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First marijuana retailer in Tacoma, Washington, shuttered for not paying taxes
A nearly 4-year-old cannabis retail operation in Tacoma has been closed down because it had an unpaid state tax bill of $1.4 million. The Washington state Liquor and Cannabis Board revoked the…
News February 9
Big US tobacco company buys stakes in Canadian cannabis growers, American hemp firm
A publicly traded U.S. tobacco company has bought controlling stakes in two Canadian marijuana producers and invested in a North Carolina hemp grower, making what is believed to be the…
News February 8
Oregon audit: Cannabis tracking system vulnerable to compromise
An audit of Oregon’s top marijuana regulatory agency found that the state’s marijuana tracking system lacked proper safeguards, making it easier for cannabis businesses to hide violations such as illegal…
News February 8
Cannabis data firm New Frontier buys Hemp Business Journal
New Frontier Data, a market-analysis firm that caters to the marijuana industry, is expanding its focus to hemp with the purchase of Hemp Business Journal. Terms of the deal weren’t…
News February 8
Hiccups with traceability system rollout costing Washington state cannabis producers thousands
Problems with the rollout of Washington state’s new marijuana traceability system have cost producers tens of thousands of dollars in lost sales and contributed to dwindling cannabis inventories among retailers.…
News February 8
Israel hits pause on medical marijuana exports; Cronos exec not concerned
Israel Prime Minister Benjamin Netanyahu has suspended reforms on plans to allow cannabis growers to export their product due to concerns that MMJ could find its way to the black market. One…
News February 8
Tourism business opportunities await as Ontario mulls cannabis in hotels, lounges, RVs
Ontario is weighing recreational cannabis consumption in hotels, lounges and RVs, a move that would create a “‘potentially huge” new tourism industry in Canada’s most-populous province if the rules are…
News February 8
Tilray raises CA$60M to sharply boost global cannabis production
Tilray said it raised 60 million Canadian dollars ($47 million) in financing that will allow the licensed producer to ramp up marijuana production capacity nearly fivefold this year to meet…
News February 8
Grower could be first in New Mexico to lose medical marijuana license
The New Mexico health department is alleging that a medical marijuana grower submitted falsified audits and is taking steps to revoke the company’s license. Mother Earth Herbs denies it falsified audit reports…
News February 7
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