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West Virginia Seeks Financial Institution to Handle Medical Marijuana Money
April 23rd, 2019West Virginia Seeks Financial Institution to Handle Medical Marijuana Money State lawmakers passed a bill earlier this year to allow financial organizations, like credit unions, to bid for the job. CHARLESTON — The state Treasurer’s Office hopes to have a request for proposal (RFP) issued within the next month with the goal of hiring a […]
Canopy Kicks Off Cross-Border Cannabis Consolidation
April 22nd, 2019By Kristine Owram |April 21, 2019, 8:00 AM EDT Cross-border cannabis consolidation has begun. Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs. The deal is “the most […]
Cannabis vape products with cutting agent recalled in Michigan
September 24th, 2020Michigan 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 tested in August and found to contain the thickener vitamin E acetate, a possible culprit in e-cigarette […]
GW Pharmaceuticals cannabis drug gets regulatory OK in Australia
September 24th, 2020GW Pharmaceuticals’ plant-derived CBD drug Epidyolex received approval from Australia’s Therapeutic Goods Administration (TGA) to be used in treating seizures related to Lennox-Gastaut syndrome and Dravet syndrome for patients 2 and older. The approval is the third major global regulatory approval for Epidyolex, GW said in a news release. “The TGA approval is further proof […]
4Front closes on sale of three Maryland medical marijuana dispensaries
September 24th, 2020Multistate 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 Ethos Cannabis announced in a news release that it acquired the rights to 4Front dispensaries in Rockville, Catonsville and […]
Wholesale cannabis bud prices rise significantly in Colorado
September 24th, 2020The 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 marijuana bud was $1,316, and the average market rate for a pound of […]
Extreme weather patterns force cannabis growers to rethink cultivation strategies
September 24th, 2020As 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 marijuana growers, in particular, are vulnerable to severe changes in weather, prompting farmers to consider moving their crops inside […]
High Times may have lost two California cannabis retail leases from Harvest deal
September 23rd, 2020Los 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 was announced in April. According to SF Weekly, a property at 5600 Geary Blvd. that High Times was […]
California won’t increase cannabis taxes for a year thanks to new law
September 23rd, 2020California 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 Administration from adjusting the cannabis excise tax markup amount until July 1, 2021, the Modesto Bee […]
BC won’t compel private cannabis stores to carry Indigenous products
September 23rd, 2020Participation in British Columbia’s upcoming Indigenous Shelf Space Program will be voluntary for the province’s privately owned cannabis stores, according to provincial regulators. The relatively small number of government-run stores – 20 so far – will participate, at a minimum. But industry sources expect interest among the 236 (and counting) private-sector stores to be strong. […]
Illinois marijuana retail hopefuls drop suit after getting second chance
September 23rd, 2020A group of unsuccessful cannabis retail store license applicants in Illinois withdrew their legal challenge against the state after the governor announced an application do-over. “This is what we were trying to achieve,” Jonathan Loevy, a Chicago lawyer representing the 70 marijuana dispensary applicants, told the Chicago Tribune. The federal lawsuit claimed that the state’s […]
Oregon loses at least seven cannabis businesses in wildfires; more damaged
September 23rd, 2020Wildfires in Oregon destroyed at least seven marijuana companies and damaged at least a dozen more, according to state regulators, but it’s too early to tell how the fires will affect the state’s cannabis supply chain. According to The Oregonian, seven companies were totally burned in the Beachie Creek, South Obenchain, Almeda and Holiday Farm […]
Green Kiosks expands line of sales kiosks
September 22nd, 2020September 22, 2020 – Green Kiosks, LLC, an Illinois limited liability company (“Green Kiosks”), a leader in cashiering kiosk services, is expanding its point of sale solutions for the cannabis dispensary industry and developing new standards for the dispensary of the future. Sales Kiosks In the wake of COVID-19, dispensaries are looking for convenient, self-service […]
Chocolate in cannabis edibles might compromise potency test accuracy
September 22nd, 2020The chocolate in cannabis-infused chocolates may interfere with the accuracy of third-party testing of cannabinoid levels mandated in many jurisdictions. This possibility, set out in a new study underscores the need for the cannabis industry to develop accurate analytical techniques to provide accurate testing of potency and contamination to ensure the safety of medical and […]