A Montana judge has ordered state cannabis regulators to delay the enforcement of steep new fees for marijuana dispensary business licenses while a suit challenging the new fee structure is heard by the courts. The 60-day preliminary injunction was ordered by Lewis and Clark County District Court Judge Mike... Read more
November is one of the best times to visit Arizona, where triple-digit temps are the norm, if you don’t want to get baked by the sun. The Grand Canyon State has a lot to offer, particularly this weekend as you gear up for Thanksgiving and Black Friday. On Nov.... Read more
The owner of a cannabis dispensary in Mississippi has filed a lawsuit alleging that state laws which prevent him from advertising his business violate his First Amendment rights. Clarence Cocroft II of Olive Branch, Mississippi is the owner of Tru Source Medical Cannabis. According to the Associated Press, Cocroft... Read more
Following a major 2018 judgment, which decriminalized the private use of cannabis, it appears that South Africa could finally be inching toward legalization of personal cannabis use. However, there are a number of asterisks — as there often are when it comes to cannabis reform. On Tuesday, the South... Read more
Thousands of cannabis shops opened across Thailand after the nation became the first in Asia to decriminalize cannabis, and there are no signs of a slowdown as opposition to the industry grows, led by the country’s new prime minister. On June 9, 2022, Thailand removed cannabis from the nation’s... Read more
A report, issued on Tuesday by Bianchi & Brandt, “assesses the current mergers and acquisitions environment, reflects on the impact of regulatory changes to federal legality—including access to traditional banking—and takes a deep look at the viability of U.S. cannabis operators and global investors who are fueling the industry,”... Read more
AYR Wellness Reports Third Quarter 2023 Results Revenue up 5% Y/Y to $114.4 Million, Excluding Discontinued Operations GAAP Loss from Operations Improved 92% Y/Y to ($1.5) Million, Excluding Discontinued Operations Generated over $20 Million of Operating Cash Flow in the Third Quarter Adjusted EBITDA1 up 52% Y/Y to $28.4... Read more
Canadian cannabis advocates are calling on the federal government to relax strict limits on the potency of cannabis edibles with a petition seeking a tenfold increase in maximum permitted THC levels. Canada legalized cannabis through an act of Parliament in 2018, and retail sales of cannabis extracts and edibles... Read more
In last week’s seventh annual Cannabis Start-Up Competition at Boston University (BU) in Massachusetts, on the same night Ohio became the 24th state to legalize adult-use cannabis, a stoner-friendly app JoinME took home the grand prize. It enables users to locate and meet up and join with stoners who... Read more
Cresco Labs Reports Third Quarter 2023 Financial Results Continued execution of Year-of-the-Core strategy delivers strong margin and operating cash flow gains, with elimination of over $40 million in annualized operating costs CHICAGO–(BUSINESS WIRE), November 15, 2023–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”),... Read more
