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Cannabis MSO Columbia Care to buy California firm in $69 million deal
Multistate operator Columbia Care agreed to acquire Los Angeles-based marijuana grower and retailer Project Cannabis in a deal valued at $69 million. “The acquisition of Project Cannabis enables Columbia Care…
News September 8
Groups push to delay lottery for Illinois marijuana retail licenses
As often happens after winners of state cannabis licenses are announced, losing applicants for retail licenses in Illinois are going to court to delay awarding the permits. Illinois announced finalists…
News September 8
Cannabis banking numbers slip, but loans might be increasing
The number of financial institutions serving marijuana-related businesses declined slightly in the first six months of this year, according to federal data, likely because of COVID-19 and other factors.
News September 8Probe clears Maryland medical marijuana licensing of bias
An inquiry into Maryland’s 2019 medical marijuana licensing process found “no evidence of bias or undue influence,” according to a 40-page investigative report released last week. The licensing round, which…
News September 8
Supply of medical cannabis restored in Malta after shortage
After a weekslong shortage of high-THC medical cannabis flower in Malta, at least one variety became available again as of Sept. 4, Marijuana Business Daily has confirmed. “Thankfully, one of…
News September 8
Aurora appoints new CEO, signals revenue decline, massive write-downs
Aurora Cannabis has promoted Miguel Martin to CEO, while warning investors to expect declining quarterly revenue and write-downs of up to 1.8 billion Canadian dollars ($1.37 billion) when it reports…
News September 8
Chart: Illinois lottery for retail marijuana licenses raises social equity questions
While Illinois’ plan for increasing social equity in its cannabis industry was heralded as a potential blueprint for other new markets, the execution of the program has already come into…
News September 8
Tips for getting the most out of cannabis industry virtual events
In the coronavirus era, both mainstream and cannabis companies have been forced to move planned in-person events to virtual platforms.
News September 6
Week in Review: US House sets marijuana legalization vote, new Massachusetts rules, MedMen woes & more
The MORE Act, which would deschedule cannabis and thereby legalize it federally in the U.S., is scheduled to be considered by the full U.S. House of Representatives the week of…
News September 5
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