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SEC alleges data inflation, fines parent of cannabis ad platform Weedmaps $1.5M
The U.S. Securities and Exchange Commission has fined the parent company of cannabis advertising platform Weedmaps $1.5 million for allegedly misstating user metrics leading up to its 2021 sale and…
News September 27
Kentucky’s first medical marijuana business license goes to a testing lab
A cannabis testing laboratory is Nicholasville, Kentucky, is the first business to receive a license under the state’s medical marijuana program, which is supposed to launch next year.
News September 27
Cannabis brand West Coast Cure asks court to toss pesticide-spurred lawsuit
The parent company of West Coast Cure, one of California’s largest and most well-known marijuana brands, has filed a petition to dismiss a class action lawsuit that claims the operator…
News September 27
Congress should clarify hemp-derived cannabinoids fall under CSA, report says
Congress ought to "state clearly" that hemp-derived THC and other intoxicating cannabinoids extracted from hemp are subject to the Controlled Substances Act (CSA), according to a new report sponsored by…
News September 27
Pelorus seeks receivership for cannabis operator StateHouse Holdings
Pelorus Fund REIT is asking a California court to place StateHouse Holdings into receivership after the vertically integrated cannabis operator defaulted on four loans.
News September 27
How likely is passage of Florida’s adult-use marijuana legalization measure?
With little over a month to go before the national election, polls show the future of Florida adult-use cannabis balanced on a knife’s edge.
News September 27
Los Angeles County seeks to halt online ads for unlicensed cannabis stores
Los Angeles County officials approved a motion to push for popular online platforms such as Google and Yelp to stop listing unlicensed cannabis stores.
News September 26
Marijuana legalization ‘an issue for the states,’ Democratic VP candidate says
Minnesota Gov. Tim Walz, the Democratic nominee for vice president, declined to endorse nationwide marijuana legalization in a recent interview.
News September 26
Cannabis sales in Canada hit yearly high of CA$440 million in July
Canada’s cannabis retail sales grew for the fifth consecutive month in July, topping 440 million Canadian dollars ($326.7 million) to reach the highest level so far in 2024.
News September 26
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