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Utah lawmakers consider ditching state-run medical cannabis system

Utah legislators are drafting a proposal to scrap a planned state-run medical marijuana dispensary system and instead increase the number of private facilities, which could boost business opportunities and sales.…

News August 22
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Marijuana firm KushCo secures $50 million credit line

California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, closed on a $50 million credit facility that will be used for working capital and potential acquisitions.…

News August 22
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FBI scrutiny of corruption in US cannabis industry welcomed by some, scorned by others

The FBI’s announcement that it is probing public corruption in the legal marijuana industry has stirred up strong reactions among cannabis insiders.

News August 22
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Solving Uruguay’s adult-use cannabis supply shortfall and anticipating first medical exports: Q&A with attorney Daniel Podestá

Uruguay's persistent recreational cannabis supply shortage boils down to a cautious regulator that preferred to start slowly, said Daniel Podestá, a partner at the Montevideo law firm Estudio Podestá.

News August 22
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Investor Intelligence to host exclusive webinar on Q2 cannabis investing trends

In a special webinar from MJBizDaily’s Investor Intelligence, Viridian Capital Advisors executives Scott Greiper and Harrison Phillips will review Q2 investing trends and the outlook for the marijuana industry for the next…

News August 21
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Cresco Labs reports increased marijuana revenue, net quarter loss

Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago. Net loss…

News August 21
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CA high court medical cannabis ruling unlikely to cause major disruption to industry, key attorney says

At first blush, it may seem as if the California Supreme Court’s ruling on a medical marijuana case would prove a big deal for the state’s cannabis industry. But that’s…

News August 21
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Weedmaps will stop advertising unlicensed cannabis retailers ‘later this year’

Online advertising giant Weedmaps said Wednesday it will begin requiring a state license number for all marijuana retail listings on its site, indicating it will cease carrying ads for unlicensed…

News August 21
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Terra Tech selling Nevada cannabis dispensary

California-based Terra Tech is selling its Blüm Reno dispensary, which was the subject of a lawsuit earlier this year, for $15 million. In February, Terra Tech agreed to pay $6.3 million…

News August 21
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