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California cannabis regulators’ fraud case against testing lab unravels
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Alberta to license 115 new cannabis stores over next six months if supply keeps rising
Alberta regulators have reversed a moratorium on the issuance of new adult-use marijuana retail permits after seeing a “modest but steady” improvement in the province’s cannabis inventory over the past…
News May 30
New Jersey cannabis firms make pivot to medical as adult-use prospects fade – for now
Prospective businesses laid the groundwork in anticipation that lawmakers would legalize the recreational use of marijuana in New Jersey. They scouted locations, talked with municipal officials and worked with consultants.…
News May 30
Cannabis capital ‘rotating’ away from Canada to United States, analyst says
Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry.
News May 30
Medical marijuana extracts ruling could open a business gateway in Arizona, experts say
The Arizona Supreme Court handed the state’s medical cannabis industry a significant legal win this week by ruling that extracts – including concentrates, edibles and other infused products – are legal.…
News May 30
Exclusive: US retail marijuana sales on pace to rise 35% in 2019 and near $30 billion by 2023
Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $12 billion by the end of 2019 - an increase of roughly 35% over…
News May 30
Illinois Senate approves adult-use cannabis industry
The Illinois Senate passed a recreational marijuana sales and taxation measure by a vote of 38-17 on Wednesday night. The amended measure now goes to the state House for consideration.…
News May 29
New Colorado law allows outsiders to invest in state’s marijuana industry
Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s cannabis industry to outside investors. The law is expected to bring new cash flow…
News May 29
Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board
Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory…
News May 29
Marijuana retailer Green Growth Brands logs quarterly net loss of $15.4 million
Green Growth Brands, an Ohio-based cannabis company, reported quarterly revenue of $5.6 million for the three months ended March 31. It did not report revenues for the same quarter last…
News May 29
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