Bierman and Modlin leave board of cannabis firm MedMen
The co-founders of California-based multistate marijuana operator MedMen are completely out of the company, having relinquished their roles on the board of directors. […]
Category: United States Cannabis Industry & Marijuana Business News
Acreage subsidiary challenges Maine city’s marijuana residency rule
Maine’s largest medical marijuana company is suing the city of Portland in federal court, claiming that an adult-use licensing preference for residents […]
Recent looting targeting marijuana shops disrupts supply chain, producing fallout in some wholesale markets
Robberies and looting that targeted cannabis retailers during the recent nationwide protests over the death of George Floyd have upended the marijuana […]
Cannabis firm Acreage gets $15M loan at 60% interest rate
Marijuana multistate operator Acreage Holdings has secured a $15 million short-term loan with a whopping 60% yearly interest rate, the company said […]
First Big Tobacco firm in marijuana seeks bankruptcy protection
Pyxus International, the first Big Tobacco company to enter the marijuana and hemp sectors, filed for bankruptcy protection after the coronavirus pandemic […]
Michigan recreational cannabis sales top medical for first time
Adult-use marijuana sales in Michigan surpassed medical cannabis sales on a weekly basis for the first time since the state’s recreational market […]
Arkansas awards sixth medical marijuana grow permit as sales rise
Arkansas regulators approved a sixth cultivation license to support a rapidly growing medical cannabis market nearing $100 million in total sales. Carpenter […]
Recovery from losses, damage during protests will take weeks for many cannabis businesses
The protests, lootings and robberies connected to the death of George Floyd in Minneapolis might have died down over the past two […]
Colorado lawmakers pass cannabis social equity measure
A Colorado bill that would set aside cannabis social equity licenses for prospective entrepreneurs and give them a leg up in getting […]
Chart: Adult-use marijuana sales show resiliency in May, despite pandemic
More than 2½ months into the coronavirus pandemic, cannabis sales in five of the nations’ largest recreational markets are a mixed bag. […]