Federal prosecutors in Portland have charged an alleged marijuana smuggler in a plot to hire a hitman to murder a business associate. According to a criminal complaint unsealed on Monday, 68-year-old John Tobe Larson attempted to hire a hitman to kill a business associate who owed him approximately $75,000... Read more
iAnthus Reports Fiscal Second Quarter 2019 Financial Results Pro Forma Revenues of $25 million, Maintained Tight Expense Control Pro forma revenues1 for the second quarter were $25.0 million, up 35% sequentially from the prior quarter Maintained disciplined approach to operating and capital expense investments without compromising growth Announced term... Read more
Green Thumb Industries (GTI) Closes Transaction to Acquire Highly Coveted Vertically Integrated New York License Acquisition of Fiorello Pharmaceuticals includes one of only 10 vertically integrated licenses for cultivation and processing facility and four retail stores, three of which are operational Stores are located in highly trafficked areas in... Read more
WAKEFIELD, Mass., Aug. 26, 2019 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf”), a leading vertically integrated cannabis operator in the United States, today announced it has signed a sale-leaseback agreement with Freehold Properties valued at approximately $28.3 million for six of its properties in Florida, Massachusetts and New Jersey. As a result of the transaction, Curaleaf... Read more
A law firm representing several clients in the cannabis industry is urging Weedmaps to set a date for its promised crackdown on unlicensed retailers advertising on the website. Attorneys with the firm Zuber Lawler said in a press release on Thursday that the move by Weedmaps will help support... Read more
A campaign to get a ballot measure in front of Florida voters to legalize recreational marijuana in 2020 was announced Thursday. It is backed by MedMen, one of the US cannabis industry’s largest companies. The Adult Use of Marijuana initiative would give the go-ahead to adults 21 years and... Read more
Moments before the age-old Rolling Stones began performing at Pasadena’s Rose Bowl Stadium on Thursday, actor Robert Downey Jr. inexplicably took to the stage and announced that the band was now the namesake of a rock on Mars. When NASA’s InSight lander touched down on Mars back in November,... Read more
She was only going from a CBD-legal country to a CBD-legal state to hang out at her friend’s cabin, but a Canadian woman unknowingly put her lifetime ability to enter the United States in question over a small bottle of CBD oil she carries around for scoliosis pain. “I’m... Read more
Over the last couple years, medical marijuana in Utah has been a hot and controversial subject. In what has become a protracted, back-and-forth process between state legislators, medical marijuana advocates, and other powerful players in the state, Utah’s medical marijuana program continues to undergo dramatic changes. Now, state lawmakers... Read more
From Washington to main street, changes to U.S. drug policy are evident. CBD products line the aisles at supermarkets and convenience stores. And emboldened by a new law that permits hemp cultivation, states across America are considering the crop as a new agricultural cornerstone. Those changes do not, however,... Read more
