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The cannabis CEO behind a $2.1 billion sale bets again, but smaller
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SQDC ratifies agreement with some Quebec cannabis store workers
Quebec's government-owned Société québécoise du cannabis (SQDC) cannabis retail monopoly ratified an agreement in principle with a group of workers represented by one union, although a strike by workers represented…
News June 28
Delta-8 THC retailer sues Kansas over product seizures
A delta-8 THC retailer in Kansas is suing state officials for telling law enforcement that hemp-derived intoxicants are illegal drugs.
News June 28
Rhode Island, Mississippi, Maryland lead 2022 marijuana legalization via legislatures
Marijuana legalization advocates have had mixed success so far this year in statehouses across the country. They've scored legislative victories in Rhode Island, Mississippi and Maryland, laying the groundwork for…
News June 28
Fitch downgrades Canopy Growth, citing cannabis market-share losses
Fitch Ratings downgraded Canadian cannabis producer Canopy Growth to CCC, the agency's fifth-lowest rating, and warned of potential further negative actions.
News June 28
California bill would kill marijuana cultivation tax, keep excise tax at 15%
A California state budget trailer bill unveiled this week finalized language regarding cannabis tax issues that have been hotly debated for months, and it appears the industry might have scored…
News June 27
12 bid for Black farmer medical cannabis license in lucrative Florida market
Florida regulators received a dozen applications and some confusion over a lucrative vertically integrated medical cannabis license reserved for a Black farmer.
News June 27
Boston-area lawyer indicted for marijuana-related bribery attempt
A Boston-area attorney has been indicted for allegedly trying to bribe a municipal police chief in a "pay-to-play scheme" that could have won a local marijuana business permit for a…
News June 27
iAnthus closes cannabis recapitalization deal with $25 million more of financing
Cannabis multistate operator iAnthus Capital Holdings closed a previously announced restructuring and recapitalization deal, then disclosed $25 million in new financing via senior secured notes.
News June 27
Denver marijuana retail chain shuttered over back taxes before planned closure
A chain of Denver marijuana stores that initially said it would be shutting down because of economic conditions was closed early by the city for alleged nonpayment of taxes.
News June 27
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