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Image of Chapter 15 bankruptcy application

What to do when your marijuana business goes up in smoke

Bankruptcy hasn’t been an option for most marijuana companies, but restrictions do not apply to Chapter 15, or foreign, insolvency proceedings.

News July 12
Image of $100 bills hanging on a cannabis plant.

Illinois races to $1 billion in cannabis sales faster this year than in 2023

Total cannabis sales in Illinois surpassed $1 billion for the second consecutive year. But it happened faster this year.

News July 11
Image of New York Gov. Kathy Hohul at a news conference with Christopher West, the first deputy superintendent of the State Police, and Jeanette Moy, the commissioner of the Office of General Services.

New York touts legal marijuana sales spike as new licenses issued

New York state’s ongoing quest to squash the illicit market and rescue its failed adult-use cannabis launch continued this week as regulators issued 109 more marijuana business licenses.

News July 11
Image of cannabis buds sitting atop $100 bills

Cannabis tech provider Lucid Green raises $1.4 million for expansion

Lucid Green, a cannabis supply-chain service provider based in New York, said it has raised $1.4 million to fund expansion into new markets.

News July 11
Image of hemp plants growing under a blue sky

Canadian hemp license numbers decline for third straight year

Active Canadian hemp licenses declined for the third year in a row with all provinces or territories showing double-digit permit declines from 2022.

News July 11
Image of a California hemp field

Congress asks FDA for hemp-derived cannabinoid powers in spending bill

An influential Republican-controlled House of Representatives committee passed a spending bill on Wednesday that addresses the proliferation of hemp-derived cannabinoid products.

News July 10
Image of a downward arrow depicting a business decline

Arkansas medical cannabis sales down $5.5 million in first half of 2024

Medical cannabis dispensaries in Arkansas recorded $135.5 million in sales from Jan. 1 to June 30 this year, down from $141 million during the same six-month period in 2023.

News July 10
Image of the U.S. House of Representatives at night

House Republicans pass budget bill that would block marijuana rescheduling

A committee in the Republican-controlled U.S. House of Representatives passed a budget bill on Tuesday that would disrupt the Biden administration’s move to reschedule marijuana.

News July 10
Sunset image, through two palm trees, of Miami skyline and bay

Florida’s Libertarian Party backs ballot measure legalizing adult-use cannabis

The Libertarian Party of Florida is throwing its weight behind a November ballot measure that would legalize adult-use cannabis, and recent polling suggests passage.

News July 10
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