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Second Delaware bill to legalize adult-use marijuana loses in House vote
A second bill to create an adult-use marijuana industry in Delaware failed in the House by one vote when a lawmaker fell ill.
News May 20
FDA chief ‘very committed’ to making progress on CBD, other cannabinoids
The head of the U.S. Food and Drug Administration says he is "very committed" to making progress on CBD but says his agency needs more authority to do so.
News May 20
Canadian cannabis producer Canopy Growth shuts ESG unit in latest layoffs
Canopy Growth Corp. dissolved the Social Impact and Advocacy team, which led the company's environmental, social and governance (ESG) strategy, during its latest round of cost-cutting layoffs.
News May 20
Marijuana MSO Ascend Wellness borrows additional $36.5 million
Marijuana multistate operator Ascend Wellness Holdings tacked on $36.5 million of additional borrowing to its existing senior secured credit facility.
News May 20
Massachusetts House votes in favor of reforming cannabis social equity
Lawmakers in the Massachusetts House joined their Senate counterparts in approving legislation to promote greater diversity in the state's licensed cannabis industry.
News May 19
$140 million Colorado marijuana ownership dispute revived by judge
A Denver judge has thrown out a $140 million arbitration award granted to founders Josh Ginsberg and Rhett Jordan, who were challenging an attempted sale by owner/investor Peter Knobel and…
News May 19
Cresco Labs secures $38 million tax breaks for New York cannabis facility
Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.
News May 19
California gov’s marijuana tax plan fails to fix key problems, industry officials say
California Gov. Gavin Newsom's proposal to eliminate the state cultivation tax on marijuana is a welcome move, according to industry officials. But they argue the governor's plan fails to go…
News May 19
Canopy inks option deal to buy CA cannabis extractor for at least $69M
Smiths Falls, Ontario’s Canopy Growth Corp. entered a deal giving it the right to buy California-based Jetty Extracts for at least $69 million (89 million Canadian dollars) in cash and…
News May 18
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