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Medical marijuana company Better sues InterCure for $35 million

Medical marijuana company Cann Pharmaceutical, also known as Better, filed a countersuit against InterCure and its management team seeking $35 million in damages.

News June 16
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Opinion: 4 signs your cannabis customer is not going to pay you

Every month that you hold on to nonpaying debt from cannabis customers, the probability of collection is significantly reduced.

News June 16
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Law enforcement veteran appointed Delaware marijuana commissioner

Delaware Gov. John Carney installed longtime law enforcement official Robert Coupe as the state's first marijuana commissioner.

News June 15
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Cannabis producer Hexo’s accumulated losses surpass CA$2 billion

Canadian cannabis producer Hexo reported a total net loss before tax of 129.7 million Canadian dollars ($98 million) in the company’s third quarter, bringing accumulated losses since 2016 to more…

News June 15
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Key figure in flawed New York adult-use marijuana rollout quits regulatory board

A central figure in New York’s botched adult-use marijuana rollout on Thursday resigned from the state Cannabis Control Board.

News June 15
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Shareholders of cannabis firm Hexo approve Tilray takeover

Shareholders of Canadian cannabis producer Hexo Corp. approved Tilray’s court-accepted plan to acquire all the issued and outstanding common shares of the Quebec company.

News June 15
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Illinois minority-owned marijuana retailer raises $3 million for expansion

Socíale, a minority-owned marijuana retailer in Illinois, raised $3 million to fund its expansion plans in the state.

News June 15
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Canadian cannabis retailer High Tide narrows quarterly net loss to CA$1.6M

Major Canadian cannabis retail chain High Tide posted a net loss of 1.6 million Canadian dollars ($1.2 million) for its second quarter on revenue of CA$118.1 million.

News June 15
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Las Vegas marijuana consumption lounges encounter delays

Marijuana operators and consumers anticipating consumption lounges opening this summer in Las Vegas will probably have to wait.

News June 15
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