A state-run agency would control the growing and selling of recreational marijuana, but the proposal faces a tough fight.
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Category: Business
Greenlane Holding’s offering causes stock selloff
Greenlane’s use of a sweetener to do the deal signaled weak investor interest.
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California’s active cannabis license count plummets
For the first time since the state legalized cannabis, canceled, expired, surrendered or are otherwise not in use licenses outnumber active licenses.
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Maine cannabis agency targeted for investigation by state oversight committee
The investigation will focus on allegations of intentional reporting delays, conflicts of interest and challenges to license winners.
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Mississippi lawmakers approve dueling bills to ban intoxicating hemp goods
The House version would limit the amount of THC allowed in hemp-derived products, while the Senate version takes the restrictions even further.
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Leef Brands aims to enter New York as new ‘asset-light’ MSO
The California-based extraction company said it already secured a facility and positioned equipment in the state.
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Colorado cannabis sales post weakest January since 2017
The $113.6 million monthly haul showed more cooling following market’s first sub-$1.4 billion year since 2016.
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Story Cannabis gets second cash infusion from AFC Gamma, this time for Ohio expansion
AFC previously provided funding to expand Story’s operations in Maryland.
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Numinus Wellness to wind down subsidiaries
Numinus is also delinquent on publishing its financial statements.
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Minnesota tribes could open five cannabis shops each under draft compact
Tribes could operate up to five off-reservation adult-use dispensaries each under the proposal.
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