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Chicago marijuana firm inks $29 million real estate deal

Revolution Global, a Chicago-based cannabis company, will more than double the capacity at its flagship cultivation facility in Illinois after securing $28.75 million in funding from Freehold Properties, a Las…

News October 17
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Northeast governors meet to create regional adult-use cannabis plan

Governors from New York, New Jersey, Pennsylvania and Connecticut are co-hosting a cannabis summit Thursday with legislative leaders and policymakers in an unprecedented move to coordinate recreational marijuana legalization efforts.

News October 17
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Report: Draft law to legalize recreational cannabis in Mexico handed to Senate commissions

The Mexican Senate’s parliamentary commissions of justice, health and legislative studies received a proposed law to establish a federally regulated adult-use marijuana industry.

News October 17
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Cannabis businesses invest CA$700 million in Atlantic Canada, report estimates

Investments by nearly two dozen federally licensed cannabis producers in New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland are expected to reach 700 million Canadian dollars ($532 million) by…

News October 17
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Webinar: Harborside CEO talks shift to for-profit marijuana model

Harborside is a pioneer of the legalized cannabis industry focused on cultivation, branded products and retail in California, where it operates three dispensaries in the Bay Area and a cultivation…

News October 17
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Buying cannabis licenses on secondary market more of a sure bet than applying for state business permits

As the marijuana industry matures and companies expand, many smaller, original growers and retailers are putting their licenses up for sale through the secondary market – much like selling a…

News October 17
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Cannabis advertising firm Weedmaps cuts 100-plus jobs in response to slow adult-use market rollouts

California marijuana advertising giant Weedmaps announced Wednesday it laid off 25% of its workforce, blaming the slow rollout of recreational MJ markets in California and Massachusetts and a dwindling pool of…

News October 16
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Recreational marijuana legalization in New Mexico set for push

New Mexico would use proceeds from recreational marijuana to provide low-interest loans to small cannabis businesses and eliminate taxes on medical cannabis under a legalization proposal from an expert panel…

News October 16
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Chicago allows some adult-use cannabis sales downtown

Chicago’s City Council approved a zoning ordinance that bans recreational marijuana stores from the central business district but allows them to locate in part of the popular River North area…

News October 16
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