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US Senate panel chair: Cannabis banking reform prospects looking up

The chair of a key U.S. Senate panel is optimistic about the prospects for a cannabis banking bill following bipartisan approval of legislation in the House. Such a bill, if…

News September 27
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Canadian cannabis firms burn through cash amid ‘unmitigated retail disaster’

Cannabis producers in Canada with fewer than six months of cash on hand may have to rethink planned facility expansions if revenues continue to come in lower than expected, according…

News September 27
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Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal

Chicago-based Cresco Labs will sell two cultivation and processing facilities in Illinois to Innovative Industrial Properties, a real estate investment trust company (REIT), for $46.3 million as the multistate operator…

News September 27
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After US House’s SAFE vote, here’s what you need to know about current state of marijuana banking

The U.S. House of Representatives' vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a…

News September 27
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A new way to commercialize cannabis in Canada: Q&A with Mark Spear of Wildfire Collective

Wildfire Collective is spearheading Canada’s first exclusively outdoor, multisite craft cannabis operation focusing on high terpene, full spectrum extracts. “This really is something that’s going to help differentiate us when margin…

News September 27
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Week in Review: Momentous marijuana banking vote in US House, vape crisis fallout, MA approves MJ cafes/delivery & more

The U.S. House passes a cannabis banking bill with strong bipartisan support, Massachusetts is the first state to nix the sale of all tobacco and marijuana vaping products, a Washington…

News September 27
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Los Angeles City Council expected to weigh one-year cannabis vape sales ban

A Los Angeles City Council member is moving to temporarily ban the sale of all marijuana vaping products in response to the recent vaping illness epidemic. Whether the measure will…

News September 26
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Additional medical marijuana licenses put on hold in Maryland

Maryland medical marijuana regulators put plans to award an additional four cultivation and 10 processing licenses on hold, in wake of a judge’s temporary restraining order barring the state from…

News September 26
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Uruguay’s hemp exports could start next year: Q&A with Sergio Vazquez of the agriculture ministry

Uruguay could see the start of an export stream for hemp as early as 2020, after a period of testing has been completed, marking a milestone for Latin American hemp industry.

News September 26
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