivery service in its home state two years ago, company executives started studying other cannabis carrier...
by Chris Roberts | Oct 23, 2023 | News
Marijuana multistate operator Curaleaf Holdings has terminated an unspecified number of employees in another round of layoffs. In a short, emailed statement to MJBizDaily on Monday, spokesperson Jordon Rahmil confirmed Curaleaf’s latest round of layoffs but...
by Matt Lamers | Oct 23, 2023 | News
Almost exactly five years after SNDL opened a cannabis cultivation facility in Olds, Alberta, the Canadian producer announced it’s closing the enormous plant “to enhance the competitiveness” of its marijuana operations segment. The company, which accumulated losses...
by Kate Robertson | Oct 23, 2023 | News
The Massachusetts Cannabis Control Commission (CCC) appointed an acting executive director to take over for Shawn Collins, who is on parental leave until December. The head of the CCC’s human resources department, Chief People Officer Debra Hilton-Creek, will...