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Illinois urged to apply adult-use marijuana tax revenue to social equity
Illinois should use tax revenue from recreational marijuana sales to help social equity applicants who continue to accrue expenses because of extended coronavirus-fueled licensing delays, an industry group says.
News August 6
California cannabis company settles enforcement case for $546,000
A first-of-its kind enforcement case in California ended in a settlement in which a licensed marijuana company agreed to pay the state nearly $550,000 but avoided any loss of its…
News August 6
With all licenses reinstated, CannTrust aims for cannabis product relaunch
Disgraced cannabis producer CannTrust says all of its cannabis licenses have been reinstated, and the Vaughan, Ontario, company plans to relaunch it marijuana products in the final quarter of this…
News August 6
Ohio medical marijuana firms seek expansion to meet growing demand
Medical cannabis companies in Ohio, complaining that market growth is being constrained, are calling for more dispensaries and permission to expand cultivation facilities. The complaints come as MMJ sales in the…
News August 6
Bermuda’s consultations on adult-use cannabis bill are generally supportive
A refined draft bill to lay the legal groundwork for a regulated adult-use cannabis regime in Bermuda will soon be presented to the island’s legislature, Attorney-General Kathy Lynn Simmons said…
News August 6
Canadian cannabis firm Cronos posts $31.3M operating loss in Q2
Toronto-based cannabis company Cronos Group reported an adjusted operating loss of $31.3 million for its second quarter, along with $40 million worth of coronavirus-related impairment charges on its U.S. operations.…
News August 6
Pennsylvania wraps up medical marijuana research partnerships
Marijuana multistate operator Parallel will provide $3 million in grants to the University of Pittsburgh to research medical cannabis under a 10-year agreement. The partnership is the eighth and final…
News August 6
Cannabis social equity makes progress in Washington state, but licensees will face notable obstacles
Efforts to broaden minority participation in Washington state's cannabis industry are underway, but government officials face obstacles to create a viable social equity program in a hotly competitive market with…
News August 6
MI may allow stand-alone adult-use cannabis licenses earlier than expected
Michigan is considering making recreational-only licenses available to marijuana businesses in November, a year ahead of schedule, according to the state's top cannabis regulator.
News August 5
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