Detroit finally awards first recreational marijuana license to grower
Detroit finally issued its first recreational cannabis business license - more than two years after the process started.
News May 27
Latest In: Recreational
Canopy loses CA$578 million in quarter as cannabis revenue plunges
Canadian cannabis producer Canopy Growth lost another 578.6 million Canadian dollars ($454 million) in its fourth fiscal quarter…
News May 27
Aurora Cannabis announces bought deal financing, upsizes to $150 million
Aurora Cannabis entered a bought deal financing worth $125 million, then upsized that funding to $150 million.
News May 27
Opinion: The battle for directors and officers liability coverage in the cannabis industry
With the number of lawsuits in the cannabis space tripling in the past two years, directors and officers…
News May 26
Canadian cannabis sales rebound strongly in March to record CA$358.8M
Canadian sales of regulated recreational cannabis hit an all-time high of almost 358.8 million Canadian dollars ($279.6 million)…
News May 26
NJ marijuana paraphernalia shop workers to unionize in labor board first
Employees at the Wonderland Smoke Shop, a marijuana accessories store in West Berlin, New Jersey, submitted a petition…
News May 26
Ukraine war, supply-chain woes cause cannabis fertilizer shortage, increased costs
Russia's invasion of Ukraine and ongoing supply-chain issues are causing a global fertilizer shortfall, leading cannabis growers to…
News May 26
NJ sells $24M of recreational cannabis in first month; more licenses issued
In the first month of recreational cannabis sales, New Jersey retailers sold $24 million worth of adult-use products.
News May 25
Canadian cannabis producers’ overdue excise taxes more than triple to CA$52M
Unpaid federal excise duty is piling up in Canada’s cannabis industry, with excise debt more than tripling to…
News May 25
Rhode Island legislators pass bill legalizing recreational marijuana
Rhode Island is poised to become the 19th state in the U.S. to legalize recreational marijuana, after House…
News May 24
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