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Massachusetts cannabis company to dump $2.6 million worth of vape pens
Massachusetts-based marijuana business Temescal Wellness plans to destroy more than 40,000 vape cartridges, worth $2.6 million, that have sat unused after the state temporarily banned marijuana vaping during the 2019…
News August 18
Inventory growth of Canadian cannabis edibles/beverages far outpaces sales
Packaged inventory of cannabis edibles in Canada has increased much faster than sales in recent months, according to fresh data from the country’s federal health department. Federal license holders, provincial…
News August 18
General Counsel Miyashita supplants Leslie as CEO at marijuana firm Leafly
Online marijuana news site, dispensary finder and information resource Leafly appointed a new CEO to replace its current chief, Tim Leslie, who spent less than a year and a half…
News August 18
Chart: Adult-use cannabis sales remain steady even as unemployment bonus ends
Though the U.S. government’s temporary lifeline to tens of millions of unemployed workers expired, sales of recreational marijuana products have proved resilient. The $600-a-week unemployment benefit ended July 31, and…
News August 18
Colorado cannabis firms Schwazze, Medicine Man Denver part ways
Medicine Man Denver, a Colorado-based cultivator and retailer, and Schwazze, formerly Medicine Man Technologies, terminated their agreement, effective Aug. 20.
News August 17
Marijuana MSO Acreage wins motion to block Maine city from favoring residents
Marijuana multistate operator Acreage Holdings continues to prevail in its legal efforts to thwart Maine and, now, its largest city from favoring homegrown businesses in the state’s impending adult-use market.…
News August 17
How to choose a tracking system: Scaling your cannabis company beyond compliance
Many states with legalized medical or recreational cannabis mandate license holders to report product movement using a chosen reporting system.
News August 17
Florida REIT raises $80 million to lend to cannabis companies
AFC Gamma, a real estate investment trust (REIT), raised $80 million that, coupled with a $40 million credit line, gives the West Palm Beach, Florida, firm approximately $120 million to…
News August 17
State treasurers group lobbies for marijuana banking in coronavirus bill
A coalition of state treasurers across the country are urging Congress to include cannabis banking reform in the next coronavirus relief stimulus package to give the economy a needed infusion…
News August 17
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