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Method Man starts cannabis firm to bolster blacks in industry
Rapper and actor Method Man said he’s launching a new marijuana business specifically aimed at boosting other black-owned cannabis companies. According to Bloomberg News, the business – dubbed Tical, short…
News June 12
California marijuana excise tax to remain stable through 2020
The California state cannabis excise tax won’t go up in July as it did in January. The state Department of Tax and Fee Administration (CDTFA) made that announcement in a…
News June 12
Cannabis firm iAnthus says it likely will default on interest payments again
Multistate marijuana operator iAnthus said it expects to default on interest payments due June 30 and likely will delay its quarterly earnings past an extended June 15 deadline – a…
News June 12
Canopy Growth doubles CEO salary amid mass layoffs, mounting losses
Canadian cannabis firm Canopy Growth has given its CEO position a generous salary bump this year, according to recent filings with the U.S. Securities and Exchange Commission, even as the company…
News June 12
High Times revises deal to buy CA marijuana retail stores from Harvest
High Times Holding Corp.’s agreement to buy planned and operating California dispensaries from multistate operator Harvest Health & Recreation has been cut to 10 from the 13 announced in late…
News June 12
California regulator decries cannabis delivery suit as ‘bizarre’ in court filing a month before trial
In a preview of a hotly anticipated trial set to take place in July, a key California marijuana regulator blasted a lawsuit aimed at overturning a policy allowing statewide marijuana…
News June 12
Lawsuit: Tilray execs misled investors over ABG cannabis deal
A new lawsuit alleges the top brass of Canada-based cannabis company Tilray misled shareholders and engaged in insider stock sales during 2019 and early 2020.
News June 11
Missouri judge allows suit challenging marijuana license caps to proceed
A lawsuit challenging Missouri’s medical cannabis licensing caps and scoring process can move forward toward a potential trial, a judge ruled. A county circuit judge rejected the state Department of…
News June 11
Germany faces potential temporary supply shortage of cannabis flower
The Dutch government agency responsible for exporting medical cannabis sent an email Thursday to its German customers informing of a delay of up to six weeks in the next shipment…
News June 11
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