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Illinois to hold lottery for retail cannabis licenses later this month
Applicants for retail cannabis licenses in Illinois will be awarded in a lottery later this month, after all 17 regions saw only about 20 companies given perfect scores on their…
News September 4
Pennsylvania GOP leader tosses cold water on marijuana legalization plan
One of Pennsylvania’s top-ranking Republicans said lawmakers likely won’t legalize recreational marijuana this fall, despite Gov. Tom Wolf’s pleas.
News September 4
Nevada judge rules cannabis licensing process can proceed
A Nevada judge ruled the state’s marijuana licensing process can resume, with some new retail marijuana stores allowed to open. The decision, issued Thursday, also means some applications for licenses…
News September 4
Quebec cannabis stores post quarterly profit as sales grow
Quebec’s monopoly cannabis retailer Société québécoise du cannabis (SQDC) has posted a net profit of 9.7 million Canadian dollars ($7.4 million) for the quarter ended June 20, on quarterly sales…
News September 4
Red tape hampers Peru’s medical cannabis market, but new products expected soon
Medical marijuana companies seeking to serve patients in Peru have been stymied by government red tape, but that appears to be slowly changing with a handful of products poised to…
News September 4
Cannabis companies secure fresh funding deals as investors wade back into capital markets
Marijuana businesses have raised hundreds of millions of dollars in recent months, a trend that is expected to continue as an investment dry spell that began late last year appears…
News September 4
Massachusetts credit union partners with marijuana payment processor
The GFA Federal Credit Union, which said in 2018 that it would serve Massachusetts marijuana companies, announced a new partnership this week with cannabis payment processor Hypur to bring digital…
News September 3
Canopy confirms layoffs at Niagara-on-the-Lake cannabis facility
Cannabis producer Canopy Growth has implemented more layoffs, this time at its operation in Niagara-on-the-Lake, Ontario, the company confirmed. “Canopy Growth did conduct a number of layoffs in Niagara-on-the-Lake as…
News September 3
California city rejects MedMen application for cannabis store license
Troubled multistate marijuana operator MedMen Enterprises was rejected for a conditional-use permit needed to open a planned retail outlet in Pasadena, California – the result of material changes, including management…
News September 3
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