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Texas rejected a hemp THC ban. Why is the industry being regulated out of business?
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Massachusetts medical cannabis dispensary sued over $21 million debt
A medical cannabis dispensary in a Boston suburb has been sued by a creditor for more than $21 million in debt and interest the shop owes.
News July 27
Boom or bust? Marijuana execs see more sales gains as COVID-19 lockdowns ease
As coronavirus-related lockdowns have lifted across the country, many cannabis companies are bullish that the market will continue its steady growth.
News July 27
Aurora Cannabis continues board revamp, installs ex-Pfizer executive
Aurora Cannabis expanded its board and installed Theresa Firestone, a senior health-care executive, as an independent director, the Edmonton Alberta-based company announced Monday.
News July 26
Verano to acquire Nevada marijuana company Sierra Well for $29 million
Illinois-based marijuana company Verano Holdings announced it will acquire Sierra Well, a Nevada vertically integrated cannabis company with two dispensaries and production and cultivation facilities, for $29 million.
News July 26
Denver cannabis retailer asks Supreme Court again to review its IRS fight
After the U.S. Supreme Court in June declined to hear arguments in a case between a Denver-based cannabis retailer and the Internal Revenue Service, the company decided to ask the…
News July 26
Florida man ordered to repay nearly $3 million in Colorado marijuana scheme
A Florida businessman has been ordered to pay the U.S. Securities and Exchange Commission nearly $3 million to resolve allegations that he bankrolled a lavish lifestyle with investor money that…
News July 26
Biden nominee for drug czar consulted for medical cannabis business
President Joe Biden’s pick to lead the Office of National Drug Control Policy, Dr. Rahul Gupta, consulted with a Massachusetts-based medical cannabis business for nine months in 2020. Ethics documents…
News July 26
Georgia awards six medical marijuana cultivation licenses
Georgia’s medical marijuana industry took a major step toward launching when state regulators approved on six cultivation licenses for six MMJ companies.
News July 26
Cannabis firms face surging costs for building materials, complicating plans
Cannabis growers, manufacturers and retailers planning to build new facilities or expand existing ones are facing not only soaring costs for materials but also lengthy wait times to get their…
News July 26
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