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Adult-use marijuana legalization appears dead in Pennsylvania – again
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Cannabis producer Hexo trims loss, but sales plummet
Cannabis producer Hexo reported a lower loss for the quarter ended Jan. 31, 2023, but the Gatineau, Quebec-based company’s sales took a nosedive, according to its quarterly report.
News March 17
Police in California city seize 1,500 pounds of illegal marijuana products
Police in Pomona, California, are investigating a business where they found 1,500 pounds of unlicensed marijuana products as well as electronic casino gaming consoles.
News March 17
SEC charges cannabis firm American Patriot Brands with fraud
The U.S. Securities and Exchange Commission has charged Nevada-based cannabis company American Patriot Brands with fraud in a "long-running scheme" in which the company raised more than $30 million from…
News March 17
Marijuana tech firm Leafly lays off 40 workers as annual revenue rises 10%
Marijuana e-commerce platform Leafly Holdings this week laid off another 40 employees, or 21% of its workforce, a day before reporting its full-year and fourth-quarter financial results.
News March 17
Opinion: What the demise of Silicon Valley Bank means – and does not mean – for cannabis finance
Any disruption to the economy - particularly when it involves banks - is disconcerting and potentially impactful to the cannabis industry.
News March 17
Marijuana MSOs sue New York over adult-use retail license delay
Multistate operators with New York medical cannabis licenses sued regulators on Thursday in an attempt to gain quick entry into the state's adult-use marijuana market.
News March 16
Ontario Chamber of Commerce calls on province to allow cannabis lounges
The largest provincial business advocacy body in Canada is calling on the Ontario government to allow cannabis consumption establishments as part of efforts to modernize and champion the sector.
News March 16
Arkansas cannabis grower suing insurer after claim denied
A medical cannabis grower and distributor in Arkansas is suing its insurance company for $300,000 after the insurer denied the cultivator's claim.
News March 16
Kris Krane returns to marijuana MSO 4Front Ventures with board seat
Longtime cannabis industry executive Kris Krane is rejoining 4Front Ventures, the multistate marijuana company he co-founded, as a member of the board of directors.
News March 16
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