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Connecticut’s Democratic lawmakers push to legalize adult-use marijuana
Several House Democrats in Connecticut on Thursday unveiled draft legislation to legalize adult-use marijuana under a tightly-controlled framework, becoming the latest Eastern state to push for recreational legalization. Businesses wouldn’t…
News March 14
Massachusetts cannabis RICO case settled out of court for ‘substantial’ amount
A Massachusetts racketeering lawsuit against a marijuana shop was dismissed, but the victory for that cannabis business didn’t come without a cost. The parties agreed to a “substantial” but confidential…
News March 14
Canada’s dried cannabis supply builds as adult-use sales decline
The volume of dried adult-use cannabis sold in the regulated Canadian market fell in January while inventories continued to build, according to the latest data from Health Canada. In January,…
News March 14
New Mexico adult-use marijuana bill might face long odds in final stretch
Legislation that would legalize recreational cannabis in New Mexico but under a mostly government-run retail structure faces an uphill climb. Although the House passed the measure, a key New Mexico Senate…
News March 14
Weekly Deal Watch: Cannabis capital raises outpace record 2018 levels
North American cannabis companies have raised nearly $3.3 billion so far this year, outpacing the record funding levels set in 2018, according to the latest data from Viridian Capital Advisors.
News March 14
Florida lawmakers vote to end ban on smokable medical cannabis products
Florida is on the verge of eliminating its ban on smokable medical marijuana, a move that is expected to provide a significant boost in sales for the already booming $250…
News March 13
Marijuana firm Tilray taps ex-Goldman Sachs managing director
Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer.
News March 13
Billionaire Peltz joins Aurora Cannabis to advise on partnerships, expansion
Nelson Peltz will join Aurora Cannabis as a strategic adviser to help the company lock in partnerships and expand internationally - a move seen as a major vote of confidence…
News March 13
NY marijuana trade group expels MedMen; company says it hasn’t been notified
The New York Medical Cannabis Industry Association (NYMCIA) has expelled California-based MedMen from its ranks, an organization spokesman confirmed to Marijuana Business Daily, but the company said it has yet…
News March 13
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