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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 2Strategies 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 2Lessons 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 1Marijuana 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 1Deadline 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 1California 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 1Aurora 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 1Marijuana 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 1Cannabis 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…
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