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Cannabis producer CannTrust changes name to Phoena
Canadian cannabis producer CannTrust Equity has changed its name to Phoena Holdings.
News May 4
Licensed marijuana sales in 2021 eclipsed coffee giant Starbucks
Regulated cannabis sales in the United States have outstripped the coffee giant’s North American sales by at least a third, according to the 2022 MJBiz Factbook.
News May 4
Former US House Speaker Boehner sued over marijuana lobbying group
Former U.S. House Speaker John Boehner allegedly breached a contract with another prospective marijuana lobbying group to form the National Cannabis Roundtable, according to a lawsuit last month in Washington…
News May 3
Connecticut moves to restrict cannabis advertising on border
Connecticut lawmakers are looking to place stricter restrictions on marijuana advertising, including barring billboard ads from marijuana retail stores along the Massachusetts border.
News May 3
Scotts Miracle-Gro sees cannabis supply sales decline, buys nutrient brand
Lawn and garden products giant Scotts Miracle-Gro reported a 44% year-over-year quarterly sales decline in its cannabis-focused Hawthorne Gardening Co. division, as well as Hawthorne's acquisition of Australian hydroponic nutrient…
News May 3
New York state reminds hemp industry that THC isomers off-limits
New York cannabis regulators are stepping up efforts to stamp out THC isomers derived from hemp, sending a warning letter that delta-8 and delta-10 THC products derived from hemp are…
News May 3
Economic challenges may extend US marijuana stock woes
The fierce bear market gripping U.S. marijuana stocks looks set to continue - barring a major legislative surprise emerging from the halls of Congress.
News May 3
$600 million suit against marijuana MSO Acreage can proceed
A $600 million lawsuit targeting multistate marijuana operator Acreage Holdings can proceed to trial, a New York state judge ruled after holding hearings on the case.
News May 2
Marijuana lender AFC Gamma gets $60 million revolving loan from 2 banks
Marijuana industry lender AFC Gamma has announced a revolving credit facility worth at least $60 million from two federally insured banks.
News May 2
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