Recreational Marijuana News
New York-based marijuana multistate operator Ascend Wellness announced an agreement to acquire the Maryland assets of Devi Holdings in a cash-and-stock deal worth $19 million.
With the start of a new year, cannabis companies across the country are tweaking their business models to meet changing laws and regulations that could affect sales and how they run their operations.
Hexo Corp. said it won the dismissal of a securities class action lawsuit that had been pending before the Quebec Superior Court against the Canadian cannabis producer and a former CEO.
Cannabis and vegetable grower Village Farms International is raising $25 million (33 million Canadian dollars) via a registered direct offering with institutional investors.
California marijuana cultivation capacity is down significantly from early 2022, with some growers choosing not to plant or renew their licenses because of low wholesale prices and tough economic conditions.
New York state regulators on Wednesday awarded another 30 licenses to operate recreational marijuana stores, though a pending lawsuit is still blocking adult-use retail in key locations across the state.
Canadian cannabis producer The Green Organic Dutchman is changing its name to BZAM, pending regulatory approval.
