Weedmaps shares surge after cannabis company proposes going private
(This story has been updated to confirm WM Technology received and is weighing the nonbinding offer.) The share price of Weedmaps’ parent, WM Technology, popped Wednesday morning after its co-founders submitted a proposal to take the California company private....
Marijuana MSO Vireo Growth secures $75 million funding, acquires 4 companies
Marijuana multistate operator Vireo Growth has received $75 million in equity financing and acquired four single-state operators as well as a delivery and analytics platform. ADVERTISEMENT According to a Wednesday news release, Minneapolis-based Vireo’s...
Germany’s adult-use cannabis pilot programs could benefit foreign operators
Companies and scientific institutions could sell adult-use products under new legislation in Germany that allows these groups to seek licenses for cannabis pilot programs. Industry observers said the pilot programs present opportunities for U.S., Canadian and other...
‘Most conservative’ medical marijuana proposal resurfaces in South Carolina
A South Carolina state senator has reintroduced what he’s called the “most conservative” medical marijuana legalization proposal in the country. That’s the pitch Republican state Sen. Tom Davis will use to try to convince fellow lawmakers to finally pass the South...
MediPharm inks deal to sell Ontario cannabis operation for $5.5 million
Canadian cannabinoid company MediPharm Labs is selling its manufacturing operation in Ontario for $5.5 million to Kensana Health. Under terms of the cash deal, Ontario-based Kensana Health will acquire all of the issued and outstanding shares of MediPharm subsidiary...
Kentucky awards 12 more medical marijuana dispensary licenses
Kentucky awarded 12 more medical marijuana dispensary licenses through a second lottery, bringing to 48 the number of licensed MMJ sellers. The applicants were selected through a random number generator on Monday at the Kentucky Lottery Corp. ADVERTISEMENT The state...
Ohio adult-use program was only new cannabis market launch in 2024
2024 will go down as one of the quietest years for cannabis market launches. The debut of Ohio’s adult-use retail market on Aug. 6 is the lone standout, in contrast to perennial market expansion that’s been a bedrock of the industry for more than a decade....
New Jersey marijuana regulators double fee, will accept first lounge applications
Regulators in New Jersey voted to double an excise fee charged to cultivators that sell marijuana to other license holders with the proceeds of such sales going into a social equity fund. Social equity businesses also will be the first in the billion-dollar market to...
Cannabis manufacturing workers in New Jersey join Teamsters union
Employees of manufacturing company Garden Society are the first cannabis workers in New Jersey to join Teamsters Local 469. The 40 newest members, who “overwhelmingly” voted to join the union, cook and manufacture cannabis products, according to a news release....
From Navy Vet to Vape Innovator: How O2VAPE® Has Been Redefining Vape Standards for 10 Years
This is a note from our sponsors. Founder & CEO Dana E. Shoched Leads O2VAPE®’s Focus on Safety and Innovation with their new All Glass Options The vape industry has come a long way from its humble beginnings, evolving from basic devices with limited...
Missouri lawmakers introduce 3 bills to regulate hemp products
Three competing bills with proposals to regulate the hemp industry have been introduced in Missouri. A proposal from state Rep. Barry Hovis, a Republican representing Missouri District 146, would regulate only hemp-derived beverages and establish the same three-tier...Featured
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