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Michigan sets monthly marijuana sales mark with $210 million in July

Michigan marijuana retailers hit a new benchmark of nearly $210 million in total sales for July, the best month yet for the program.

News August 18
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Federal judge nullifies Maine residency requirement for cannabis owners

A federal judge threw out a Maine law that required all licensed cannabis company owners to be state residents, opening up both the medical and recreational markets to out-of-state business…

News August 18
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Marijuana retailer High Tide signs downsized CA$19 million credit facility

Canadian cannabis retail chain High Tide secured a credit facility worth 19 million Canadian dollars ($14.7 million) from Alberta credit union ConnectFirst.

News August 18
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New Mexico recreational cannabis supply challenges ease as production ramps up

More recreational cannabis cultivation production is coming online in New Mexico, and new retailers are establishing the connections they need to secure supply. At the same time, some warn that…

News August 18
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Don’t let commoditization in the cannabis industry get you down

These are wonderful times for economists to fret about recession and for doomsayers to point at slowdowns, consolidation and commoditization in the cannabis industry.

News August 17
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Florida recreational marijuana ballot measure gets industry pushback

A proposed ballot measure to legalize recreational marijuana in Florida in 2024 has triggered harsh criticism from within the industry, signaling ongoing divides over how adult-use markets should be structured.

News August 17
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Guyanese Parliament approves industrial hemp legislation

Lawmakers in the small South American nation of Guyana passed an industrial hemp law that decriminalizes hemp cultivation and paves the way for a licensed industry.

News August 17
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California marijuana CEO ousted, fined $2.4 million for illegal cultivation

A former executive of several marijuana businesses in California has been ousted and ordered by a judge to pay $2.4 million in fines for unlicensed cultivation.

News August 17
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Metrc nabs Alabama medical cannabis tracking contract

Florida-based seed-to-sale traceability company Metrc signed a contract to provide track-and-trace services to Alabama's medical marijuana program.

News August 17
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