Medical Cannabis Industry & Recreational Marijuana Business News – Page 2

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, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they a…

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Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market

Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver…

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Massachusetts medical cannabis patient numbers top 100,000

The number of medical cannabis cardholders in Massachusetts has soared by more than 30,000 in the past year and now is at its highest level since the state’s first dispensary opened in June 2015. There are currently 100,000 medical marijuana patients i…

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Aurora reports lower sales of adult-use cannabis

Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis…

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South Dakota governor to delay medical cannabis program until 2022

South Dakota Gov. Kristi Noem announced the state will delay implementing legalization of medical marijuana until next year.
South Dakota governor to delay medical cannabis program until 2022 is a post from: Marijuana Business Daily: Financial, Legal &…

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Judge shoots down South Dakota’s adult-use marijuana amendment

In a major blow to South Dakota’s nascent legal marijuana industry, a circuit court judge ruled that a voter-approved constitutional amendment legalizing adult-use marijuana is unconstitutional. The recreational marijuana amendment would have gone into…

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Scammers preying on Michigan marijuana businesses, regulator warns

Michigan’s marijuana regulatory agency is warning local cannabis companies that fraudsters are masquerading as regulators and industry executives in a bid to trick employees into sending money or security information about their businesses. One busines…

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Market for licensed marijuana businesses heats up as buyers snap up retail stores, other properties

The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by new entrants into the industry, hopes for federal marijuana reform and multistate operators keen to expand their footprint. On the flip …

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iAnthus receives $11M loan, go-ahead to finish New Jersey cannabis facility

Cannabis multistate operator iAnthus said it has closed on $11 million of financing to complete a build-out and improvements of a cultivation and processing facility in New Jersey. The facility is the subject of litigation between MPX New Jersey and iA…

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Funding for marijuana companies surges after Democrats win control of White House, Congress

A Democratic election trifecta – control of the White House and both chambers of Congress – is giving marijuana industry executives hope for federal reform and encouraging investors to pump a record amount of money into cannabis businesses …