by Solomon Israel | Oct 23, 2023 | News
Publicly traded cannabis tech company Agrify Corp. has received a formal noncompliance notification from the Nasdaq, the latest predicament for the firm’s listing on the high-profile stock exchange. Agrify was found to have breached a Nasdaq rule regarding the...
by Chris Casacchia | Oct 23, 2023 | News
Missouri marijuana executives are hoping to return to some sense of normalcy after the state’s $1 billion-plus cannabis market underwent whiplash last week over the status of 62,000 infused products recalled from store shelves back in August. The back-and-forth...
by Chris Casacchia | Oct 20, 2023 | News
Rhode Island regulators have adjusted cannabis sales figures from several monthly reports dating to the launch of adult-use retail in late November. The discrepancies, first reported by Marijuana Moment, amount to pennies in some cases and more than $120,000 in...
by Solomon Israel | Oct 20, 2023 | News
Retail sales of legal recreational marijuana in New York were worth $83 million between the beginning of 2023 and Sept. 29, according to a new preliminary estimate from the state’s cannabis regulator. The sales total was presented by the New York Office of...
by Matt Lamers | Oct 20, 2023 | News
Canada’s recreational cannabis industry continued to experience steady monthly growth this year, with sales in August rising to 464.2 million Canadian dollars ($339 million), or a 4% increase over July, according to the latest data released by Statistics Canada....
by Kate Robertson | Oct 20, 2023 | News
Michigan’s governor signed two bills into law that will allow Native American tribes and the state to form compacts to regulate and tax marijuana. The legislation also permits tribal- and state-licensed operators to sell cannabis to one another. ADVERTISEMENT...
by Matt Lamers | Oct 20, 2023 | News
Village Farms International, which owns Canadian cannabis producer Pure Sunfarms, was granted a six-month extension by the Nasdaq stock exchange to regain compliance after its stock price fell below the exchange’s minimum-bid rule. Village Farms was warned last April...
by Omar Sacirbey | Oct 20, 2023 | News
(This story is part of the cover package in the October issue of MJBizMagazine.) Since Airbnb was founded 15 years ago to provide property owners with a way to rent out their homes, numerous similar platforms have been born. Some lodging platforms take...
by Chris Roberts | Oct 19, 2023 | News
Two former lobbyists were sentenced to federal prison terms after pleading guilty to bribing a prominent Michigan politician in exchange for cannabis business licenses. ADVERTISEMENT Brian Pierce, 45, received a 24-month sentence and Vincent Brown, 33, was sentenced...
by Chris Casacchia | Oct 19, 2023 | News
A group of small marijuana farmers and a trade group in Northern California have filed a lawsuit seeking to remove a March ballot initiative that would significantly restrict cultivation in Humboldt County. The lawsuit against Humboldt County Registrar of Voters and...
by Matt Lamers | Oct 19, 2023 | News
Two employees of Israeli cannabis producer InterCure were among those kidnapped by Hamas when the militants infiltrated Israel’s southern border earlier this month, the company disclosed this week. InterCure’s main facility, located in Kibbutz Nir Oz, roughly...
by Chris Roberts | Oct 19, 2023 | News
(This story has been updated to specify that one of the defendants does business as 3Chi.) Companies connected to a prominent San Diego marijuana retail brand are suing 10 competitors that sell hemp-derived cannabinoid products, according to court documents obtained...