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Hemp operators are already unwinding ahead of federal ban
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Fast-growing Michigan recreational cannabis market faces tight supply, few municipal opt-ins
Michigan's 7-month-old recreational marijuana market is growing quickly, with sales up from nearly $7 million in the first month of sales last December to more than $39 million in May.
News July 16
New Jersey governor touts benefits of marijuana legalization amid recession
New Jersey Gov. Phil Murphy has long planned to legalize adult-use marijuana in his state, but now he’s adopted a new line of reasoning: Doing so could help the economy.…
News July 15
Ultra sues New Mexico health department over new cannabis rules
New Mexico's largest medical marijuana company is suing the state over new MMJ regulations it calls "arbitrary and capricious."
News July 15
Cannabis gives British Columbia farm sales CA$300 million boost in 2019
Farm cash receipts in British Columbia hit a record high in 2019, boosted by an increase of nearly 300 million Canadian dollars ($221 million) in cannabis sales. The annual growth…
News July 15
Florida high court wants to hear more in medical marijuana licensing case
A court case that could open up stand-alone licensing opportunities in Florida’s vertically integrated medical marijuana market isn’t going to be decided anytime soon. In a rare move, the Florida…
News July 15
Contract cannabis farming gaining popularity in California, but practice draws lawsuits
To get around the enormous barriers to entry for California’s legal marijuana industry, a growing number of small farmers are increasingly turning to a practice mainstream agriculture has used for…
News July 15
Metrc fights for right to charge fees to Missouri medical cannabis operators
Marijuana track-and-trace company Metrc continues its legal tangle with Missouri state officials over the right to charge “tag fees” to medical cannabis dispensaries.
News July 14
Struggling marijuana firm iAnthus plans restructuring deal, recapitalization
Multistate cannabis grower and retailer iAnthus Capital Holdings announced a restructuring support deal with a recapitalization component, giving the company an opportunity to reduce its outstanding debt.
News July 14
Chart: Retail cannabis sales surpass NBA revenue, approach prescription pain meds
With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total…
News July 14
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