Cannabis Industry News

Bend, Oregon-based cannabis technology company Dutchie announced it recently raised $200 million and has acquired Greenbits and Leaflogix for an undisclosed sum.

Portland, Maine is expecting dozens of new cannabis businesses to open up in the coming weeks, about five months after the launch of adult-use sales in the state.

The Canadian cannabis producer Canopy Growth is laying off 75 employees and announced it will close its Denmark-based operations.

California officials are awarding $15 million in grant funding to localities, much of which will be distributed as low- or no-interest loans or grants for cannabis equity applicants.

British American Tobacco, one of the world’s largest tobacco companies, will buy a 20% stake in Canada’s Organigram for about $175.81 million.

An Illinois proposal seeks to block former cannabis regulators and their family members from working and investing in the state’s licensed cannabis industry.

Cannabis entrepreneurs and beer brewers have come together in Maine to release “THC Elixir,” a THC-infused, non-alcoholic version of Shipyard Brewing Co.’s Pumpkinhead beer.

Verano Holdings in Chicago is facing a RICO lawsuit for allegedly having an employee illegally transport cannabis clippings from Illinois to Arkansas. The company has called the charges “totally false and absurd.”

Curaleaf Holdings is set to acquire EMMAC Life Sciences Ltd., Europe’s largest vertically integrated cannabis company, for approximately $286 million.

Alaska officials have filed misdemeanor charges against the owners of a licensed cannabis cultivator for allegedly using illegal pesticides.

Recent FinCEN data suggests the number of financial institutions serving the cannabis industry has leveled off after a steady decline starting in November 2019.

Mississippi’s medical cannabis industry is already bustling even as the State Supreme Court considers striking down the legalization initiative that was supported by 70 percent of voters.

California Attorney General Xavier Becerra claimed in a recent court filing that the vast majority of California cannabis companies have no right to due process because they are still operating on provisional licenses.

Oakland’s Purple Heart, the city’s longest-running cannabis dispensary, is still working towards reopening after the business was besieged by criminals amidst last year’s sweeping social justice protests.

Nearly two-dozen towns and other jurisdictions in Vermont have approved adult-use cannabis retail operations in recent town meetings.

Cannabis industry taxes and fees have generated about $11.6 million each for Michigan’s School Aid Fund and Transportation Fund.

A recent survey of potential American home buyers found that just 46 percent of respondents would be willing to buy a house within one mile of a cannabis dispensary.

The Holyoke Community College Cannabis Education Center in Massachusetts is offering student scholarships for its core cannabis training program, which runs March 20-21.

Rhode Island regulators are seeking a 3rd-party lottery administrator to help select the winners for six new medical cannabis dispensary licenses.

A bill being considered in California would prohibit most employers from denying or terminating an employee due to a positive drug test for cannabis.

Seth Rogen said this week his cannabis company, Houseplant, is set for its U.S. launch this month. The products will be available in California through a Houseplant delivery service starting March 11 and in select dispensaries later in the month.

A new report found that sales of cannabis products marketed for sleep have skyrocketed 635% since the start of the pandemic.

Rowan University in New Jersey launched a cannabis institute to assist lawmakers, healthcare professionals, businesses, and more on cannabis and cannabis policy.

IRS Commissioner Charles Rettig said during a recent House subcommittee hearing that the agency would prefer if cannabis industry tax payments were not paid in cash.