Arbitrator awards Cookies nearly $18M in dispute with marijuana retail partner
A company formed to open and operate Cookies-branded marijuana stores must pay the iconic San Francisco cannabis company almost $18 million in unpaid royalty fees and for unauthorized use of Cookies’ signature intellectual property. That’s according to a Feb. 14...
Cannabis bills fail to advance in Indiana Legislature
Several cannabis-related bills in Indiana, including one that would legalize an adult-use market, failed to advance in the state’s Republican-controlled Legislature. House Bill 1630 aimed to establish a regulated program and allow those 21 and older to purchase,...
Casa Verde leads $3 million funding round for marijuana insurer Frontier Risk
Casa Verde Capital, a Los Angeles-based investment firm founded by entertainer Snoop Dogg, led a $3 million funding round for marijuana industry insurance provider Frontier Risk Group. The deal also brings a traditional insurance company into the cannabis industry...
New Jersey adult-use cannabis market heating up with new entrants
New Jersey’s adult-use cannabis market has experienced surging growth since it launched in April 2022. Recreational cannabis sales in New Jersey totaled $789.8 million in 2024, and the number of retailers has proliferated, giving the multistate operators who were...
Illinois, Maine pondering marijuana consumption measures
Illinois and Maine are the latest states considering enacting regulations for marijuana consumption at venues and events. Two companion measures, House Bill 3061 and Senate Bill 1772, were recently introduced in the Illinois Assembly that would allow municipalities to...
Cannabis retailer High Tide rethinking acquisition of German operator
Canada-based cannabis retailer High Tide is stepping back from its deal with Purecan GmbH to enter Germany’s medical marijuana market. The Calgary, Alberta-headquartered company planned to acquire a 51% interest in Purecan in a cash-and-stock deal for 4.8...
California bill would derail planned marijuana tax increase of up to 25%
A California lawmaker wants to cancel a scheduled increase in the state’s marijuana excise tax of nearly 25% that many operators say would be ruinous. If the state Legislature were to pass Assembly Bill 564 – written by Assembly Member Matt Haney, a San...
Medical cannabis registries show steep decline after launch of adult-use sales
(This is the first installment in an occasional series – a collaboration with the Marijuana Policy Project – highlighting demographic shifts within medical cannabis registries nationwide.) The expansion of adult-use marijuana sales to 21 states has ushered...
Deal struck in bankruptcy of California marijuana operator Unrivaled Brands
Unrivaled Brands, a once-prominent subsidiary of California marijuana company Blüm Holdings, has reached a deal to settle litigation with creditors as part of bankruptcy proceedings. While court records show that Unrivaled’s bankruptcy process has yet to be finalized,...
What will Germany’s election outcome mean for nation’s cannabis industry?
Conservative leader Friedrich Merz’s election victory in Germany could result in a potential slowdown or reversal of the European Union nation’s recent cannabis reform as his party has previously opposed legalization efforts. Merz has said the new policies,...
California workers for marijuana operator Eaze secure 3-year bargaining pact
Nearly 500 California-based workers at marijuana operator Eaze have ratified a new three-year collective bargaining agreement. ADVERTISEMENT According to a Friday news release, the workers – who are represented by the United Food and Commercial Workers Local 5,...Featured
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