California gov’s marijuana tax plan fails to fix key problems, industry officials say
10:30am By Bart SchanemanCalifornia Gov. Gavin Newsom's proposal to eliminate the state cultivation tax on marijuana is a welcome move, according to industry officials.…Canopy inks option deal to buy CA cannabis extractor for at least $69M
Wed 7:15pm By Matt LamersSmiths Falls, Ontario’s Canopy Growth Corp. entered a deal giving it the right to buy California-based Jetty Extracts for at least $69 million (89 million Canadian dollars) in cash and stock.…Actor Sacha Baron Cohen drops lawsuit over ‘Borat’ marijuana billboard
Wed 6:43pm By Solomon IsraelActor Sacha Baron Cohen dropped a lawsuit against Massachusetts marijuana cultivator and retailer Solar Therapeutics, which featured his popular "Borat" character on a highway billboard without permission.…Opinion: Financing challenges continue to plague mainstream cannabis industry
Wed 5:23pm By Bart SchanemanFinancing challenges are at the top of a long list of growing pains cannabis companies are facing.…$5 million plan to use marijuana taxes for hemp processing fails in Colorado
Wed 4:30pm By Kristen NicholsA Colorado proposal to use $5 million in marijuana tax collections to help buy machines to process hemp fibers failed.…Rhode Island lawmakers change adult-use cannabis legalization bill
Wed 3:48pm By Bart SchanemanLegislators in Rhode Island revised a bill to legalize adult-use cannabis with the hope the changes could help the measure pass the state's General Assembly.…Ohio awards 70 provisional licenses for medical marijuana dispensaries
Wed 2:40pm By Omar SacirbeyThe number of medical marijuana storefronts in Ohio could soon more than double after the state’s pharmacy board approved 70 provisional dispensary licenses.…Aurora Cannabis sets more closures, selling Sun greenhouse at fraction of cost
Wed 10:30am By Matt LamersIn a bid to slash costs and become profitable, Aurora Cannabis is closing its flagship Aurora Sky facility in Edmonton, Alberta, as well as shuttering an outdoor farm in British Columbia and the company's prized Anandia testing and genetics division.…DEA-endorsed marijuana research grower debuts on Nasdaq; shares soar
Tue 9:12pm By Jeff SmithBright Green Corp. on Tuesday became the first U.S plant-touching company to trade on a major exchange in the United States - in this case, the Nasdaq.…Cannabis REIT buys, leases back Tilt Holdings property in $40 million deal
Tue 6:45pm By Solomon IsraelCannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.…WA sues marijuana retailer for alleged $300,000 of unpaid wages
Tue 5:45pm By Jeff SmithWashington state regulators have taken Spokane-based Cannabis Green to court, claiming the marijuana retail chain owes at least 70 employees as much as $300,000 in unpaid wages and overtime from the past three years.…Vermont issues first recreational cannabis cultivation license
Tue 5:04pm By Bart SchanemanVermont regulators issued the first license to grow recreational cannabis for the state's impending adult-use market.…Illinois’ marijuana social equity program labors to become operational
Tue 10:30am By Jeff SmithIllinois, once lauded for creating a potential social equity blueprint for the marijuana industry, continues to struggle to get its program off the ground.…US lawmaker Blumenauer sees clearer pathway for cannabis banking reform
Mon 9:18pm By Jeff SmithU.S. Rep. Earl Blumenauer expressed optimism Monday about the odds of cannabis banking reform finally being passed by the full Congress, citing growing bipartisan support and the increased risk of violent attacks on state-legal marijuana businesses that handle…Tribe to expand medical marijuana cultivation in South Dakota
Mon 5:16pm By Solomon IsraelThe Flandreau Santee Sioux Tribe is building two new cultivation facilities to support its medical cannabis dispensary in South Dakota, citing high demand.…Lack of attention to nanoemulsion standards could hurt cannabis manufacturers
Mon 4:45pm By Kevin HuhnCannabinoid nanoemulsions have gained in popularity.…California governor proposes eliminating marijuana cultivation tax
Mon 4:37pm By Bart SchanemanCalifornia's governor wants to eliminate a tax on marijuana cultivation, but not without raising taxes elsewhere on the state's struggling cannabis industry.…Cannabis product sampling is taking off, despite legal and pandemic challenges
Mon 10:30am By Kristen NicholsCannabis product sampling is taking off, despite legal and pandemic challenges is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneursOhio suit resolved by pushing adult-use marijuana legalization issue to 2023
Fri 9:11pm By Jeff SmithAn initiative to legalize adult-use marijuana in Ohio won’t be on the state's November ballot.…Canadian producer Aurora Cannabis loses another CA$1 billion
Fri 8:43pm By Matt LamersStruggling cannabis producer Aurora Cannabis reported a net loss of 1 billion Canadian dollars ($770 million) for the three months ended March 31 on plunging sales of adult-use products, bringing its loss this year to CA$1.1 billion.…North Carolina lawmakers could consider legalizing medical marijuana
Fri 7:27pm By Jeff SmithNorth Carolina lawmakers could take up and pass a medical marijuana bill in an upcoming short session that runs from May 18 to June 30.…Miami approves medical cannabis dispensary after years of holding out
Fri 6:00pm By Bart SchanemanMiami's City Commission voted 3-2 on Thursday to allow medical cannabis dispensary MRC44 to open, paving the way for other MMJ businesses.…Marijuana lender Chicago Atlantic increases credit facility to $65 million
Fri 5:19pm By Solomon IsraelMarijuana industry real estate lender Chicago Atlantic Real Estate Finance increased the size of its revolving credit facility by $20 million to $65 million.…Wage-theft complaint snares Colorado CBD maker
Fri 4:42pm By Kristen NicholsA former employee at a Denver CBD manufacturing plant alleges that Kiss Nutraceuticals had employees working more than 50 hours a week without paying overtime.…Canadian cannabis retailer warns of possible suit, fallout from OCS leak
Fri 3:27pm By Solomon IsraelAn independent cannabis retailer, who claims she tipped off the government-run Ontario Cannabis Store (OCS) wholesaler to a major breach of business data, said the leak could pose serious security risks to stores in Canada's biggest adult-use cannabis market.…Opinion: Why is marijuana M&A holding up better than capital raises?
Fri 10:30am By Roger FillionTypically, marijuana M&A and funding move in the same direction - but not this year.…24 US senators push for inclusion of cannabis banking in competitiveness bill
May 12, 2022, 8:56 pm By Jeff SmithTwo dozen U.S. senators called for congressional leadership to include cannabis banking reform in American competitiveness legislation now being negotiated between the House and Senate.…Medical marijuana company sues over Detroit’s adult-use ordinance
May 12, 2022, 6:35 pm By Bart SchanemanA medical marijuana company in Detroit filed a lawsuit challenging a city ordinance that would bar medical cannabis companies from receiving an adult-use business license for five years.…Glass House to acquire three California cannabis retail locations for $22.6M-plus
May 12, 2022, 5:00 pm By Solomon IsraelVertically integrated California cannabis company Glass House Brands is acquiring three retail locations in the state from Natural Healing Center (NHC) in a deal worth more than $22.6 million.…Weedmaps parent launches digital marijuana retail payments in Canada
May 12, 2022, 12:31 pm By Solomon IsraelMarijuana technology company WM Technology is launching a new integrated digital payment service for cannabis retailers in Ontario, Canada's largest adult-use market, with plans to launch in other provinces.…
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