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Are Florida medical cannabis operators looking to exit the $2 billion market?
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Report: CBD sales in the US to reach $7 billion by 2023 as investments surge
Financial firms are taking advantage of billions of dollars in business opportunities opened in the U.S. hemp industry by passage of the U.S. Farm Bill, according to a new report…
News June 6
MedMen investors file to move lawsuit against cannabis firm into arbitration
After filing suit against MedMen in January alleging serious mismanagement and a breach of fiduciary duty - and asking a court for nearly $220 million in damages - two early…
News June 6
Marijuana firm Planet 13 signals entry into California with $10M dispensary purchase
Planet 13, a Nevada cannabis company that operates what it calls the world's largest dispensary, is entering the California market with a $10 million acquisition of a retail license and…
News June 6
Delaware recreational cannabis bill clears first obstacle
A bill to legalize recreational marijuana in Delaware cleared its first legislative hurdle, with the House Revenue and Finance Committee voting to advance the measure for consideration by the full…
News June 6
Louisiana lawmakers approve bill allowing sale of medical marijuana inhalers
Louisiana’s medical marijuana dispensaries will be allowed to sell cannabis inhalers to patients under a bill headed to the governor’s desk. The added delivery method for patients should be a…
News June 6
Cannabis oil firm PharmaCielo to buy Australia’s Creso Pharma for roughly $85M
Toronto-headquartered PharmaCielo agreed to purchase Creso Pharma, an Australian-traded cannabis oil producer, for 122 million Australian dollars ($85 million).
News June 6
Report: Minnesota’s two medical cannabis firms post $2.4 million in red ink in 2018
Minnesota’s two medical marijuana companies, Leafline Labs and Minnesota Medical Solutions, lost a combined $2.4 million in 2018, continuing the losses that have marked the state’s program since it began in…
News June 6
Weekly Deal Watch: Cannabis capital raises keep up 2019 pace, led by debt
Capital raises in the North American cannabis industry continued their rapid year-over-year climb the last two weeks, raising the second-largest amount of debt for the industry so far this year.
News June 6
New lawsuit alleges marijuana delivery giant Eaze engaged in payment processing fraud
Cannabis tech platform and delivery giant Eaze Solutions is facing a new legal challenge to its business model, this time from a Canadian competitor that also runs a delivery platform…
News June 6
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