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California cannabis regulators’ fraud case against testing lab unravels
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Canadian cannabis producer Organigram to list on Nasdaq
Organigram, a New Brunswick-based marijuana producer, will begin trading on the Nasdaq on May 21. The company will join other major Canadian producers listed on senior U.S. exchanges, such as…
News May 17
Marijuana firm Green Growth Brands raises $45.5 million
Ohio-based Green Growth Brands raised $45.5 million through a private placement of convertible debt, the firm announced Friday. Terms of the financing included 15% secured convertible debentures at a price…
News May 17
Major Oregon cannabis retailer Nectar hit with $4M suit over store purchase
Nectar, a prominent Oregon marijuana company with 18 stores statewide, has been sued for allegedly failing to pay $955,000 for its purchase of Rose City Buds & Flower, a cannabis…
News May 17
German medical cannabis market led by older patients; 750 kilograms of flower imported in Q1
More than 750 kilograms of medical cannabis flower was imported to Germany in the first quarter of this year, putting the country on pace to import about the same amount in…
News May 17
Adult use in NJ a no-go for now, AR medical cannabis sales launch, new states allow edibles & more
New Jersey legislators abandon their current efforts to legalize recreational cannabis, Arkansas finally sees its first medical marijuana sales, MJ-infused edibles expand into new states - plus other important news…
News May 17
Tax bill that could have boosted California marijuana businesses fails to advance
A proposal to temporarily lower taxes on marijuana products in California likely will not pass the state Legislature this year. The bill was designed to help licensed marijuana retailers compete…
News May 16
Delaware lawmakers take another stab at creating recreational cannabis industry
Democratic legislators are again proposing to legalize adult-use marijuana in Delaware, an idea still opposed by Democratic Gov. John Carney. Sponsors introduced a bill they said is aimed at eliminating…
News May 16
Senate filibuster hobbles Nebraska medical marijuana legalization measure
A bill aimed at legalizing medical marijuana in Nebraska did not move forward in the state Senate after backers reported they couldn’t get enough votes to end a filibuster by…
News May 16
Treasury Secretary Mnuchin opposes federal tax breaks for cannabis businesses
Treasury Secretary Steven Mnuchin may be open to a bipartisan solution to marijuana firms’ banking woes, but he doesn’t believe cannabis businesses should have the ability to receive federal “opportunity…
News May 16
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