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Cannabis MSO Jushi cancels California acquisition, moves forward in Illinois

Florida-based multistate operator Jushi Holdings terminated the acquisition of an adult-use marijuana store in California and launched recreational sales at a shop…

News May 11
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Trulieve’s dominance in Florida increases again as many firms come to a standstill

Florida medical marijuana juggernaut Trulieve has defied expert predictions, increasing its market share back above 50% a year…

News May 11
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Week in Review: High Times switches CEOs again, Florida court mulls cannabis revamp, solid sales in IL, OK & more

Los Angeles-based High Times Holding Corp. replaced CEO Stormy Simon after only four months on the job, marking the third…

News May 9
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Cronos books only $165,000 in overseas revenue for first quarter of 2020

Canadian cannabis producer Cronos Group reported $165,000 in net revenue from customers outside Canada and the United States…

News May 8
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Cannabis tech firm MassRoots receives $50,000 federal stimulus check

Financially struggling marijuana technology company MassRoots received a $50,000 loan as part of the U.S. government’s Paycheck Protection…

News May 6
MedMen Enterprises
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MedMen temporarily shutters five medical cannabis outlets in Florida

Los Angeles-based MedMen Enterprises temporarily closed five of its eight Florida medical marijuana dispensaries on May 3, according…

News May 5
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Illinois adult-use marijuana sales strong despite coronavirus ‘headwinds’

Recreational cannabis sales in Illinois totaled $37.3 million in April as the state continued to experience strong activity even…

News May 5
4Front Ventures
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Cannabis firm 4Front raises $22 million via license sales, new debt

Multistate marijuana operator 4Front Ventures said it netted $18 million from the sale of its stake in cannabis…

News May 4
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Week in Review: Cannabis firm iAnthus’ CEO resigns, High Times’ retail move, IL delays adult-use marijuana licensing & more

New York-based multistate marijuana operator iAnthus’ CEO Hadley Ford stepped down after the company’s internal investigation found he…

News May 2
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Cannabis firms refocusing M&A activities on scooping up distressed, but promising businesses

The cannabis industry was experiencing a major shift in merger and acquisition activity before COVID-19 derailed consolidation strategies.

News May 1
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