Business

Lawsuit Claims Iowa Approved THC Drinks With 10 Servings per Can

By / July 17, 2024 /

Iowa Companies Challenge State’s New THC Limits in Carbonated Beverages Des Moines, IA – Ten Iowa companies have filed a lawsuit against the state, aiming to block the enforcement of…

The DOOBIE Act: Potential Shift in Federal Hiring Practices

By / July 17, 2024 /

Senator Gary Peters Introduces DOOBIE Act to Remove Cannabis Use from Federal Hiring Decisions Washington, D.C. – Senator Gary Peters, a Democrat from Michigan, has introduced groundbreaking legislation aimed at…

State Fair Breaks Ground with Legal Cannabis Sales

By / July 17, 2024 /

California State Fair Becomes First to Legally Sell Cannabis Sacramento, CA – Making history over the weekend, the California State Fair has become the first state-sanctioned fair in the United…

Illegal Cannabis Hidden in Business Ceiling Discovered

By / July 17, 2024 /

Two Bronx Businesses Raided by NYPD, NYC Sheriff’s Office in Huge Cannabis Bust Bronx, NY – In a significant crackdown on illegal marijuana operations, two Bronx businesses were raided early…

Cannabis License Pre-Approval Starts July 24 in Minnesota

By / July 16, 2024 /

Minnesota Opens Cannabis Business License Pre-Approval Window for Social Equity Applicants The Minnesota Office of Cannabis Management (OCM) announced that the cannabis business license pre-approval window will open on July…

$235M Boost for Ascend Wellness Future Growth

By / July 16, 2024 /

Ascend Wellness Secures $235 Million in Private Placement to Enhance Financial Stability Ascend Wellness has announced the successful securing of commitments for a private placement of $235 million in 12.75%…

State Crackdown: Nine Rochester Cannabis Shops Raided

By / July 16, 2024 /

New York Task Force Raids Nine Unlicensed Cannabis Shops in Rochester New York authorities raided and shut down nine businesses in Rochester last month as part of a new task…

Ascend Seeks Financial Flexibility with $235M Private Placement

By / July 15, 2024 /

Ascend Wellness Holdings Secures $235 Million in Private Placement to Enhance Financial Flexibility New York-based cannabis multistate operator Ascend Wellness Holdings has announced a significant financial milestone, securing commitments to…

New York’s Cannabis Sales Projected to Hit $520M in 2024

By / July 15, 2024 /

New York’s Adult-Use Cannabis Market Shows Significant Growth in 2024 New York’s adult-use cannabis market is experiencing a robust resurgence in 2024, showing promising signs of life after a sluggish…

Curaleaf Joins MSOs in Hemp-Derived THC Market Shift

By / July 15, 2024 /

Curaleaf Holdings Reverses Hemp Exit, Embraces Market with New Product Line Curaleaf Holdings, a prominent New York-based marijuana multistate operator, has made a significant strategic shift. Initially poised to exit…

D.C. Eases Cannabis Licensing, But Few New Growers Emerge

By / July 15, 2024 /

Real Estate Hurdles Stall Medical Cannabis Growth in D.C. In Washington D.C., the growth of the medical cannabis industry is facing significant real estate challenges. While new dispensary locations are…

Advocate Warns: Alabama’s Medical Cannabis Rollout Stalled

By / July 12, 2024 /

Urgency Intensifies for Medical Cannabis Availability Amid Legal Stalemate in Alabama A chief advocate for medical cannabis stressed a sense of urgency Thursday during a meeting of the Alabama Medical…