Michigan to spend $20 million from cannabis tax revenue on MMJ research
Michigan is allocating $20 million of its recreational marijuana tax revenue this year toward cannabis-related medical research. The move to fund research […]
Category: United States Cannabis Industry & Marijuana Business News
Ohio high court orders state to act on medical marijuana cultivation expansion
The Ohio Supreme Court told state regulators they can’t just ignore applications to expand medical marijuana cultivation facilities. Ohio high court orders […]
New Rhode Island governor pitches adult-use cannabis legalization plan
Rhode Island Gov. Dan McKee wants to legalize adult-use cannabis, proposing a program that would issue 25 retail licenses a year with […]
Aurora Cannabis puts mammoth 1.7 million-square-foot greenhouse on the sales block
Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential […]
Hundreds in Arizona spend $25,000 each to enter cannabis license lottery
Nearly 400 hopeful cannabis entrepreneurs ponied up $25,000 apiece for a shot at an upcoming business license lottery, which will determine the […]
Marijuana SPAC Silver Spike II prices IPO to raise $250 million
Marijuana industry special purpose acquisition company (SPAC) Silver Spike Acquisition Corp. II priced an initial public offering on the Nasdaq exchange to […]
CWNevada’s receivership might offer blueprint to other financially strapped marijuana businesses
A once-significant player in Nevada’s cannabis industry is in the final stages of liquidating more than $12 million worth of assets under […]
Mississippi lawmakers kill bill to create alternative medical marijuana program
The Mississippi House killed a Senate bill that would have created a legislative alternative to the medical marijuana program the state’s voters […]
Outages involving California’s traceability system ‘causing a lot of heartburn’ for cannabis companies
Problems with the state-contracted traceability system in California is causing cannabis companies to spend thousands of dollars in extra time and money […]
Canada’s Aurora Cannabis files $1 billion shelf prospectus
Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. […]