Denver-based Akerna, a marijuana compliance software company, plans to raise $12 million by selling 5 million shares. Shares will be available for $2.40 per during the offering, which is expected to close Oct. 30. Proceeds from the offering are intende…
Colorado Medical Cannabis Business & Marijuana Legal News
Cannabis software firm Akerna seeks to raise $12 million in public offering
Denver-based Akerna, a marijuana compliance software company, plans to raise $12 million by selling 5 million shares. Shares will be available for $2.40 per during the offering, which is expected to close Oct. 30. Proceeds from the offering are intende…
Colorado marijuana vape aerosol testing rules address key health issues
As they respond to the 2019 vaping health crisis, Colorado marijuana regulators are believed to be among the first in the nation to require cannabis vaporizer companies to test the aerosol produced when the oil is heated into vapor. The new testing req…
Recreational cannabis brand and product expansion slow in US markets
Marijuana companies are slowing the rollout of new brands and products in what might be the latest sign of market maturity in early states that legalized adult-use sales. This is good news for established cannabis brands as competition for shelf space …
Schwazze scraps deal to purchase Colorado marijuana edibles maker
Schwazze added to its growing list of scuttled deals by terminating its planned acquisition of a fellow Denver-based cannabis company, infused edibles manufacturer Canyon. According to the company’s 8-K filing on Oct. 9, the term sheet that detai…
Retail marijuana sales take a slight downturn in Colorado
Retail cannabis sales had been on a steady upward trend month-on-month in Colorado despite the coronavirus pandemic, but that momentum backslid in August. According to CPR News, the Colorado Department of Revenue’s numbers show consumers spent $2…
Colorado marijuana rules will require testing of vapor, not just oil
Colorado regulators adopted new rules for testing cannabis vapor that could have an impact on ensuring consumer safety for vape products but also add another cost to cannabis companies. The question of what happens to cannabis oil when it is vaporized …
Slang moves toward vertical integration by acquiring Colorado marijuana grower
Toronto-based Slang Worldwide, a cannabis consumer packaged goods company, said it entered an agreement to acquire Pleasant Valley Ranch, an outdoor and greenhouse marijuana production facility in Carbondale, Colorado. The move gives Slang two outposts…
Text-message ads from marijuana companies spur spam-related lawsuits
A legal and financial liability has emerged over the past two years threatening the coffers of marijuana businesses: class action lawsuits filed by recipients of unwanted text-message advertisements who allege they’re getting spammed with deals a…
US Supreme Court declines to weigh in on cannabis overtime pay case
How federal labor laws affect state-legal marijuana businesses could remain murky after the U.S. Supreme Court decided not to hear an overtime pay case in the cannabis sector. A petition by Helix TCS, a Colorado cannabis security firm, for the Supreme …