Cannabis Business & Financial News

A cadre of cannabis advocates and business owners called the Alliance for Sensible Markets plans to lobby legalized states into establishing cannabis commerce between consenting markets.

Hemp farmers will have access to the second round of the USDA’s coronavirus relief plan, which will cost $14 billion and continue through December 11.

Medical cannabis companies licensed in the United Kingdom are now eligible for listing on the London Stock Exchange.

Canadian cannabis events company Lift & Co. filed for bankruptcy after its events-based cash flow dried up due to coronavirus restrictions.

A New York state prison that was shuttered in 2011 has been transformed into a new medical cannabis and hemp testing facility owned by Kaycha Labs.

Missouri House Democrats have accused the Department of Health and Senior Services of foul play during the state’s medical cannabis licensing process and of obstructing an investigation into the program.

Two years after legalizing, Vermont lawmakers have reached a final agreement on their proposal for a regulated adult-use cannabis marketplace.

A publicly-funded social equity incubator for cannabis edibles businesses has launched in Oakland, California.

The University of Wisconsin-Platteville Continuing Education Institute has partnered with Green Flower to offer the state’s first cannabis certificate program.

A new CBD product line by Martha Stewart and Canopy Growth launches this week after more than a year in development.

Dispensary workers at Sira Naturals in Massachusetts became the first in the state to unionize after workers there ratified a Collective Bargaining Agreement with UFCW, Local 1445.

A partner at one of the 21 companies chosen for Illinois’ upcoming cannabis license lottery is also an employee for the firm who graded the state’s cannabis license applications.

The number of banks and credit unions working with state-legal cannabis businesses has been on a steady decline since November 2019, according to a new FinCEN report.

Nearly four years after its voters approved cannabis legalization, Maine has issued the state’s first adult-use cannabis licenses.

New York-based Columbia Care has agreed to acquire Project Cannabis, a California cannabis brand, in a $69 million stock and cash deal.

Washington state cannabis regulators have warned the industry of an ongoing scam called the “fire extinguisher scam,” which targets licensed retailers.

Maryland cannabis regulators have concluded their investigation into the state’s review process for medical cannabis license applications, finding “no evidence of bias” or influence by a former official who was prosecuted for accepting bribes.

Eaze has expanded its Social Equity Partners Program to feature Los Angeles-based brands. The program allows customers to selectively view, purchase from, and support disadvantaged entrepreneurs.

California cannabis company Vibe Bioscience is set to acquire Cathedral Asset Holding Corporation, a wholly-owned subsidiary of Ventura Cannabis and Wellness Corp.

A recent investigation of rolling paper products found that 90% contained some quantity of heavy metals, with 8 percent testing higher than “the allowable limits” under California’s cannabis rules.

New emergency rules in Florida allow for the manufacturing and sale of medical cannabis-infused edibles. The rules take effect immediately.

Oklahoma cannabis regulators plan to revoke the license of F.A.S.T. Laboratories, which they have accused of falsifying test results and putting patients’ safety at risk.

Oklahoma-based F.A.S.T. Laboratories is under investigation by state officials for allegedly falsifying cannabis product test results.

The trademark battle between Woodstock Ventures and Woodstock Roots over the “Woodstock” name as it pertains to cannabis products is headed to the U.S. Second Circuit Court of Appeals.