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Goodness Growth seeks $860 million from Verano in failed marijuana acquisition

Marijuana multistate operator Goodness Growth is seeking $860.9 million in damages from Verano Holdings Corp., alleging breach of contract after the latter terminated its agreement to acquire Goodness Growth Holdings.

News May 29
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Lawmakers OK transfer of Louisiana’s 2 cannabis grow permits to private entities

Louisiana’s GOP-led Legislature has sent a bill to the state's Republican governor that would transfer the state’s two medical cannabis cultivation licenses from public universities to private companies.

News May 28
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Biden drug czar hints at interstate commerce if marijuana is rescheduled

Marijuana rescheduling could allow for “legitimate interstate commerce within the federal system,” the Biden administration’s drug czar said in a recent interview.

News May 28
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New York cannabis chief resigns in wake of criticism

Chris Alexander has resigned as executive director of New York's Office of Cannabis Management rather than finish out his term.

News May 28
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Marijuana lab testing accuracy improving, study in new science journal finds

Marijuana testing labs’ ability to detect pesticides on plant material improved over the course of a four-year study.

News May 28
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New York court issues record $15 million fine to unlicensed cannabis operator

A New York court has ordered David Tulley to pay a $15.2 million fine for operating six unlicensed cannabis stores in Cayuga, Oswego and Wayne counties, the largest penalty levied…

News May 24
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State-run marijuana sales model passes New Hampshire Senate

Adult-use marijuana legalization cleared the New Hampshire Senate, but more needs to be done before the state sees legal sales.

News May 24
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Cannabis tech company Agrify converts $13.8M in debt to equity to pacify Nasdaq

Cannabis technology company Agrify Corp. converted roughly $13.8 million in debt to equity to regain compliance with Nasdaq's stock listing rules.

News May 24
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Marijuana rescheduling could usher in greener cultivation practices

Could rescheduling marijuana bring about changes that help reduce the energy that commercial cannabis cultivators use and improve the environmental impact of the industry overall?

News May 24
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