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Alabama lawmakers to consider medical marijuana bill
A Republican state senator introduced a bill to legalize the sale of medical cannabis in Alabama. The legislator, Sen. Tim Melson, also sponsored a medical marijuana bill in 2019. That measure…
News February 13
Canadian cannabis company Invictus granted creditor protection
Another Canadian marijuana producer is in financial straits. Vancouver, British Columbia-based Invictus Group has been granted creditor protection so it can conduct a strategic review to address near-term liquidity issues. Analysts…
News February 13
New Mexico medical marijuana businesses had issues with failed recreational legalization bill
While legalizing recreational marijuana in New Mexico appears dead until 2021, this year’s legislative measure was problematic enough that even the state’s leading medical marijuana operator had deep concerns. Duke…
News February 13
New Mexico plan to legalize recreational cannabis sales is derailed
A key Senate subcommittee in New Mexico voted against legalizing the sale of adult-use marijuana in the state, likely killing any chance of legislation being adopted this year. The committee…
News February 13
Aurora Cannabis reports steep loss, production drop and higher costs
One week after announcing a transformation plan that involved the departure of its founding CEO, Aurora Cannabis on Thursday reported a net loss of 1.3 billion Canadian dollars ($980 million)…
News February 13
Taxes a big factor behind the financial woes of California marijuana companies
The tax man is not popular in business circles, but that’s even more true in the cannabis industry. Particularly in California. Federal and state tax bills have become a major…
News February 13
Massachusetts bribery case could affect marijuana business licensing
The U.S. attorney for Massachusetts is trying to gain access to sealed records for a federal cannabis bribery case involving Fall River's former mayor, who allegedly sought to extort MJ…
News February 12
Kentucky advances medical marijuana legalization bill
A Kentucky House committee on Wednesday overwhelmingly approved a bill that would legalize medical cannabis sales in the state. The legislation, House Bill 136, was approved 17-1 by the House Judiciary…
News February 12
First medical cannabis store coming to Arkansas’ capital
Little Rock, Arkansas, is poised to get its first medical marijuana dispensary. Harvest House of Cannabis passed inspection and then received approval from the Alcoholic Beverage Control Division to open…
News February 12
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