Even if Arizona voters back recreational marijuana legalization on Nov. 3, don’t expect a wide-open cannabis market with lots of new business licenses immediately up for grabs in the Southwest state. That could change over time, depending on the …
Recreational Marijuana News
Michigan completes phase-out of medical cannabis caregivers
Michigan regulators finished phasing out all medical marijuana caregivers as part of the state’s retail cannabis supply chain, leaving all responsibility for MJ production in the hands of licensed growers. According to Ann Arbor radio station WUO…
Cannabis NB posts CA$3.3 million quarterly profit as privatization review continues
Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, has posted a third consecutive positive quarter with profits of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a delayed government…
Schwazze backs out of deal to acquire marijuana R&D firm MedPharm
Denver-based Schwazze said it has terminated its planned acquisition of MedPharm, a medical marijuana company in the same city that landed Colorado’s first cannabis research and development license. Schwazze said earlier this year it had moved fo…
Ayr Strategies moves into Ohio medical cannabis market, boosts PA presence
Ayr Strategies announced deals worth $39 million that will allow the multistate marijuana operator to enter a new market, Ohio, and expand its presence in Pennsylvania. The company’s two transactions in Ohio are worth a total of $18.2 million and…
Western wildfire smoke delays outdoor cannabis harvest, exposing climate impact
The record wildfires that have blanketed the West Coast in smoke and ash also have blocked out essential sunlight and set back the growth of outdoor marijuana plants by weeks, leaving growers with less-than-ideal options for when to harvest their plant…
Ontario government cannabis prices beating illicit market, report says
Ontario’s government-operated Ontario Cannabis Store (OCS) claims it is undercutting illicit marijuana prices with an average price of 7.05 Canadian dollars ($5.30) per gram of dried flower, taxes included, during its first fiscal quarter. In com…
Lawsuit: Kushy Punch’s illicit marijuana market reach more than first known
Vertical Bliss’ reach into the illegal cannabis market when the company, operating as Kushy Punch, was busted in 2019 was more than three times what was estimated when it first landed in state regulators’ crosshairs. That’s according …
Canadian court rejects cannabis firm iAnthus’ restructuring plan for now
Troubled multistate marijuana operator iAnthus Capital Holdings said a deadline to reach a restructuring and recapitalization deal has been extended after a Canadian court declined to approve a plan of arrangement for the reorganization. At issue is a …
Retail marijuana applicants in Maine city might be disqualified
Twelve out of 43 of applicants for a municipal permit to sell marijuana in Portland, Maine, are facing disqualification. Maine’s largest city issued pre-denial letters to those applicants after a preliminary review, the Portland Press Herald repo…