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MariMed closes $5.3 million deal for shuttered Maryland marijuana store
Massachusetts-based marijuana multistate operator MariMed announced on Tuesday it closed a $5.3 million acquisition of Community Wellness & Compassionate Care Center, its second dispensary in Maryland.
News April 9Cannabis operator Tilray lowers 2024 expectations, eyes Canada tax savings
Canadian cannabis and beverage alcohol company Tilray Brands has lowered its financial guidance, reducing expectations for investors in its third-quarter earnings announcement.
News April 9Sun Theory marijuana operator acquires Terrapin’s Colorado stores
Sun Theory Holding Co., a Denver-based vertically integrated marijuana operator, acquired five of Terrapin Care Station's retail locations in Colorado for an undisclosed sum.
News April 9Ontario regulator fines Cannabis Xpress, alleges pay-to-play
Ontario's cannabis retail regulator, the Alcohol and Gaming Commission of Ontario (AGCO), fined Cannabis Xpress 200,000 Canadian dollars ($147,000) for allegedly violating the province's anti-inducement law for cannabis retailers.
News April 9Marijuana multistate operators continue to flee regulated state markets
Publicly traded marijuana multistate operators exited regulated cannabis markets through late 2023, continuing a pattern fueled by increased capital costs, high taxes and the slow pace of federal reform.
News April 9Decibel Cannabis’ former CEO Sze takes helm again
Canadian marijuana grower and manufacturer Decibel Cannabis Co. has appointed Benjamin Sze as CEO once again.
News April 8California issues tips to improve local marijuana business licensing
A California auditor has released several recommendations for better marijuana business licensing processes and policies by local municipalities.
News April 8Most smokable hemp has more THC than is legal, study says
An analysis of smokable hemp products found that 93% of tested samples contain more than 0.3% THC, which is the federal legal limit as outlined in the 2018 U.S. Farm…
News April 8Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar
The number of canceled cannabis business licenses has soared alongside the amount of “uncollectable” excise tax in Canada.
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