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Why cannabis banking reform alone won’t solve payment processing woes
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Aurora Cannabis sells Sun production facility to Bevo Farms
Canadian marijuana producer Aurora Cannabis closed on the sale of its enormous Sun greenhouse to Bevo Farms, although the exact value of the transaction was not disclosed.
News July 24
Washington state lifts growing restrictions on 4 marijuana farms
Washington state regulators have lifted restrictions against four licensed cultivators that have been prohibited from growing marijuana since April for pesticide contaminations.
News July 24
Nevada cannabis companies cite big wins from legislative session
Nevada cannabis operators and other stakeholders lobbied for structural changes to the state’s adult-use and medical marijuana programs, and the legislature answered by approving several industry-friendly bills in the recently…
News July 24
Albania passes medical marijuana law
The Albanian parliament has passed a law to lay the legal and regulatory foundation for a medical and industrial cannabis industry.
News July 21
Cannabis brand Cookies sued by another investor group
More Cookies investors have sued the cannabis industry darling, claiming the prominent California-based marijuana brand mismanaged their $15.5 million through “multimillion dollar kickbacks and other self-dealing” that benefited company founders…
News July 21
Marijuana MSO Cresco Labs alleges GTI poached key employee
A lawsuit filed in Illinois by Chicago-based marijuana multistate operator Cresco Labs alleges rival Green Thumb Industries (GTI) stole one of its high-level employees.
News July 21
Canadian adult-use cannabis sales edge up to CA$415.6M in May
Canada's regulated recreational marijuana retailers sold 415.6 million Canadian dollars ($314.7 million) worth of cannabis in May, a 1.2% increase over April, with the province of Quebec posting the largest…
News July 21
Marijuana MSO Parallel exiting Pennsylvania market
Struggling multistate operator Parallel is exiting the Pennsylvania medical marijuana market, throwing more than 70 employees out of work amid financial and legal woes.
News July 21
Opinion: An alternative to bankruptcy for distressed cannabis businesses
U.S. bankruptcy courts will not provide protection to businesses that work with marijuana. Receivership is often employed as a bankruptcy alternative.
News July 21
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