Wrigley chewing gum heir to take cannabis MSO Parallel public via $1.9 billion deal
Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take […]
Category: United States Cannabis Industry & Marijuana Business News
A marijuana SPAC can expedite going public, but research on the partner is key
When Jessica Billingsley announced in October 2018 that she was taking Denver-based cannabis technology company MJ Freeway public by merging it with […]
A tale of two cannabis social equity programs: Los Angeles and Oakland
Social equity programs are a relatively new phenomenon in the U.S. cannabis industry, with the aim of getting more minorities and those […]
Montana lawmakers weigh bill to separate marijuana, hemp production
Montana lawmakers are mulling legislation that would require medical marijuana cultivators to keep their operations confined to indoor facilities, leaving the outdoors […]
New cannabis SPAC raises $150 million in IPO for US acquisitions
Choice Consolidation Corp., a new cannabis industry special purpose acquisition company (SPAC), raised $150 million in an initial public offering on the […]
South Dakota rejects telemedicine for medical marijuana consultations
South Dakota lawmakers will not allow qualifying patients to use telehealth to consult with doctors or receive recommendations about medical marijuana. South […]
California medical cannabis dispensary owes $4.2 million, US Tax Court rules
A subsidiary of California-based cannabis retailer Harborside must pay nearly $4.2 million in back taxes and penalties after losing a case in […]
Growing marijuana regulators group pressures Congress
The Cannabis Regulators Association, a recently formed but potentially influential marijuana industry group, welcomed an overseer of the country’s biggest MJ market […]
Court ruling paves way for New Jersey to expand medical cannabis market
A New Jersey appellate court lifted a 2019 order preventing the state from issuing an additional 24 medical cannabis licenses. The decision […]
Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, […]