Nearly $1 million settlement proposed in MedMen marijuana class action suit
A 2½-year-old class action lawsuit brought by former employees of multistate marijuana operator MedMen has almost concluded, with…
News February 9
Latest In: Recreational
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020
Colorado's total marijuana sales reached nearly $10 billion since legal sales began in 2014.
News February 9
Canopy targets marijuana profitability in wake of CA$830 million quarterly loss
Canadian cannabis producer Canopy Growth said its business transformation is taking shape despite a net loss of 829.3…
News February 9
Wisconsin governor proposes medical, recreational cannabis legalization
Wisconsin Gov. Tony Evers, a Democrat, proposed full marijuana legalization for the state in his 2021-23 biennial budget.
News February 8
Canada to take comments on rule changes to cannabis research, vapes
Canada’s federal cannabis regulator, Health Canada, announced an upcoming public comment period regarding regulations that could result in…
News February 8
Marijuana concentrate sales up 40% as more consumers turn to the product category
Cannabis concentrates are gaining a larger share of the overall market and increasing in price as consumers become…
News February 8
Market for licensed marijuana businesses heats up as buyers snap up retail stores, other properties
The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by…
News February 5
Power REIT acquires Canndescent cannabis greenhouse for $7.7 million
New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation…
News February 4
Funding for marijuana companies surges after Democrats win control of White House, Congress
A Democratic election trifecta - control of the White House and both chambers of Congress - is giving…
News February 4
L.A. social equity marijuana retailers allowed to apply for state licenses
Roughly two dozen of 200 upcoming social equity marijuana retailers in Los Angeles got the greenlight from city…
News February 3
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