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BlackRock discloses $11M investment in medical marijuana firm Curaleaf

BlackRock, one of the world’s largest money managers, disclosed in regulatory filings that its funds have an $11 million stake in Curaleaf Holdings, a Massachusetts-based medical cannabis company.

News March 22
Health Canada cannabis regulator

Canada clamps down on ‘one-click’ age checks for marijuana promotions

One-click authentications of a website user’s age are not enough to ensure cannabis promotions cannot be accessed by young people, according to Health Canada, and the agency expects regulated parties…

News March 22
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Cannabis financier Gotham Green Partners to invest up to $250 million in MedMen

MedMen, a California-based multistate marijuana operator, said it will receive an investment of up to $250 million from private equity fund Gotham Green Partners (GGP). The investment – a convertible…

News March 22
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CBD set for sale at drugstore giant CVS & more of the week’s top cannabis business news (SLIDESHOW)

CVS emerges as a new sales outlet for Curaleaf hemp-derived CBD topicals, Florida medical marijuana patients can buy smokable flower, New Jersey looks short on the votes necessary for adult-use…

News March 22
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New Jersey governor: Push to legalize recreational marijuana is short on votes

Days ahead of a planned vote in the Legislature that would make New Jersey the 11th state to legalize recreational marijuana, Gov. Phil Murphy said Thursday the measure is short…

News March 21
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MedMen taking Miami Beach to court over cannabis dispensary regulations

Multistate marijuana operator MedMen is suing Miami Beach, Florida, claiming a local regulation – which requires medical cannabis dispensaries be at least 1,200 feet from each other – violates state law.…

News March 21
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Florida dispensary conducts first smokable medical marijuana sale

Only days after Florida’s governor signed a bill allowing medical cannabis dispensaries to sell smokable products, Trulieve, the largest cannabis retailer in the state, began selling them. Trulieve sold the…

News March 21
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California cannabis firms struggle to make sense of new track-and-trace system, fanning fears over its expanded rollout

Many California marijuana business executives welcome the state’s newly mandated track-and-trace system as an opportunity to ensure industry transparency – but they worry the technology’s rollout could prove rocky. Industry…

News March 21
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Illinois Senate panel passes bill to protect banks serving cannabis businesses

An Illinois senate committee voted to advance a bill that would prohibit the Illinois Department of Financial and Professional Regulation from taking any action that would penalize or dissuade banks and…

News March 21
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