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Are Florida medical cannabis operators looking to exit the $2 billion market?
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US House committee approves spending bill with cannabis banking protections
A key U.S. House panel approved a spending bill including a provision that would protect banks serving lawful marijuana businesses from punishment by federal financial regulators. The House Appropriations Committee…
News June 13
Weekly Deal Watch: Public companies target private firms for cannabis M&A
Public companies led the charge in acquisitions this week, targeting private firms for growth in geography and product lines in more than two-thirds of the deals closed.
News June 13
Chart: Marijuana store density surpasses Starbucks & McDonald’s in many mature cannabis markets
As competition between cannabis retailers grows, so does the number of stores in mature markets, where the relative density of marijuana shops has surpassed that of Starbucks in many. The…
News June 13
Experts at MJBizConNEXT highlight cannabis industry’s move toward more mainstream acceptance
While there is still a long way to go before cannabis becomes totally mainstream, we may be seeing the end of the Wild West for marijuana businesses. This overarching theme…
News June 12
Quebec’s government-run cannabis stores lose CA$5 million
Quebec’s recreational marijuana retailer lost nearly 5 million Canadian dollars ($4 million) in its first fiscal year, citing supply challenges and build-out costs. The fiscal year ran from October 2018…
News June 12
California National Guard not yet redeployed to combat illegal marijuana farms
California Gov. Gavin Newsom alarmed many Northern California cannabis growers during his state of the state address in February when he announced 150 National Guard troops serving at the U.S.-Mexico…
News June 12
Maryland extends cannabis business license application period to June 24
Maryland’s Medical Cannabis Commission is extending the application period for cultivation and processing licenses because of technical glitches. Applicants will now have until June 24 to get paperwork filed, because…
News June 12
Federal agents return $250K seized from licensed CA marijuana distributor
The federal government has given back $257,733 that was seized by law enforcement officers from a licensed California cannabis distributor last fall. It’s a big legal win for state-authorized cannabis…
News June 12
Nevada’s delay of cannabis social use venues leaves business owners to pivot or wait
Because of the huge potentials around marijuana social use businesses in Las Vegas - and all over the country, for that matter - many cannabis industry watchers were intrigued after…
News June 12
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