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California cannabis regulators’ fraud case against testing lab unravels
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California marijuana sales a far cry from state’s projections
California is paying a price for the shaky rollout of its legal recreational marijuana market. State budget documents show Gov. Gavin Newsom’s administration is sharply scaling back what it expects…
News May 10
Cannabis group Greenlane reports net loss amid expansion
Greenlane, a Florida-based distributor of vape products, reported improved revenue of $49.9 million for the first quarter 2019, up 15.3% from the same period last year.
News May 10
IL gov touts adult-use marijuana plan, FL dispensary cap lawsuits, Euro MJ conference & more
Illinois Gov. J.B. Pritzker unveils a blueprint for recreational marijuana, lawsuits crop up in Florida around the state’s dispensary caps, a conference in Denmark highlights the growing international MJ space…
News May 10
Finance committee rebuffs Wisconsin governor’s medical marijuana plan
The Wisconsin Legislature’s joint finance committee on Thursday voted 11-4 along party lines to reject Gov. Tony Evers' budget proposal to legalize medical marijuana.
News May 9
Schumer to reintroduce federal cannabis reform bill
Senate Minority Leader Chuck Schumer on Thursday said he intends to reintroduce his bill to remove marijuana from the U.S. controlled substances list, a move that would permit states to…
News May 9
Alabama Senate moves limited medical marijuana program bill forward
The Alabama Senate approved a measure Thursday that would create a limited medical cannabis sales and taxation program to treat certain debilitating illnesses and conditions. The Senate passed the bill…
News May 9
Weekly Deal Watch: Private companies drive cannabis M&A activity
The number of completed M&A deals in the cannabis space remains significantly higher so far this year compared with a similar period in 2018 - and private companies are largely…
News May 9
Netherlands prepares legal recreational cannabis cultivation experiment
The Netherlands is laying the groundwork to become the first country in Europe to allow commercial production of adult-use marijuana – although initially the program would be considered an experiment.…
News May 9
Cannabis firm Cronos Group misses on revenue, reports wider Q1 loss
Toronto-based Cronos Group reported first-quarter results Thursday revealing the licensed marijuana company’s losses grew from a year ago as it missed revenue expectations. Cronos reported first-quarter revenue of 6.5 million…
News May 9
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