Maine’s largest chain of medical marijuana dispensaries has filed a lawsuit against the City of Portland over an ordinance governing licenses for recreational cannabis businesses that gives preferential treatment to state residents. The suit was filed in federal court on June 15 by Wellness Connection of Maine, which plans... Read more
Cannabis businesses in Michigan must now go through a new application and resource process via the Michigan Marijuana Regulatory Agency as of today. In a press release, the agency explained that the new rules are there to “implement, administer and enforce appropriate standards for marijuana businesses and associated equipment... Read more
A group of Montana cannabis activists said on Friday that it had collected enough signatures for two proposed ballot measures that would legalize the recreational use of marijuana in the state to qualify for the November election. The group, New Approach Montana, submitted petitions for the two initiative proposals... Read more
Vireo Health Announces Sale of Equity in Pennsylvania Medical Solutions to Jushi Holdings Inc. for Total Consideration of $37 Million Transaction secures Vireo’s financial future without dilutive impacts to shareholders Purchase price includes $16.3 million in cash and $17 million in future liabilities Jushi receives 18-month option to acquire... Read more
Curaleaf Signs Amended Agreement for the Acquisition of Grassroots Positions Curaleaf as the World’s Largest Cannabis Company Brings Together the Largest Public and Largest Private Multi-State Operators in the U.S. WAKEFIELD, Mass., June 22, 2020 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a... Read more
A study by researchers in Israel has shown that prolonged treatment with medicinal cannabis may reduce the frequency of migraines. Results of the study, “Migraine Frequency Decrease Following Prolonged Medical Cannabis Treatment: A Cross-Sectional Study,” were published this month in the journal Brain Sciences. The goal of the research... Read more
Zenabis Announces Pricing of Public Offering of Units and Upsizing of the Offering to $20,493,704 million VANCOUVER, BC, June 19, 2020 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company”) is pleased to announce that further to the previously announced overnight marketed offering of units of Zenabis (“Units”),... Read more
Columbia Care Announces Second Tranche of Debt Financing, Raising Over US$54.0 Million in Aggregate Incremental US$15.7 Million in Senior Secured Convertible Notes and Additional US$4.0 Million in Senior Secured Term Debt Will Exceed US$50.0 Million Target When Combined with First $34.4 Million Tranche Additional Capital Enhances Company’s Cash Position... Read more
Kansas City may become the latest major American city to significantly relax its marijuana laws, after the mayor and members of the city council there introduced a new ordinance this week. Under the proposal, possession and control of cannabis would no longer constitute a violation under city ordinance. The... Read more
The Pennsylvania Supreme Court on Thursday struck down a Lebanon County policy that banned the use of medical marijuana by those on probation or parole, even if they have a state-issued identification card authorizing them to do so. The unanimous decision was handed down by the court on Thursday... Read more
