NEW YORK, Nov. 21, 2023 – PRESS RELEASE – The Cannabist Co. Holdings Inc., one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced its partnership with AiroBrands, a company focused on proprietary inhalation products. The partnership will initially bring Airo’s cannabis vaporization brand... Read more

In a tale of two program rollouts, New York’s licensed cannabis dispensaries have reported more than $100 million in adult-use sales so far in 2023, while Missouri stores have surpassed $1.1 billion in total cannabis sales this year. Similar aged markets, New York launched its commercial adult-use retail program via... Read more

In the wake of the U.S. Department of Health and Human Services (HHS) recommending that cannabis be reclassified as a Schedule III drug under the Controlled Substances Act (CSA), U.S. Sen. Kirsten Gillibrand, D-N.Y., is calling on the Drug Enforcement Administration (DEA) to do just that. Gillibrand announced Nov.... Read more

Maine officials recently conducted audit testing of 120 samples from the state’s medical cannabis program and found that 50 of them—or 42%—were contaminated with mold, pesticides, heavy metals and more. While testing is voluntary in Maine’s Medical Use of Cannabis Program (MMCP), the report resulting from the audit conducted... Read more

NEW YORK, Nov. 20, 2023 – PRESS RELEASE – Ascend Wellness Holdings Inc., a multistate, vertically integrated cannabis operator focused on bettering lives through cannabis, announced the opening of an Ascend dispensary outlet, located at 39 W North Ave., Northlake, Ill. This milestone represents the company’s commitment to serving the growing cannabis community in Illinois and... Read more

NORWOOD, Mass., Nov. 20, 2023 – PRESS RELEASE – MariMed Inc., a leading multistate cannabis operator focused on improving lives every day, announced that it closed a $58.7 million secured credit facility with a U.S. chartered bank on Nov. 17, 2023. “I am delighted to announce the closing of this... Read more

The California Department of Cannabis Control (DCC) put an embargo on three product batches in the state’s regulated market that it suspects were potentially adulterated. The department sent a letter Nov. 9 warning cannabis program licensees that the continued sale of these products would violate the Medicinal and Adult-Use... Read more

Lawmakers sent a letter to federal officials Nov. 14 requesting that they update “out-of-date” guidance on providing banking tools to cannabis business owners convicted of past cannabis-related crimes. The letter, sent by a group of 20 Democratic members of the House and Senate to the U.S. Department of the... Read more

Pennsylvania is one step closer to allowing all 25 of its medical cannabis grower/processor licensees to also obtain retail licenses after the House passed Senate-approved legislation that would remove a restriction in the state’s 2016 medical cannabis law that allows only five grower/processor licensees to be fully vertically integrated.... Read more

MIAMI, Nov. 16, 2023 – PRESS RELEASE – AYR Wellness Inc., a leading vertically integrated U.S. multistate cannabis operator, reported financial results for the third quarter ended Sept. 30, 2023. Unless otherwise noted, all results are presented in U.S. dollars. The following financial measures are reported as results from... Read more