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California marijuana executive sentenced to 22 months in prison
California marijuana entrepreneur Helios Dayspring was sentenced to 22 months in federal prison after pleading guilty to bribery and tax evasion.
News June 1
Aurora Cannabis closes bought deal financing, yielding $172.5 million
Canadian marijuana producer Aurora Cannabis said it received gross proceeds of $172.5 million from a bought deal offering after the underwriters' over-allotment option was fully exercised.
News June 1
Marijuana multistate operators see sluggish revenue, losses in first quarter
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary…
News June 1
Cannabis tech firm Akerna cuts 59 employees as part of restructuring
Akerna, a Denver-based cannabis compliance software company, is implementing a financial restructuring plan that includes reducing its workforce by 59 employees, or a third, and cutting operating costs by $440,000…
News May 31
Connecticut scraps municipal limit on marijuana retail stores, small grows
Connecticut legislators removed a rule that limited the number of marijuana micro-grows and retail operations in a municipality, opening up the zoning options for towns and cities in the state.
News May 31
Illinois judge lifts court order, paving way for 185 new cannabis retail licenses
An Illinois judge has lifted a court order standing in the way of 185 new business licenses being issued for recreational cannabis stores.
News May 31
States struggle to set rules for hemp intoxicants such as delta-8 THC
Many U.S. states considered new laws to regulate hemp-derived intoxicants such as delta-8 THC this year, but few settled on how to do it.
News May 31
Detroit finally awards first recreational marijuana license to grower
Detroit finally issued its first recreational cannabis business license - more than two years after the process started.
News May 27
Canopy loses CA$578 million in quarter as cannabis revenue plunges
Canadian cannabis producer Canopy Growth lost another 578.6 million Canadian dollars ($454 million) in its fourth fiscal quarter for the period ended March 31 as its adult-use sales collapsed 36%…
News May 27
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