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Why cannabis banking reform alone won’t solve payment processing woes
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Judge rejects counterproposal for cannabis firm Fire & Flower sale process
A counterproposal by a syndicate of parties that opposed a proposed stalking-horse agreement between cannabis retailer Fire & Flower and its largest shareholder, an affiliate of convenience store operator Alimentation…
News July 6
Herbl collapse signals wider fallout in California marijuana industry
California-based marijuana distribution giant Herbl is going to the courts in a bid to recover some of the roughly $10 million it claims retailers owe the company, which fell into…
News July 6
Curaleaf buys Portuguese cannabis processing facility from Clever Leaves
A wholly owned subsidiary of New York-based marijuana multistate operator Curaleaf Holdings has acquired a processing facility in Portugal from Colombian cannabis company Clever Leaves.
News July 5
FTC, FDA ding delta-8 THC brands over ‘deceptive’ child-friendly packaging
The U.S. Federal Trade Commission and the Food and Drug Administration sent cease-and-desist letters to six companies that market delta-8 THC products “in packaging that is almost identical to many…
News July 5
Maryland adult-use marijuana sales eclipse $10 million over July 4 weekend
Maryland cannabis retailers reported more than $10 million in sales over the July Fourth weekend, the first in the newly expanded East Coast adult-use marijuana market.
News July 5
Cannabis producer Canopy hit with $0 price target by analyst
Beleaguered cannabis producer Canopy Growth received a $0 price target by Eight Capital on Wednesday after the Toronto-based financial firm said it is no longer appropriate to value the Canadian…
News July 5
Germany’s first cannabis bill to reach Cabinet this summer, report says
Germany intends to split its planned cannabis reforms into at least two separate draft laws, the first of which is expected to reach the federal Cabinet in mid-August.
News July 5
Marijuana ancillary company Agrify consolidates Nasdaq-listed shares
Marijuana industry cultivation and extraction solutions company Agrify Corp. consolidated its shares on a 20-to-1 basis in order to maintain its equity listing on the Nasdaq stock exchange.
News July 5
Cannabis irradiation poses quandary for growers, scares consumers
Cannabis cultivators are caught up in a dilemma about providing clean and safe product that has passed inspection for acceptable levels of microbial contaminants.
News July 5
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