As Florida medical marijuana companies continue to rake in cash, Gov. Ron DeSantis this week said cannabis operators need to pay more for the opportunity to do business in the state. The state “should charge these people more,” DeSantis told reporters Tuesday. “I mean, these are very valuable licenses,”... Read more
New Mexico’s newest industry has many around the state excited for its potential economic impact — from the funding it can provide for things like public education, to the tourism it can drive to the state and even the opportunity it can give to potential business owners. So far,... Read more
A New York-based biotech firm has begun a clinical trial to study LSD as a treatment for anxiety, announcing last week that it had administered the psychedelic drug to a patient enrolled in the study for the first time. The research is designed to study the effectiveness of MM-120,... Read more
Florida Gov. Ron DeSantis told a group of reporters on August 23 that medical cannabis license holders in the state need to pay more for their license application and renewal fees. But operators in the state say that raising application and renewal fees could spell the end for some... Read more
by Gary Cohen, Cova Software The cannabis industry has come a long way in the U.S. Although we still await federal legalization, many new states have recently jumped on the bandwagon, and legacy states are awarding more social equity licenses. While New Jersey and Mississippi will be opening their... Read more
New Yorkers with both past cannabis-related convictions and business experience will get first chance at Conditional Adult-Use Retail Dispensary licenses. ALBANY, N.Y. — If you or a loved one have a pot conviction, you could have a new employment opportunity. New York will give you first dibs to sell... Read more
San Diego’s proposal to establish a social equity program would present eligibility criteria that would help participants find locations, get financing, and get critical mentorship from existing members of the cannabis industry. It would create a revolving loan fund that would begin with $5 million in city cannabis tax... Read more
The Hochul administration has begun accepting applications from “justice-involved” individuals for retail cannabis dispensary licenses as officials prepare to provide some of those awarded licenses with “state of the art” storefronts constructed and furnished by the state Dormitory Authority. In response to questions from CNHI, Chris Alexander, executive director... Read more
Green Sentry Holdings Completes Acquisition of MedMen’s Florida MMTC License and Assets Closes on $63 million (plus the assumption of lease liabilities in Florida) purchase of MedMen’s Florida assets, including MMTC license, 14 Premium Retail Dispensaries, 30,000 square foot Cultivation Facility, inventory and other assets FORT LAUDERDALE, Fla., Aug.... Read more
StateHouse Holdings Inc. Reports Second Quarter 2022 Financial Results and Provides Additional Business Updates Company expects to be EBITDA positive in 2023 SAN DIEGO and TORONTO, Aug. 25, 2022 /PRNewswire/ – StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced its financial results for the... Read more