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Cannabis companies Canopy, Acreage ink major changes in acquisition deal, with price tag slashed
Canadian cannabis producer Canopy Growth reached an agreement to significantly amend its conditional deal to acquire cash-strapped, U.S. multistate operator Acreage Holdings.
News June 25Los Angeles City Council backs major changes to marijuana licensing, social equity
The Los Angeles City Council gave its initial approval to sweeping changes to the city’s marijuana business licensing and social equity program, ending months of delays that had held up…
News June 25How cannabis growers can strategize to fight off costly RICO lawsuits
The recent racketeering lawsuit targeting more than 200 Oregon marijuana businesses and their executives resulted in a key victory for the cannabis industry in what could be a long-running fight.…
News June 25DOJ whistleblower: Attorney General Barr’s treatment of cannabis industry tantamount to ‘harassment’
A career U.S. Justice Department attorney testified Wednesday that antitrust investigations of 10 cannabis mergers since March 2019 were “not even close to meeting established criteria” for such reviews and…
News June 24UK down-schedules Epidyolex to lowest level for controlled drugs
The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing administrative processes for companies wanting to supply…
News June 24Canada’s discount cannabis segment heats up with competing value brands
High prices were a regular consumer complaint when Canada legalized recreational cannabis in October 2018.
News June 24Louisiana medical marijuana market expected to grow after program changes, but headwinds remain
Louisiana's medical marijuana market is poised to grow in the wake of new legislation that allows more physicians to authorize the drug for added medical conditions.
News June 24Cannabis firm iAnthus receives demand for debt repayment
Multistate cannabis operator iAnthus Capital Holdings received a demand for repayment on a secured debenture issuance as well as a notice of intention to enforce security under Canadian bankruptcy law.
News June 23Prosecutor: AG Barr ordered politically motivated probes of marijuana mergers
A federal prosecutor will testify before members of the U.S. House of Representatives on Wednesday that U.S. Attorney General William Barr ordered “politically motivated” reviews of 10 marijuana business mergers.…
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