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Cocaine announcement by marijuana company Adastra leads to lawsuit

Canada-based Adastra Holdings faces a proposed class action lawsuit from a shareholder who alleges the cannabis company made "misleading statements about (its) ability to legally sell cocaine."

News March 21

Image of a lab worker testing cannabis with a test tube and eye dropper.

Canadian cannabis industry reckons with inflated THC label claims

Potency testing on store-bought cannabis flower by a Canadian laboratory has found THC levels significantly lower than the labeled value, sparking an industrywide conversation about how to address inaccurate THC…

News March 21

Detroit’s first Black-owned, ‘legacy’ marijuana retailer opens

The first Black-owned marijuana retailer with a social equity retail license opened Saturday in Detroit, four years after the Michigan city approved recreational cannabis sales.

News March 20

Image of delta-8 blue raspberry gummies and hemp leaves

Kentucky is latest state to impose delta-8 restrictions

Delta-8 THC products sold in Kentucky after Aug. 1, 2023, will be subject to product testing, labeling and age-restriction requirements under a bipartisan bill passed by both chambers of the…

News March 20

Image depicting a diverse group of women

Opinion: 5 steps to close the marijuana industry’s C-suite gender gap

In an industry that once had an unusually high percentage of female CEOs, the marijuana sector now has fewer women in leadership positions than the U.S. average.

News March 20

Image of miniature people standing on a wooden platform as a businessman assesses which one should be in top spot.

Cannabis MSO MariMed CEO’s sudden death shows need for succession plan

Mere months before Robert Fireman died suddenly in December, the co-founder and former CEO of Massachusetts-based MariMed shook up the cannabis company's management team and created a succession plan.

News March 20

Image of Kentucky state capitol building

Medical marijuana legalization advances in Kentucky, dies in Kansas

Kentucky is on track to legalize medical marijuana after a bill passed in the state Senate, but an MMJ measure in Kansas is essentially dead.

News March 17

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