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SPACs offer marijuana companies a source of funding – and a way to go public
A meteoric rise in cannabis special purpose acquisition companies – better known as SPACs – is providing private marijuana and hemp companies an unprecedented opportunity to raise money and go…
News September 25
Cannabis vape products with cutting agent recalled in Michigan
Michigan regulators recalled more than a dozen cannabis vape products sold in the Detroit area for containing a cutting agent linked to vaping-related lung illnesses. The state’s Marijuana Regulatory Agency…
News September 24
GW Pharmaceuticals cannabis drug gets regulatory OK in Australia
GW Pharmaceuticals’ plant-derived CBD drug Epidyolex received approval from Australia’s Therapeutic Goods Administration (TGA) to be used in treating seizures related to Lennox-Gastaut syndrome and Dravet syndrome for patients 2…
News September 24
4Front closes on sale of three Maryland medical marijuana dispensaries
Multistate cannabis operator 4Front Ventures said it has completed the sale of three medical marijuana dispensaries in Maryland for $5.5 million, as the Arizona-based company shifts its focus to adult-use…
News September 24
Wholesale cannabis bud prices rise significantly in Colorado
The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue. For the quarter from Oct. 1 to…
News September 24
Extreme weather patterns force cannabis growers to rethink cultivation strategies
As extreme weather events ravage the country from coast to coast - including wildfires, floods and early freezes - marijuana growers are being forced to reevaluate their risks and consider…
News September 24
High Times may have lost two California marijuana leases from Harvest deal
Los Angeles-based Hightimes Holding apparently lost the leases on both San Francisco marijuana properties that were a key part of a much-vaunted $80 million retail acquisition from Arizona multistate operator…
News September 23
California won’t increase cannabis taxes for a year thanks to new law
California cannabis companies won’t see their state taxes go up until at least next year. Gov. Gavin Newsom signed into law Assembly Bill 1872 (same language as Senate Bill 827),…
News September 23
BC won’t compel private cannabis stores to carry Indigenous products
Participation in British Columbia’s upcoming Indigenous Shelf Space Program will be voluntary for the province’s privately owned cannabis stores, according to provincial regulators.
News September 23
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