High Times parent sells cannabis IP, licensing deals to Lucy Scientific
The parent company of cannabis publication and brand High Times is selling its intellectual property and “18 licensing agreements across various product categories” to publicly traded Lucy Scientific Discovery in an all-stock deal. The intellectual...
Border sales a boost for most marijuana retailers across US
Marijuana sales along state lines are key revenue generators for retail operators in the United States, and new insights suggest a similar business bump along international borders, particularly Mexico. Data compiled by New York-based wholesale technology platform...
Somai wins EU-GMP certification for Portugal cannabis facility
Somai Pharmaceuticals said it received European Union-Good Manufacturing Practice (EU-GMP) certification from the Portuguese health authority Infarmed. The certification is an essential step to exporting cannabinoids for medical use to foreign markets. ADVERTISEMENT...
Marijuana MSOs implore New York gov to let them enter state’s adult-use market
Citing government “ineptitude” and “intransigence” that’s allowed New York’s adult-use marijuana legalization to stagnate, CEOs from four multistate operators asked the governor to allow them to enter the state’s adult-use market “without delay.” New York...
A 3rd Native American tribe in Minnesota establishing adult-use cannabis sales
The Leech Lake Band of Ojibwe has established a framework to launch an adult-use cannabis retail program on its tribal lands in rural Minnesota. The Leech Lake Band business council recently approved an ordinance for the sale and consumption of cannabis products on...
Marijuana marketing platform Springbig moves from Nasdaq to OTC
Springbig Holdings, a Florida-based marijuana marketing and loyalty software company, delisted from the Nasdaq stock exchange and has moved to the OTCQX, the top tier of the over-the-counter markets. The company’s common stock and public warrants were listed...
Medical cannabis reimbursements for Canadian veterans rise to CA$167 million
Medical cannabis reimbursements by Veterans Affairs Canada in the 2022-23 fiscal year recorded an all-time high, according to the latest figures. However, annual growth of those reimbursements as measured in dollars reached a multiyear low, indicating that growth in...
Marijuana MSO Green Thumb to spend up to $50 million on share buybacks
Marijuana multistate operator Green Thumb Industries is poised to repurchase as much as 5% of its outstanding subordinate voting shares over the course of a year. The Chicago-based MSO will spend up to $50 million on the share buybacks, at its discretion, according to...
2nd-quarter cannabis MSO earnings ‘not terrible,’ analyst says
The nation’s largest cannabis multistate operators reported a slowdown in revenue growth in the second quarter, which ended June 30, with efforts to cut costs offset by oversupplied state markets. Wholesale marijuana price compression continues to plague the industry...
Tilt sells interest in Shinnecock Nation marijuana partnership for $1.4 million
Only three weeks after saying it was “undergoing a deep analysis” of the arrangement, Phoenix-based marijuana operator Tilt Holdings on Monday announced that it was selling its interest in a cannabis partnership with the Shinnecock Nation. To leave the...
Maryland sets social equity eligibility criteria for adult-use cannabis licenses
Maryland regulators released the guidelines for social equity applicant eligibility and information for an online verification portal in preparation for the upcoming adult-use cannabis business licensing application window. Based on data from three state agencies,...Featured
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