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US, Canadian cannabis stocks rally after rescheduling report

Cannabis stocks surged Tuesday afternoon on the news that the U.S. Drug Enforcement Administration (DEA) intends to reclassify marijuana to Schedule 3 of the Controlled Substances Act.

News April 30
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DEA signs off on marijuana rescheduling, report says, but process not done yet

Tuesday’s revelation that the U.S. Drug Enforcement Administration will loosen federal restrictions on marijuana has major implications for the American cannabis industry.

News April 30
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Cannabis retailer Schwazze settles $525,000 budtender wage-theft claim

A Denver-based cannabis multistate operator has settled a lawsuit in New Mexico with budtenders who claimed wage theft and is facing a similar case in its home state of Colorado.

News April 30
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Arkansas medical marijuana sales worth $22.7 million in March

Registered medical marijuana patients in Arkansas spent $22.7 million to buy 6,069 pounds of cannabis in March.

News April 30
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MedMen receiver sets date to meet with creditors after cannabis MSO’s bankruptcy filing

Creditors of cannabis operator MedMen Enterprises will meet in a few weeks as investors seek repayment for hundreds of millions of dollars in outstanding debt.

News April 30
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Kansas Senate quashes effort to force debate on medical marijuana bill

The latest effort to legalize medical marijuana in Kansas has been halted by the Republican-controlled state Senate.

News April 29
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Auditor KPMG dumping cannabis clients over ‘elevated risk’

KPMG in Canada has decided to cease providing financial-statement audit services to businesses in the cannabis industry, marking an incredible turnaround for a company that had raked in millions from…

News April 29
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North Dakota recreational marijuana ballot attempt gets green light

A North Dakota group can move forward with an attempt to put recreational marijuana on the state ballot in November after the campaign received approval from the secretary of state.

News April 29
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‘They’re taking all of our cannabis,’ New Mexico gov says of Homeland Security

New Mexico Gov. Michelle Lujan Grisham says she was expressing her “frustration with federal interference” in her state’s regulated cannabis industry when she criticized the head of the U.S. Department…

News April 29
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