Holiday shoppers drove record sales amid steady market expansion.
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Category: Business
Colorado issues first psilocybin business permits
The state’s Natural Medicine Division approved seven applications on Thursday.
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Kentucky medical cannabis program generates $27.5M in application fees
State officials plan to use funds for staffing and IT infrastructure as the program takes shape.
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Innovative Industrial execs offer warning for cannabis tenants in wake of PharmaCann deal
The cannabis real estate firm said it will get tough on defaults and demand action in exchange for rent cuts.
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New Jersey adopts new cannabis testing standards
In addition to changes in batch sizes and allowable levels, the commission will require labs to also test levels of THCA, CBDA, CBG, CBGA and CBN on top of THC and CBD.
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South Dakota legislature blocks attempt to dismantle medical cannabis program
A Republican-led effort to substantially restrict the state’s voter-approved medical marijuana program failed in committee.
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Innovative Industrial Properties beats fourth-quarter revenue estimates
The REIT saw tenant defaults and property transitions impact its bottom line despite improved leasing rates.
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Tribal cannabis operators take the lead as Minnesota prepares for adult-use sales
Minnesota’s tribes are stepping in to jumpstart the state’s adult-use cannabis market while regulators work through licensing delays.
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New California cannabis venture from MedMen founders already bust
Bierman and Modlin opened at least three dispensaries in the San Francisco Bay Area under the brand name Megabud.
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Cannabis businesses call Grand Rapids social equity program ‘municipal extortion’ in new lawsuit
The cannabis companies claim they have had their licenses threatened, suspended, or denied and face fines from the city because of their noncompliance with social equity program requirements.
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