Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
An Illinois cannabis consumer has filed class action lawsuits against two marijuana companies, alleging they are selling products “with excessively high” amounts of THC in violation of state limits.
Canadian cannabis operator Canopy Growth Corp. has completed its acquisition of New York-headquartered Acreage Holdings through its American holding company.
Ohio’s transition from a medical marijuana market to one that also offers adult-use sales will not follow the blueprint of other states.
A day after Canadian cannabis company Canopy Growth Corp. exercised its option to acquire Acreage Holdings, the American multistate operator announced a private placement with institutional investors to raise $10 million.
Canadian cannabis company Canopy Growth Corp. exercised its option to acquire American marijuana multistate operator Acreage Holdings.
Nancy Whiteman, the co-founder and CEO of Wana Brands cannabis edibles company, in May will relinquish the top post to marketing chief Joe Hodas.
Several of the nation’s largest cannabis companies have already mapped out their retail expansion plans in 2024, a consequence of licensing caps, limited new market opportunities and ongoing capital concerns.
Multistate cannabis operators with medical marijuana licenses in New York could begin adult-use sales as soon as this month.
Canadian cannabis producer Canopy Growth Corp. appears to be facing another hurdle in its plan to “fast track” the company’s entry into the $34 billion U.S. marijuana market.
New York regulators voted Tuesday to allow the state’s medical marijuana operators to apply for adult-use retail licenses.
Former CEO Kevin Murphy and ex-Canadian Prime Minister Brian Mulroney have resigned from the board of directors of New York-based marijuana multistate operator Acreage Holdings.
