Cannabis Business & Financial News

Whoopi Goldberg’s Cannabis Brand Shuts Down

Wed / Feb 5th

Whoopi Goldberg’s women-focused cannabis company, Whoopi & Maya, has shut down, according to a statement posted on the company’s website.… Read More

Court Approves Prescription Tax Cuts for Cannabis Businesses

Tue / Feb 4th

A New Mexico appellate court has ruled that state-licensed medical cannabis producers can claim a tax deduction for prescription medication,… Read More

Curaleaf Completes Acquisition of Cura Partners

Tue / Feb 4th

Massachusetts-based Curaleaf Holdings Inc., has completed its acquisition of Oregon’s Cura Partners including 53 dispensaries, wholesale business, and Select brand.… Read More

Oregon Company Fined for Mislabeled Cannabis Vapes

Mon / Feb 3rd

The Oregon Liquor Control Commission has levied a $110,000 fine on Cura Cannabis – the state’s largest cannabis company –… Read More

MedMen CEO Resigns and Gives Up Controlling Shares

Fri / Jan 31st

Adam Bierman, the embattled CEO and co-founder of MedMen Enterprises, is stepping down from his duties starting February 1, Investors… Read More

Report: Oregon Has Most Dispensaries Per Capita

Fri / Jan 31st

Oregon has 16.5 cannabis dispensaries per 100,000 people – more per capita than any other state, according to a report… Read More

Judge Rules Company Must Forfeit Confiscated Hemp

Thu / Jan 30th

An Idaho judge has ruled that Colorado-based Big Sky Scientific must forfeit the 6,701 pounds of hemp seized by Idaho… Read More

Leafly Lays Off 18% of Its Workforce

Wed / Jan 29th

Cannabis media company Leafly has cut 18 percent of its workforce, laying off a total of 54 employees, according to… Read More

Report: Cannabis Sales Up Among Boomers, Gen Z

Wed / Jan 29th

According to cannabis delivery company Eaze’s 2019 State of Cannabis Report, the company saw a 74 percent increase in first-time… Read More

Cannabis Licensing Scandal Sweeps Pasadena, California

Tue / Jan 28th

Critics are asking if Pasadena, California violated their own procedures when they awarded six retail cannabis licenses last year, according… Read More

Chicago Activists Call for Cannabis ‘Peddler’s Permit’

Tue / Jan 28th

Activists in Chicago are requesting peddler’s permits for cannabis, which would allow them to sell cannabis products in a similar… Read More

Trump Says Cannabis Use Reduces IQ Score

Mon / Jan 27th

During recently released audio from a 2018 dinner party attended by President Donald Trump and some of his close associates,… Read More

MedMen CEO Adam Bierman Deflects in Reddit AMA

Fri / Jan 24th

MedMen Enterprises is a well-known brand throughout the cannabis industry. Over the past several years, MedMen has built a massive… Read More

MedMen Offers Vendors Stock Instead of Cash

Fri / Jan 24th

MedMen Enterprises Inc., a cannabis company that operates in nine states, has offered its vendors shares in the company in… Read More

Cannabis Data Breach Leaks 85,000 Dispensary Files

Thu / Jan 23rd

A data breach in the cannabis point-of-sale system THSuite leaked more than 85,000 files from dispensaries throughout the U.S., including… Read More

Illinois Dispensary Receives On-Site Consumption Approval

Thu / Jan 23rd

The Springfield, Illinois City Council has approved a plan by Illinois Supply and Provisions to open a cannabis consumption area,… Read More

Denver Dispensary Robberies Reach 3-Year High

Tue / Jan 21st

Cannabis dispensary robberies and break-ins in the Denver, Colorado metro-area reached a three-year high in 2019, the Denver Post reports.… Read More

Ohio Medical Cannabis Market Still Growing After First Year

Tue / Jan 21st

Ohio’s medical cannabis dispensaries have been open for business for one year as of Thursday, January 17, 2020; over that… Read More

Eaze is Facing Cash Shortage; Plans to ‘Touch the Plant’

Mon / Jan 20th

Cannabis delivery company Eaze has recently completed a $15 million bridge funding round as the company is low on cash… Read More

Oregon Sold $793 Million of Cannabis in 2019

Mon / Jan 20th

Oregon cannabis retailers sold $793 million in 2019, which generated more than $110 million for state and county coffers, according… Read More

High Times to Buy Dispensary Licenses In Los Angeles & Las Vegas

Fri / Jan 17th

High Times has signed a deal with dispensary licensees in Los Angeles and Las Vegas with plans to open two… Read More

Washington’s Broken Seed-to-Sale System Has Cost $2M

Thu / Jan 16th

According to new documents obtained by Ganjaprenuer, the Washington State Liquor and Cannabis Board has issued nearly $2,000,000 in payments… Read More

Cannabis Business Insurance Policy Approved in Nevada

Mon / Jan 13th

The American Association of Insurance Services has expanded its Cannabis Businessowners Policy into Nevada, making it the third state to… Read More

Weedmaps Removes 2,700 Unlicensed Dispensaries

Fri / Jan 10th

Weedmaps has reportedly removed about 2,700 illegally operating cannabis dispensaries from its site since the start of the year, according… Read More