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Can South Africa challenge Canada for global cannabis export dominance?
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Illinois-based marijuana MSOs teaming up on two stores, report says
Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both…
News February 10
Prospects for adult-use cannabis legalization loom large in Connecticut
Connecticut’s heavily regulated medical cannabis market is expected to post a respectable 15% increase in sales this year, but it’s the prospect of adult-use legalization and a nearly $750 million…
News February 10
Mexico’s medical marijuana program offers firms a chance to enter new adult-use industry
Marijuana and hemp companies keen to participate in Mexico's emerging medical cannabis program should start preparing now, attorney advise, noting it will give businesses a leg up in entering the…
News February 10
Cannabis MSO Green Thumb nets $100M through initial US stock sale
Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering…
News February 9
Nearly $1 million settlement proposed in MedMen marijuana class action suit
A 2½-year-old class action lawsuit brought by former employees of multistate marijuana operator MedMen has almost concluded, with the lead plaintiffs asking a California judge to approve a proposed $975,000…
News February 9
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020
Colorado's total marijuana sales reached nearly $10 billion since legal sales began in 2014.
News February 9
Judge shoots down South Dakota’s adult-use cannabis amendment
In a major blow to South Dakota’s nascent legal marijuana industry, a circuit court judge ruled that a voter-approved constitutional amendment legalizing adult-use cannabis is unconstitutional.
News February 9
Canopy targets marijuana profitability in wake of CA$830 million quarterly loss
Canadian cannabis producer Canopy Growth said its business transformation is taking shape despite a net loss of 829.3 million Canadian dollars ($651 million) for the third quarter of its 2021…
News February 9
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada's first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage of the local marijuana industry versus their overall representation in the state…
News February 9
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