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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 9
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Cannabis 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 9
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Sun 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 9
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Ontario 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 9
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Marijuana 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 9
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Decibel 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 8
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California 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 8
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Most 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 8
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Canada’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.

News April 8
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