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Montana governor signs marijuana licensing moratorium extension into law

Montana’s adult-use marijuana industry will remain closed off to new entrants for at least two more years.

News May 25
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Lowell Farms sells cannabis processing plant for $19 million in leaseback deal

Vertically integrated California cannabis operator Lowell Farms sold its Monterey County processing plant for $19.4 million to New Wilston Associates and entered a leaseback agreement with the company.

News May 25
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Oregon marijuana retail chain Chalice Farms seeks receivership

Canadian holding company Chalice Brands, doing business as Chalice Farms, filed court documents asking to place five of its Oregon subsidiaries under receivership.

News May 25
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Unpaid cannabis tax in Canada balloons to almost CA$200 million

The amount of unpaid federal excise tax owed by Canada’s cash-strapped licensed cannabis producers more than tripled in the latest fiscal year from a year earlier as companies complain they’re…

News May 25
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Ohio lawmakers reintroduce recreational marijuana bill as ballot drive continues

A bipartisan group of Ohio state lawmakers reintroduced a recreational marijuana legalization bill this week.

News May 24
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MA scratches pilot program for cannabis consumption spaces before launch

Massachusetts regulators scrapped a pilot program to establish cannabis cafes in 12 municipalities, likely ending the potential for consumption spaces to open in the state this year.

News May 24
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Nasdaq gives marijuana tech firm Agrify another warning

The Nasdaq stock exchange sent another warning to Agrify Corp., this time notifying the marijuana technology company it didn't file its first-quarter results on Form 10-Q on time.

News May 24
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Fewer research analysts covering cannabis underscores industry woes

Fewer research analysts are covering the U.S. cannabis industry, which experts say reflects the challenging economic headwinds facing the industry, including high taxes, high interest rates, rock-bottom stock prices and…

News May 24
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Marijuana cultivator Bright Green secures $3.5 million private placement

An institutional investor has agreed to buy more than 3 million shares in Florida-based marijuana cultivation company Bright Green Corp.

News May 23
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