Hearing set for challenge to adult-use cannabis appearing on Florida ballot
The Florida Supreme Court set a Nov. 8 date to hear oral arguments as to whether an adult-use cannabis legalization initiative can appear on the state’s November 2024 ballot. The state high court must approve the proposed wording of the initiative before voters...
Marijuana e-commerce platform Leafly regains Nasdaq compliance
Leafly Holdings says it is back in the good graces of the Nasdaq after meeting the stock exchange’s minimum bid-price requirement. The announcement comes after the marijuana e-commerce platform consolidated its shares on a 20-to-1 basis in September in order to...
Tilray narrows loss to $56 million on record cannabis sales
Canadian cannabis producer Tilray Brands narrowed its loss to $56 million ($77 million Canadian dollars) in the first quarter on record sales of $177 million, the company said in its financial results for its first quarter of fiscal year 2024. The revenue is 15%...
Marijuana lab testing under scrutiny amid recalls, differing rules
State marijuana regulators, producers and other stakeholders are grappling with how to safeguard consumers at a time when lab-testing requirements and enforcement differ dramatically nationwide and large-scale product recalls are common. Each state currently takes its...
Missouri regulators award 48 cannabis microbusiness licenses
Missouri has awarded 48 cannabis microbusiness licenses to “marginalized or under-represented individuals.” Each of the state’s eight congressional districts were given two retail licenses and four wholesale facility licenses, according to a news...
New York opening license application window for marijuana business licenses
New York regulators on Wednesday will launch an application window for several types of marijuana business licenses, with a priority on social and economic equity (SEE) applicants. SEE applicants include those “from communities disproportionately impacted by the...
Aurora Cannabis closes bought deal financing, yielding CA$38.8 million
Canadian producer Aurora Cannabis received gross proceeds of 38.8 million Canadian dollars ($28.3 million) from a bought deal offering after the underwriters’ over-allotment option was fully exercised. Aurora said in a news release it intends to use most of the net...
Marijuana operator Verano is switching Canadian stock exchanges
Marijuana multistate operator Verano Holdings Corp. is in the process of moving its Canada-listed shares from the Canadian Securities Exchange to the Cboe Canada exchange. Chicago-based Verano said it has received conditional approval to list its Class A subordinate...
Australian cannabis firm ECS Botanics secures AU$24 million offtake deal
Australia-based medical cannabis company ECS Botanics Holdings has secured a binding offtake agreement to supply dried flower to MediCann Health Pty. MediCann is a medical marijuana health care company that provides patients with access to doctors and pharmacists who...
The launch of New York’s first adult-use marijuana store: Q&A with Housing Works’ Sasha Nutgent
(This story appears in the October issue of MJBizMagazine.) Sasha Nutgent had just one month between being hired as retail manager for Housing Works Cannabis Co. and opening the doors to the first regulated, adult-use marijuana store in New York City. During that...
Tilray to pay MediPharm CA$9M package related to Hexo cannabis supply dispute
Canadian cannabis producer Tilray Brands has agreed to pay rival producer MediPharm Labs a settlement package worth 9 million Canadian dollars ($6.6 million). The settlement is related to MediPharm’s dispute with Hexo Corp., which Tilray acquired earlier this year....Featured
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