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Illinois probes marijuana retailers for sourcing violations
Illinois regulators are investigating apparent violations of a regulation intended to prevent marijuana stores from sourcing marijuana from a single cultivator. The Illinois Department of Financial and Professional Regulation also…
News January 14Maine lawmaker calls for cannabis banking, insurance reform
Maine legislator John Andrews plans to introduce a resolution in the state Legislature calling for the U.S. Congress to make banking and insurance services accessible to legalized marijuana businesses. Many licensed…
News January 14Demand fierce for Missouri medical marijuana manufacturing licenses
The Missouri Department of Health and Seniors Services received 415 manufacturing license applications but granted only 86 permits to manufacturers of infused products such as edibles and vape cartridges.
News January 14Cannabis comp tables as of Jan. 13: Multiples expanding 5-10%
These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.
News January 14San Diego restricts billboard cannabis advertising
The San Diego City Council unanimously approved a ban on marijuana billboard ads within 1,000 feet of schools, playgrounds, day care centers, youth centers and parks with playgrounds, a move…
News January 14Canada’s Aphria reports loss, cuts revenue guidance for 2020
Aphria reported a net loss of 8 million Canadian dollars ($6.2 million) for the second quarter ending Nov. 30, 2019, and the Canadian cannabis producer lowered its fiscal 2020 revenue…
News January 14Trulieve fights short-seller report as its dominance in Florida medical cannabis market continues
Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, is fending off attacks raised in a recent negative research report as competitors try to cut into the company’s nearly…
News January 14US House panel to hear marijuana reform issues
Cannabis reform is getting its first hearing in front of members of the U.S. House Energy and Commerce committee on Wednesday, but no one from the industry has been called…
News January 14Chart: Good – not great – first year of medical cannabis sales in Ohio
Ohio’s medical marijuana industry pulled in nearly $60 million in its first year of sales, with increased access to dispensaries and falling prices making up for the market’s sluggish start.…
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