Seventy marijuana dispensary applicants for recreational cannabis business licenses in Illinois dropped a lawsuit against the state after the governor allowed the losing bidders to make corrections and try again. The lawsuit argued that the state’s lot…
United States Cannabis Industry & Marijuana Business News
Whole Foods CEO John Mackey to keynote MJBizCon 2020
John Mackey, co-founder and CEO of Whole Foods Market as well as the co-author of “Conscious Capitalism: Liberating the Heroic Spirit of Business,” will serve as the keynote speaker for MJBizCon 2020 in Las Vegas in December. Mackey also co…
Massachusetts nears marijuana delivery from wholesalers
Massachusetts is just a step away from expanding its cannabis home delivery rules, a move designed to benefit social equity applicants as well as provide a second, potentially lucrative wholesale option. The Massachusetts Cannabis Control Commission on…
SPACs offer marijuana companies a source of funding – and a way to go public
A meteoric rise in cannabis special purpose acquisition companies – better known as SPACs – is providing private marijuana and hemp companies an unprecedented opportunity to raise money and go public. “Cannabis SPAC IPOs (initial public off…
Cannabis vape products with cutting agent recalled in Michigan
Michigan regulators recalled more than a dozen cannabis vape products sold in the Detroit area for containing a cutting agent linked to vaping-related lung illnesses. The state’s Marijuana Regulatory Agency issued a recall on vape pens that were …
4Front closes on sale of three Maryland medical marijuana dispensaries
Multistate cannabis operator 4Front Ventures said it has completed the sale of three medical marijuana dispensaries in Maryland for $5.5 million, as the Arizona-based company shifts its focus to adult-use markets such as in Illinois. Philadelphia-based…
Wholesale cannabis bud prices rise significantly in Colorado
The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue. For the quarter from Oct. 1 to Dec. 31, the average market rate for a pound of unprocessed retail marij…
Extreme weather patterns force cannabis growers to rethink cultivation strategies
As extreme weather events ravage the country from coast to coast – including wildfires, floods and early freezes – marijuana growers are being forced to reevaluate their risks and consider changes to their cultivation practices. Outdoor mar…
High Times may have lost two California marijuana leases from Harvest deal
Los Angeles-based High Times Holding apparently lost the leases on both San Francisco marijuana properties that were a key part of a much-vaunted $80 million retail acquisition from Arizona multistate operator Harvest Health & Recreation. The deal …
California won’t increase cannabis taxes for a year thanks to new law
California cannabis companies won’t see their state taxes go up until at least next year. Gov. Gavin Newsom signed into law Assembly Bill 1872 (same language as Senate Bill 827), which prohibits the California Department of Tax and Fee Administra…