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Canadian cannabis giant SNDL claims to be world’s largest after Parallel takeover
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New York targets illegal practice of marijuana ‘gifting’
New York regulators are cracking down on unlicensed marijuana companies engaged in "gifting." a practice in which businesses allegedly sell a product or service and give away cannabis in return.
News February 10
South Carolina Senate passes medical cannabis bill; House up next
South Carolina’s state Senate passed a restrictive medical cannabis legalization bill by a 28-15 vote, but it’s unclear how the measure will fare in the House.
News February 10
Detroit to revisit recreational marijuana licensing process
The Detroit City Council is poised to restructure its recreational marijuana licensing system with a new ordinance to govern the process after a U.S. district judge last year ruled that…
News February 10
Nasdaq grants cannabis firm Sundial extension to regain compliance
Canadian cannabis producer Sundial Growers has been given a 180-day reprieve to regain compliance with the Nasdaq market’s minimum bid price requirement.
News February 10
Limited-license marijuana markets hamper diversity and equity, study says
Twenty-seven states have limited-licensing schemes that lead to the lack of diversity in the marijuana industry, according to a new study on equity, underscoring a growing debate about how best…
News February 10
Michigan court case a partial win for testing lab in cannabis recall fight
A Michigan testing lab scored a partial victory when a state judge affirmed that regulators were wrong to issue a broad cannabis product recall in November. However, the judge also…
News February 9
Why IIP canceled a cannabis notes issue + NY adult-use permits in jeopardy
Innovative Industrial Properties (NYSE: IIPR), the largest REIT focused on the cannabis industry, on Feb. 1 announced a $300 million, six-year senior unsecured note offering at its IIP Operating Partnership…
News February 9
Missouri must disclose medical marijuana applications, state court rules
The Missouri Supreme Court ordered state regulators to release information about successful medical marijuana applications in cases of appeal, ending efforts by the state to keep those documents secret.
News February 9
Cannabis producer Hexo cuts 180 jobs in bid to save cash
Struggling cannabis producer Hexo Corp. is cutting 180 jobs as part of its bid to reduce corporate spending by approximately one-third through the end of next year.
News February 9
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