South Dakota medical marijuana card demand prompts regulatory concerns
A group of South Dakota lawmakers, regulators and law enforcement officials are raising concerns the state has issued too many medical marijuana cards for patients. Jennifer Seale, the state’s MMJ program administrator, told the Legislature’s Republican-controlled...
Cannabis cultivator Clever Leaves consolidates shares to stay on Nasdaq
International medical cannabis company Clever Leaves Holdings has consolidated its Nasdaq-listed shares on a 30-to-1 basis to keep its listing on the U.S. stock exchange. Clever Leaves said the reverse stock split took effect after the end of trading on Aug. 24....
Judge orders former Wrigley-connected medical marijuana company dissolved
A Pennsylvania judge has ordered the dissolution of a heavily indebted, state-licensed medical marijuana company that was once part of former chewing-gum magnate William “Beau” Wrigley Jr.’s fledgling cannabis empire. Allegheny County Court of Common Pleas Judge...
Canadian wildfires appear to have little impact on cannabis supplies
Health Canada said two licensed cannabis companies have voiced concerns about the wildfires in British Columbia, but the federal regulator told MJBizDaily it has yet to receive any reports the blazes have destroyed marijuana crops. “Health Canada is aware that the...
New Jersey adult-use marijuana market caught in a ‘doom loop,’ trade group says
New Jersey’s adult-use marijuana market is caught in a “doom loop,” and the regulatory commission is responsible for the problems, according to a report by the state’s Cannabis Trade Association. The report shows the slow pace of licensing,...
S&P discontinues Canadian, international cannabis stock indices
Two indices tracking the performance of cannabis businesses on North America’s largest stock exchanges have been discontinued amid waning investor interest in marijuana stocks and billions in losses suffered by the companies. The S&P/TSX Canada Cannabis Index was...
Ballot language approved for Ohio recreational marijuana measure
Ballot language for an Ohio initiative to legalize recreational marijuana in the state has been finalized for the November election. The Republican-controlled Ohio Ballot Board approved the language Thursday, The Columbus Dispatch reported. ADVERTISEMENT If the...
New York court keeps order blocking new adult-use cannabis retail licenses
The court order blocking new entries into New York’s struggling adult-use cannabis market remained in force after a Friday hearing in Ulster County Supreme Court – despite a new appeal filed by the state attorney general to lift the stay. However, 30 applicants...
Former CEO, Canadian prime minister exit board of marijuana MSO Acreage
Former CEO Kevin Murphy and ex-Canadian Prime Minister Brian Mulroney have resigned from the board of directors of New York-based marijuana multistate operator Acreage Holdings. In an Aug. 4 filing with the U.S. Securities and Exchange Commission, the company said...
Opinion: Don’t count on federal courts to rule on cannabis lawsuits
New York state has approved more than 30 licenses to operate recreational cannabis stores this year. But a good number of those new stores are tied up in litigation. There are still no licensed adult-use retailers outside of Manhattan because of an ongoing suit filed...
Michigan marijuana regulators take too long to process complaints, audit shows
Michigan’s marijuana regulatory body is taking too long to crack down on businesses that have violated state regulations, according to a state audit. The state’s Office of the Auditor General said in the report that the Michigan Cannabis Regulatory Agency...Featured
1
Latest Sponsored
