Curaleaf Reports Fourth Quarter and Full Year Ended 2023 Results Fourth quarter 2023 revenue of $345 million, representing an increase of 4% quarter-over-quarter. Fourth quarter 2023 adjusted EBITDA(1) of $83 million, representing 24% of revenue, a 490 basis point improvement year-over-year. Full Year 2023 cash flow from continuing operations... Read more
Maryland-based dispensary, Far & Dotter, and Curio Wellness was recently hit with a fine of $26,000 for selling cannabis that was removed from a dumpster. According to a Maryland Cannabis Administration (MCA) consent order shared by The Baltimore Banner, a total of 64 units of cannabis (224 grams) product... Read more
The office of New Mexico Gov. Michelle Lujan Grisham said Tuesday that cannabis consumers “have purchased more than $678.4 million worth of adult-use cannabis products and $331.6 million in medical products since April 1, 2022,” and that, to date, “the state has recorded more than 21 million transactions with... Read more
In the ever-evolving landscape of the cannabis industry, the use of non-disclosure agreements (NDAs) is becoming more prevalent as the demand for difficult to grow exotic strains increases and more brands and businesses flood the market. Previously we have blogged about the importance of NDAs to safeguard confidential business information. Cannabis businesses should continue to
A Missouri House committee has unanimously approved a bill to legalize the medical use of psilocybin by military veterans and fund studies exploring the therapeutic potential of the psychedelic. The House Veterans Committee passed the legislation from Rep. Aaron McMullen (R) on Tuesday, with amendments to align it with a... Read more
As lawmakers in Virginia wait to see how Gov. Glenn Youngkin (R) will greet a retail marijuana sales bill sent to him last week, the legislature has passed separate legislation to provide relief for people convicted of past cannabis crimes, mandating that individuals with certain offenses automatically receive resentencing... Read more
Hawaii’s Senate has passed legislation to legalize and regulate adult-use marijuana in the state, sending the proposal next to the House of Representatives. The legislation, SB 3335, would allow adults 21 and older to possess up to an ounce of marijuana and up to five grams of cannabis concentrates... Read more
