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Why cannabis banking reform alone won’t solve payment processing woes
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Maryland marijuana operators prep for launch of $2 billion adult-use market
Cannabis industry executives and other stakeholders have high expectations regarding Maryland’s launch of adult-use marijuana sales, which kick off Saturday. And for good reason.
News June 28
New York initiates massive crackdown on unlicensed cannabis retailers
The first two weeks of ramped-up enforcement in New York led to 33 inspections, dozens of violations and the seizure of 1,000 pounds of illicit cannabis products.
News June 27
Alleged leader of $13 million illegal marijuana ring claims federal protection
An attorney for the alleged mastermind of an illegal interstate marijuana operation based in Maine claimed that a Congressional act intended to shield legal marijuana businesses from federal prosecution also protects…
News June 27
Minnesota distributor draws fine over ‘illegal’ THC products
Minnesota's pharmacy board has disciplined a company for allegedly selling "illegal" cannabis products containing more than the permitted amount of THC.
News June 27
How big is California’s legal marijuana market? Think a small nation
Even with the recent financial and tax woes roiling California’s marijuana industry, there's little doubt that it remains the world's largest cannabis market.
News June 27
Alabama judge extends deadline for medical cannabis license appeals
Applicants denied an Alabama medical cannabis business license have until July to appeal, thanks to a judge's ruling.
News June 26
Oklahoma medical marijuana supply far exceeds demand, report says
Supply in Oklahoma’s medical marijuana market is at least 32 times higher than patient demand, helping fuel underground sales nationwide, according to a new study.
News June 26
Cannabis operator TerrAscend ups private placement to $20 million
North American cannabis multistate operator TerrAscend is increasing its previously announced equity and debenture offering from $15 million to $20 million.
News June 26
Marijuana MSO Ayr Wellness to defer paying $69 million in debt obligations
Multistate marijuana company Ayr Wellness has reached agreements to defer by two years principal or amortization payments on debt obligations worth roughly $69 million.
News June 26
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