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The cannabis industry is having a price compression crisis. What’s the solution?
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Virginia House panel blocks measure to speed up recreational cannabis sales
Virginia’s House Republicans killed legislation that would have allowed existing medical cannabis operators and certain hemp companies to begin selling recreational marijuana in mid-September instead of waiting until January 2024.
News February 28
Marijuana MSO Curaleaf aims to end talk of US sanctions for Russian ties
Curaleaf Holdings is taking steps to head off speculation on social media that the marijuana multistate operator will be subject to U.S. economic sanctions because of its ties to Russia.
News February 28
Cannabis firm Flora Growth acquires JustCBD wellness brand for $16M, shares
Marijuana cultivator and product manufacturer Flora Growth acquired CBD brand JustCBD for $16 million plus 9.5 million privately issued shares.
News February 28
WA legislators weigh ban on delta-8, other hemp-derived products
Lawmakers in Washington state are considering a last-minute bill that would prohibit intoxicating hemp-derived products such as delta-8 THC from being manufactured or sold in the market, including by licensed…
News February 28
MedMen sells Florida medical cannabis license, assets for $83 million
California-based MedMen Enterprises said Monday it is exiting the Florida medical cannabis market with the sale of its business license and all its assets for $83 million.
News February 28
California localities extend tax relief to marijuana companies in absence of state action
Since state lawmakers have been slow to lower marijuana taxes, local governments throughout California are scrambling to grant tax relief to cannabis businesses. The tax rollbacks by cities and counties…
News February 28
Colorado cannabis company seeks full appellate review in IRS case
A Colorado medical cannabis dispensary is persisting in its protracted court battle with the IRS and even included a reference to a U.S. Supreme Court justice.
News February 25
Maryland House passes legislation to put recreational marijuana on Nov. ballot
Maryland's House of Delegates passed two bills Friday that would give state voters the opportunity to decide in November whether to legalize recreational marijuana possession and use for those 21…
News February 25
South Dakota adult-use cannabis bill faces ‘tough path’ in House, gov’s office
The South Dakota House Majority Leader says an adult-use cannabis legalization bill faces a "decently tough path going forward" in the state House of Representatives.
News February 25
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