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Forian exits marijuana industry with $30 million sale of BioTrack to Alleaves

Technology company Forian said it is selling cannabis software provider BioTrack for $30 million in cash to Alleaves and exiting the marijuana industry to focus on health care.

News February 13
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MA extends allowances for curbside cannabis pickup, telemedicine

Massachusetts regulators renewed COVID-19 pandemic-era permissions for medical marijuana patients to use curbside pickup and video-chat appointments to renew their recommendations.

News February 13
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Connecticut AG takes action against delta-8 THC sellers

Connecticut's attorney general is suing five store operators for allegedly selling products containing delta-8 THC.

News February 13
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Canadian cannabis company Aleafia Health reports job cuts in latest quarter

Ontario, Canada-headquartered cannabis company Aleafia Health said it cut its "full-time equivalent" staff head count by 20% during the quarter ended Dec. 31 as part of a push to reduce…

News February 13
Chart of cannabis capital rasies by sector 2017-22.

High cost of raising capital in marijuana industry expected to continue in 2023

Many marijuana companies seeking capital are expected to find limited pickings and costly terms this year, providing little relief from 2022, when the amount of money ponied up by investors…

News February 13
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2 more adult-use cannabis operations set to open in New York

Two more licensed adult-use cannabis operations are set to open in New York, including the first outside Manhattan.

News February 10
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Adult-use marijuana bill filed in Arkansas; MMJ push renewed in Kansas

Lawmakers in Arkansas and Kansas this week introduced bills to legalize adult-use and medical marijuana, respectively - another sign of MJ legalization’s support in conservative Republican-leaning states.

News February 10
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Cannabis MSO Ayr Wellness to sell recently acquired Arizona assets

Miami-based multistate marijuana operator Ayr Wellness is divesting its recently acquired Arizona assets and entering the Ohio market.

News February 10
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Colorado reports 2022 marijuana sales down more than 20% from 2021

Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state's medical and recreational sales total for the year to almost…

News February 10
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