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The cannabis CEO behind a $2.1 billion sale bets again, but smaller
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‘Croptober’ pushes Canada’s cannabis inventories to record 1.4 billion grams
Canadian cannabis cultivators produced a record amount of marijuana during last fall's “croptober” - when most of the outdoor harvest comes in - despite falling retail prices and already-bulging inventories.
News August 9
Delta-8 THC hemp products are legal in Kentucky, judge rules
A Kentucky judge has sided with the state hemp industry over law enforcement, ruling that products containing delta-8 THC derived from hemp are legal, a hemp trade association said in…
News August 8
Pennsylvania medical cannabis company lays off 55 workers, calls for relief
Pennsylvania medical cannabis grower and processor Calypso Enterprises is calling on the state to provide "equitable relief" for independent marijuana companies after it laid off 55 workers at its facility…
News August 8
Marijuana MSO Parallel faces financial hurdles after $1.9B SPAC deal collapses
William "Beau" Wrigley Jr. and his Parallel marijuana company face litigation over a failed merger with Scooter Braun's Ceres Acquisition Corp.
News August 8
Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s "value" cannabis sales declined as part of its business transition to "premium" products.
News August 5
Key senator open to compromise, hopeful of some US marijuana reform
U.S. Sen. Cory Booker said this week he would support cannabis banking reform separate from a comprehensive federal legalization bill as long as the banking measure includes a “restorative justice”…
News August 5
New Mexico posts best month of cannabis sales with $40.3 million in July
New Mexico's cannabis market is gathering steam, with sales figures for July the strongest since the adult-use program launched in April.
News August 5
Vermont accepting recreational marijuana business license applications
Vermont has begun accepting license applications for all types of recreational marijuana businesses, including retailers, growers, manufacturers and testing labs.
News August 5
Las Vegas cannabis industry preps for launch of consumption lounges
Now that final regulations have been issued for marijuana consumption lounges to begin operating in Nevada, Las Vegas cannabis executives are gearing up to lure customers off the Strip and…
News August 5
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