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Senate Democrat signs onto Trump-defying Republican proposal to ban hemp THC
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How promotions, discounts and markdowns add flexibility to cannabis retail pricing strategy
Retail cannabis pricing isn’t a “set-it-and-forget-it” exercise. “A pricing strategy must be agile because nobody has a crystal ball,” said Leandra Reid, co-founder of Toronto-based cannabis retail consultancy Vetrina Group.…
News August 8
Former owners of Curaleaf subsidiary to pay $500K to settle cannabis lawsuit
The former owners of Oregon-based Cura Cannabis, one of the subsidiaries now owned by Massachusetts-based multistate operator Curaleaf, agreed this week to pay more than $500,000 to settle a class…
News August 6
Connecticut prioritizes residents of 35 cities, towns for marijuana licenses
As part of an effort to make the cannabis industry more equitable, people living in 35 Connecticut cities and towns will receive priority for recreational marijuana business licenses, state officials…
News August 6
Native American tribe in North Carolina legalizes medical cannabis
The Eastern Band of Cherokee Indians legalized its own medical marijuana market this week, likely providing the first foothold for the cannabis industry in the state of North Carolina.
News August 6
Marijuana firm Canopy Growth posts CA$136M in net revenue for fiscal Q1
Canadian marijuana producer Canopy Growth Corp. reported net revenue of 136.2 million Canadian dollars ($108.4 million) for the first quarter of its 2022 fiscal year, an 8.2% decline from the…
News August 6
Falling prices in California marijuana wholesale market alarms some growers; others unfazed
Years of rising marijuana production across California appear to be taking a toll on the state’s wholesale market, with prices said to be dropping by up to 60% since at…
News August 6
Push begins to put medical cannabis on Wyoming ballot in 2022
Members of the national and local Libertarian Party are teaming up with Wyoming activists to get a medical cannabis legalization initiative on the state ballot next year. According to the…
News August 5
Lawsuits pile up over Illinois social equity marijuana licensing
No surprise here: The do-over of social equity marijuana business licensing in Illinois is sparking litigation. But these lawsuits point to specific alleged scoring errors, rather than challenging the entire…
News August 5
Hawthorne reaches deal to acquire cannabis firm HydroLogic
Hawthorne Gardening Co., which is increasingly making inroads in the cannabis cultivation-supply sector, said it entered an agreement to acquire HydroLogic Purification Systems, a California-headquartered provider of water filtration systems…
News August 5
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