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Why cannabinoid bans fail, and what the federal hemp THC ban extension actually gave operators
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High Times makes bold move into marijuana retail with $80 million deal
The owner of pioneering cannabis magazine High Times said Tuesday it is acquiring 13 operating and planned marijuana retail stores in California for $80 million.
News April 28
Saskatchewan accepting cannabis store applications for small communities
Saskatchewan’s Liquor and Gaming Authority (SLGA) is accepting cannabis retail store permit applications for communities with fewer than 2,500 people. The province – with a population of 1.1 million –…
News April 28
Local rules trump Michigan’s medical cannabis law, state high court says
Michigan’s medical marijuana law does not overrule certain zoning powers of local governments, the state Supreme Court ruled Monday. An ordinance in Byron Township, south of Grand Rapids, bars registered…
News April 28
Chart: US wholesale cannabis prices end 2019 firm, then fluctuate in first four months of 2020
Wholesale cannabis prices ended 2019 on a strong note across the United States – good news for growers after a brutal 2018 – but the first four months of 2020…
News April 28
Cresco Labs nixes $282.5 million acquisition of marijuana firm Tryke
In another sign that underscores the financial hesitancy hitting the national cannabis industry, Chicago-based Cresco Labs said Monday it’s pulling out of a previously agreed-upon acquisition of Tryke Cos., a vertically…
News April 27
Class action lawsuits on rise against public cannabis firms, report says
Federal class action securities lawsuits against publicly traded marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report,…
News April 27
German imports of medical cannabis show little growth in early 2020
Germany imported 1,032 kilograms (2,275 pounds) of medical cannabis flower for pharmacy dispensing through March 6, an amount that indicates little if any growth versus the average cannabis imported in…
News April 27
Sweeping Weedmaps subpoena underscores US government’s continued scrutiny of marijuana industry
When the U.S. marijuana industry learned of a federal grand jury subpoena served to Weedmaps owner Ghost Management Group, the news was an eye-opener for many in the business.
News April 27
Canadian bank slashes cannabis sales forecast to CA$2.5 billion for 2020
One of Canada’s largest banks trimmed almost a billion dollars off its 2020 forecast for adult-use cannabis sales, mostly because of issues arising from a slow rollout of regulated stores in…
News April 27
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