MJBizDaily

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How to tell if cannabis contracts are at risk of being declared invalid

Curaleaf Holdings is evading a $31.8 million judgment after arguing in federal court that cannabis contracts are federally illegal and can't be enforced. Broader instability could follow.

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Latest Posts

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Ontario eyes CA$600 million cannabis windfall, pledges online crackdown

Ontario’s provincial government is budgeting for a record windfall of more than 600 million Canadian dollars ($442 million) in the next fiscal year from cannabis wholesale profits and its portion…

News March 27

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Republican senators oppose marijuana rescheduling based on global treaties

Moving marijuana to Schedule 3 of the Controlled Substances Act, as Biden administration health officials have recommended, violates U.S. promises to other countries.

News March 27

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AFC Gamma provides $34 million to Sunburn Cannabis in debt capital

Marijuana industry lender AFC Gamma provided $34 million in debt capital to Florida-based dispensary operator Sunburn Cannabis.

News March 27

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Ayr Wellness boosts Florida marijuana cultivation facility mortgage by $8.4M

Marijuana multistate operator Ayr Wellness is increasing by $8.4 million the size of an existing mortgage on a cultivation facility in Gainesville, Florida.

News March 27

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Canadian cannabis producer Organigram enters US, plans CA$25 million raise

Organigram Holdings has dipped into its strategic investment pool to pick up a minority stake in Roxboro, North Carolina-based Open Book Extracts as part of its plan to target emerging…

News March 27

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Cookies cuts ties with its lone San Francisco marijuana store

The Cookies marijuana brand terminated the licensing agreement it had with Berner’s on Haight, an adult-use store in San Francisco.

News March 27

USDA approves genetically modified hemp strain that’s THC- and CBD-free

The U.S. Department of Agriculture has approved a genetically modified hemp strain without THC or CBD that could help hemp farmers reduce waste.

News March 26

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Massachusetts cannabis regulator expanding ‘secret shopper’ program

Massachusetts' Cannabis Control Commission (CCC) is reportedly working to expand a "secret shopper" program as it tries to regulate issues with marijuana packaging and labeling compliance.

News March 26

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Calling marijuana a ‘gateway drug,’ House GOP opposes banking reform

Congressional Republicans should oppose marijuana reform, including banking protections, because MJ is a “dangerous, addictive … gateway drug,” according to a GOP policy memo.

News March 26