Eleven months after stepping down as CEO of the Canadian marijuana giant he co-founded, former Aurora Cannabis chief executive Terry Booth said he plans to return to the marijuana industry to head up a U.S.-based cannabis investment firm that is an Aur…
Nevada Medical Cannabis Business & Marijuana Legal News
DEA might start issuing cannabis cultivation permits in early 2021
After years of delay, the U.S. Drug Enforcement Administration could soon begin issuing licenses to businesses and institutions to cultivate cannabis for scientists researching the plant. “I expect them to start issuing licenses no later than the first…
Marijuana MSO MedMen fights to turn around finances, but challenges linger
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge chall…
Metrc sees new seed-to-sale tracking markets, welcomes cannabis industry’s ‘constructive criticism’
With five states voting in favor of new marijuana markets last month, Metrc sees fresh opportunities to extend its dominance in the seed-to-sale tracking business by winning new government contracts. The Florida-based company also acknowledged its trac…
Premium-priced cannabis products take a larger share of overall flower sales
Even during tough economic times, marijuana consumers are turning to higher-priced flower products – a signal that cannabis users are increasingly willing to spend more money on such merchandise. The trend could be mirroring the beer and wine sec…
Marijuana regulators across US to share best practices, offer advice
Marijuana regulators from 19 states have established a nonpartisan organization to share best practices and industry knowledge. The Cannabis Regulators Association (CANNRA) also will assist federal, state and local authorities that have approved or are…
Week in Review: NY medical marijuana market could slow adult use, state legalization funding, Mississippi obstacles & more
New York Gov. Andrew Cuomo wants to legalize adult-use cannabis, but the state’s heavily restricted medical marijuana program could hamper those efforts. MJBizDaily takeaway: Experts believe that New York needs to expand its MMJ program in advanc…
Nevada marijuana market regains footing after strict COVID-19 restrictions, fewer tourists
Nevada’s recreational marijuana sales have largely recovered, having slumped in the spring from some of the strictest coronavirus shutdown measures in the nation and dwindling numbers of tourists visiting Las Vegas. Industry officials link the re…
Nevada cannabis companies face penalties for violations
Two Nevada marijuana companies might lose their business licenses and incur fines from state authorities for alleged violations of industry regulations. The case appears to represent a new push by regulators to crack down on cannabis companies in the s…
Group inks $182.8M of cannabis deals in bid to become publicly traded REIT
A New York-based limited partnership said it has entered binding agreements to acquire 15 marijuana-related properties in nine states for $182.8 million with the intention of becoming a leader in the cannabis real estate investment trust (REIT) sector….