‘Biggest thing, ever’: Marijuana rescheduling recommendation hailed
(This story was updated with additional comments and details at 5:48 p.m. ET.) The disclosure Wednesday that top Biden administration health officials this week officially recommended marijuana be reclassified from a Schedule 1 substance to Schedule 3 – the same...
Arizona adult-use and medical cannabis sales drop again in May
Arizona’s adult-use and medical cannabis sales declined again in May. According to data from the Arizona Department of Revenue and first reported by the Arizona Mirror: ADVERTISEMENT Adult-use cannabis sales dropped to $82.9 million, down from $90.1 million the...
Marijuana retailer Fika’s winning Fire & Flower bid was CA$36 million
Canadian marijuana retail company Fika Cannabis bid 36 million Canadian dollars ($26.6 million) at auction to acquire retail chain Fire & Flower Holdings, according to a report filed by Fire & Flower’s court-appointed insolvency monitor. The $36 million...
Access to cannabis stores varies widely across US and Canada
Access to recreational cannabis stores across the United States and Canada differs greatly by state and province after taking population into account. Different state-by-state regulations have created some markets that offer far fewer retail choices for consumers....
New York judge reverses, pauses all marijuana licensing in state
In a stunning reversal, a New York state Supreme Court judge on Monday held up all business applications to open adult-use marijuana stores in the state after finding cannabis regulators provided him “contradictory and confusing” information. This latest stumble in...
Arkansas medical cannabis sales hit $23.2 million in July
Arkansas medical cannabis sales are still on track for a record-breaking year after transactions in the state reached $23.2 million in July. That brings total MMJ sales in Arkansas for the first seven months of 2023 to $164.6 million – $7.3 million more than...
Ohio extends deadline for some medical marijuana dispensaries to open
Ohio dispensaries granted medical marijuana retail licenses that haven’t yet opened for business won’t lose their permits as long as they open before the end of the year. Thanks to a provision in the state budget signed into law earlier this summer, that’s an...
Bahamas looks to establish medical cannabis industry
The Bahamas has introduced a package of legislation to decriminalize cannabis for medical, research and religious purposes and establish a legal medical marijuana industry. The legislation, totaling 11 bills, would establish a framework for local cannabis production...
Oregon court pauses marijuana testing requirement for aspergillus mold
The Oregon Court of Appeals called for a temporary halt to a new marijuana lab-testing requirement for aspergillus, a type of mold that has led to recalls in several legal cannabis markets. Oregon marijuana cultivators warned that if the state’s new...
Canadian cannabis exports surge 50% to CA$160 million in 2022-23
(This is the first in a two-part series about Canada’s medical cannabis exports. Part 2 will explore where those exports are going.) Amid declining medical cannabis sales in Canada’s domestic market and cutthroat competition in the adult-use industry, some...
Planet 13 acquires VidaCann for $49M in Florida marijuana expansion
Las Vegas-headquartered Planet 13 Holdings on Monday announced a $48.9 million deal to acquire Florida-based VidaCann’s vertically integrated marijuana operation, which includes 26 medical cannabis dispensaries. The stock, cash and debt deal, which was unanimously...Featured
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