Cannabis Industry News

In the company’s first move into the Florida marketplace, Cresco Labs is set to acquire Bluma Wellness Inc. in an all-share deal that values Bluma at $213 million.

Medical cannabis industry workers in Maryland will be eligible to receive the coronavirus vaccine under a recent Medical Cannabis Commission directive.

ProVerde Laboratories in Portland, Maine has been shut down for conducting cannabis tests without a proper license. With no license, the testing lab is allowed to test hemp and CBD products but not medical or adult-use cannabis.

Ilinois state senators have advanced a measure aimed at improving the state’s social equity cannabis licensing process.

The hacker behind a Christmas Day intrusion into the Microsoft Cloud software of Aurora Cannabis appears to be trying to sell the company’s data on an online marketplace.

A woman who filmed herself participating in the riots at the U.S. Capitol Building in Washington DC last week has professional ties to the cannabis industry.

Cannabis regulators in Oregon issued an immediate recall after an extract product failed pesticide testing. The contaminated cannabis originated from a medical grower whose product was transferred to the adult-use industry.

Anticipating accelerated cannabis reforms around the country, Curaleaf Holdings yesterday announced an offering of 16.5 million subordinate voting shares at C$16.70 per share.

The State Bar of South Dakota said in its latest newsletter that attorneys in the state are not allowed to provide legal services to cannabis industry clients.

The UFCW California chapter and Have-a-Heart dispensaries in Oakland and Santa Cruz have reached a back pay settlement of $75,000 for workers who missed out on union raises.

An Illinois judge has ruled against an effort by the Illinois Craft Cannabis Association to force the licensing of craft cannabis businesses in the state after many months of delay from the coronavirus pandemic.

Pennsylvania has awarded a $2 million grant to Pure Penn, a cannabis brand owned by Florida’s Trulieve, to expand its facility in McKeesport.

Rhode Island’s medical cannabis applications are in and the license lottery is set for sometime in 2021. Only six applicants will be selected.

The cannabis-focused real estate investment trust AFC Gamma in West Palm Beach, Florida has submitted a filing for going public on the Nasdaq.

A condo association in Aspen, Colorado is asking their landlord to evict a cannabis dispensary from one of its commercial units.

U.S. cannabis sales increased 67 percent in 2020 to $17.9 billion, which is $7.2 billion more than last year’s total.

Casa Verde Capital, the cannabis investment firm co-founded by Snoop Dogg, has closed on $94.7 million during its second round of investment funding.

AltMed is suing the city of Miami Beach in efforts to overturn a city board decision that blocks medical cannabis dispensaries from being located within 1,200 feet of each other.

A Pennsylvania-based cannabis investor is suing Missouri over residency requirements for the state’s medical cannabis business licenses.

Tilray and Aphria, two licensed cannabis producers in Canada, have announced they are combining to create the world’s largest cannabis company based on pro forma revenue.

Oregon’s Deschutes County has announced a lawsuit saying it should be paid a portion of the state’s cannabis tax revenue despite having banned any new cannabis processing and cultivation facilities in the county in 2019.

Aurora Cannabis has announced it will cut production at its Aurora Sky facility to just 25 percent of its previous capacity. The move will also lay off 214 workers.

Praxis Labs in Washington state has had its license suspended amid allegations that the cannabis testing lab was inflating THC results. The lab has decried the allegations as false, calling them libel and a case of “agency overreach.”

LeafLink has announced the close of a $40 million investment round led by Peter Thiel’s Founders Fund.