New marijuana ETF hits the market based on rescheduling hopes
A new cannabis exchange traded fund (ETF) has been launched by Subversive Capital Advisor based on the potential rescheduling of marijuana by the U.S. government. The ETF launch comes after a run-up in cannabis stocks following news of a recommendation from U.S....
Denmark has destroyed more than 145,000 kilograms of cannabis
Much of the medical cannabis produced under Denmark’s regulatory system has not made it to market and was intentionally destroyed for various reasons, according to government data. Just over 300 permits have been issued for the destruction of 145,541 kilograms...
California marijuana businesses beg gov to veto product label legislation
California marijuana companies are asking Gov. Gavin Newsom to veto a recently passed bill that’s meant to deter children from using cannabis products, claiming the legislation would instead ban many existing brands’ current logos while doing nothing to curb the...
Massachusetts Cannabis Control Commission chair suspended
Shannon O’Brien, the chair of Massachusetts’ Cannabis Control Commission (CCC), has been suspended with pay. It’s unclear why O’Brien was suspended last week by State Treasurer Deborah Goldberg, according to The Boston Globe, and the length of...
Leafly lawsuit challenges New York ban on third-party marijuana marketers
A rule banning third-party advertising and marketing services in New York’s fledgling adult-use marijuana market is being challenged in court. Cannabis e-commerce platform Leafly Holdings is the principal in a lawsuit against New York’s Office of Cannabis...
Cannabis producer BZAM cuts 90 more jobs after TGOD merger
Canadian cannabis producer BZAM has slashed another 90 employees as part of its merger with The Green Organic Dutchman Holdings (TGOD), which closed earlier this year. The integration plan has resulted in the loss of 275 total positions. ADVERTISEMENT In its latest...
Marijuana operator Columbia Care rebrands as The Cannabist Co.
(This story has been updated to reflect The Cannabist Co.’s Sept. 26 announcement about its new ticker symbol.) Major marijuana multistate operator Columbia Care has a new corporate identity after rebranding as The Cannabist Co. The new corporate name is The...
Canadian cannabis retail evolving, consolidating 5 years after legalization
Nearly five years after legalizing recreational marijuana at the federal level, Canada is approaching 4,000 regulated cannabis stores spread unevenly across the enormous country, according to data compiled by MJBizDaily. The latest quarterly store tally comes as...
Curaleaf marijuana retail employees in Phoenix return to work after 1-day strike
Workers at a Curaleaf Holdings marijuana store in central Phoenix went on a daylong strike Friday to protest a wrongful termination and operational policies, organizers told MJBizDaily. In conjunction with the strike, the United Food and Commercial Workers (UFCW)...
Canadian cannabis producer Canopy Growth raising $25 million
Canadian cannabis producer Canopy Growth Corp. entered into subscription agreements with institutional investors in a private placement offering for gross proceeds of approximately $25 million (33.8 million Canadian dollars). The offering of roughly 22.9 million units...
Marijuana MSO Columbia Care raises $25 million in private placement
New York-based marijuana multistate operator Columbia Care entered into subscription agreements with institutional investors to raise $25 million (33.8 million Canadian dollars) in a private placement. The agreements include the purchase and sale of 22.2 million units...Featured
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