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Troubled cannabis company Canopy Growth raising $30 million

Hard-pressed Canadian cannabis company Canopy Growth Corp. is selling equity for cash, announcing a private placement of shares and warrants to raise $30 million.

News January 9
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Two-thirds of California marijuana labs can’t test flower after rule change

Less than one-third of California’s 37 licensed cannabis testing laboratories began the new year permitted to test marijuana flower and non-infused pre-rolls, state regulators told MJBizDaily.

News January 9
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Cannabis and accessories distributor Humble & Fume gets creditor protection

Humble & Fume, a Canadian cannabis and accessories distributor, received an initial creditor protection order and intends to go private.

News January 8
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Colorado enacts new laws and regulations for marijuana industry

New cannabis laws and regulations went into effect Monday in Colorado addressing online sales, intoxicating hemp products, testing and hospitality.

News January 8
Image of $100 bills hanging on a cannabis plant.

Cannabis MSO 4Front Ventures converts debt to equity, appoints new CEO

Arizona-based cannabis multistate operator 4Front Ventures hired a new CEO and plans to convert $23 million worth of its debt into equity.

News January 8
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Florida lawmaker proposes 10% THC cap on adult-use marijuana

If Florida voters legalize adult-use marijuana later this year, a Republican state lawmaker wants to ensure that only limited-potency cannabis will be allowed in stores.

News January 8
Image of cannabis plants hanging on a drying rack

Canada destroyed 3.7 million pounds of unsold, unpackaged cannabis since 2018

Canadian operators destroyed millions of packages of unsold cannabis products and a record amount of unpackaged dried flower in 2022 and the first half of 2023, largely because of years…

News January 8
Image of a cannabis retail store operated by Catalyst in Long Beach, California

Retail operator files lawsuit challenging California marijuana excise taxes

One of California’s largest cannabis retail chains is challenging an emergency rule change that state tax collectors implemented in December to vastly expand the scope of marijuana excise taxes.

News January 5
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Alabama medical cannabis launch blocked again

An Alabama judge this week halted the state’s latest efforts to issue medical cannabis licenses.

News January 5
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