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Illinois issues 48 craft grower marijuana licenses to boost social equity

Illinois marijuana regulators awarded 48 additional craft grow licenses in an additional step to diversify the industry.

News June 2
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Strategies for growing cannabis across different state markets

Companies that cultivate cannabis in multiple states must use different strategies depending on a market's maturity, the climate and what consumers will pay for the products.

News June 2
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Lessons from Aurora Cannabis’ bought deal financing

Aurora Cannabis has arranged new financing via a “bought deal.” What is that, and is it important to all cannabis entrepreneurs or just the large operators? Let’s take the deal…

News June 1
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Marijuana MSO Curaleaf faces class action claim over mislabeled drops

A 77-year-old Oregon resident sued marijuana multistate operator Curaleaf Holdings, seeking class action status for hundreds of consumers who bought Select CBD wellness drops last summer that instead contained “substantial…

News June 1
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Deadline nears to weigh in on FDA cannabinoid supplement review

Cannabinoid manufacturers have less than a week to submit data and comments to U.S. health regulators considering whether to allow extracts such as CBD into foods and dietary supplements.

News June 1
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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
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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
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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
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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
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