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Lawsuit alleges cannabis packaging company KushCo misled investors
A group of shareholders filed a lawsuit against California-based KushCo, alleging that the company misled investors on the accounting behind a number of acquisitions, violating state and federal laws in…
News June 4
A dozen US governors ask congressional leaders to back federal marijuana reform
A bipartisan coalition of 12 governors from states that have legalized medical or recreational cannabis sent a letter to congressional leaders, asking for their support in getting a major marijuana reform…
News June 4
Nevada is poised to create cannabis compliance board
Nevada legislators passed a bill to create a board that will oversee the state’s legal marijuana industry. The Cannabis Compliance Board will be tasked with establishing requirements for marijuana delivery services…
News June 4
Green Growth eyes Florida medical marijuana market, nixes Arizona deal
Ohio-based medical marijuana company Green Growth Brands is moving into Florida through a $54.65 million agreement to acquire Spring Oaks Greenhouses, an MMJ company based in the state. The acquisition,…
News June 4
France nears launch of medical cannabis ‘experiment’
A potential medical marijuana program in France could soon be at the discretion of the nation’s Health Ministry after a group of senators agreed in principle to approve cannabis for…
News June 4
New York governor says legalization of adult-use cannabis unlikely this year
New York Gov. Andrew Cuomo said he doesn’t believe it’s feasible for lawmakers to legalize recreational marijuana in 2019. The Democrat told reporters he doesn’t see sufficient support to pass…
News June 4
Chart: Retail marijuana sales surpass Fortnite video game, closing in on Taco Bell, NFL
With revenue of $8.6 billion-$10 billion, 2018 sales of legal recreational and medical cannabis in the United States topped spending on e-cigarettes, the Fortnite video game and Goldfish crackers combined.…
News June 4
Federal appeals court to DEA: Reconsider marijuana’s Schedule 1 status
A federal appeals court in New York told the U.S. Drug Enforcement Administration (DEA) to “promptly” reconsider its classification of cannabis as a Schedule 1 drug. While it’s unclear whether the…
News June 3
Cannabis banking protections provided in congressional spending bill
Banks that serve lawful marijuana businesses would be protected from a crackdown by financial regulators such as the U.S. Department of Treasury under a provision in a draft congressional spending…
News June 3
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