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Arkansas awards sixth medical cannabis grow permit as sales rise
Arkansas regulators approved a sixth cultivation license to support a rapidly growing medical cannabis market nearing $100 million in total sales.
News June 17
Marijuana firm Acreage gets $15 million loan at 60% interest rate
Marijuana multistate operator Acreage Holdings has secured a $15 million short-term loan with a whopping 60% yearly interest rate, the company said Wednesday.
News June 17
Michigan recreational cannabis sales top medical for first time
Adult-use marijuana sales in Michigan surpassed medical cannabis sales on a weekly basis for the first time since the state’s recreational market launched Dec. 1, 2019. According to MLive.com, recreational…
News June 17
First Big Tobacco firm in marijuana seeks bankruptcy protection
Pyxus International, the first Big Tobacco company to enter the marijuana and hemp sectors, filed for bankruptcy protection after the coronavirus pandemic dealt a financial blow to its operations.
News June 17
Switzerland releases details on recreational marijuana experiment, but full legalization likely years away
The lower house of Switzerland's Federal Assembly approved a bill paving the way for a pilot research program that would permit the temporary production and distribution of cannabis to adults…
News June 17
L.A. enforcement targeting illicit cannabis operators suffers setbacks from COVID-19 fallout, budget cuts
The coronavirus pandemic has disrupted cannabis enforcement initiatives in Los Angeles and caused critical budget shortfalls that could further hinder efforts to crack down on unlicensed marijuana operators. That one-two…
News June 17
Colorado lawmakers pass cannabis social equity measure
A Colorado bill that would set aside cannabis social equity licenses for prospective entrepreneurs and give them a leg up in getting started sailed through the state Legislature and was…
News June 16
Aurora Cannabis president stepping down this month
The president of Aurora Cannabis, Steve Dobler, is retiring from the company he helped create seven years ago. Dobler’s retirement from the Alberta cannabis producer is effective June 30, Aurora…
News June 16
Recovery from losses, damage during protests will take weeks for many cannabis businesses
The protests, lootings and robberies connected to the death of George Floyd in Minneapolis might have died down over the past two weeks, but scores of marijuana companies are still…
News June 16
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