Cannabis Business & Financial News

House Plans SAFE Banking Act Vote by Month’s End

Mon / Sep 16th

House Majority Leader Steny Hoyer (D-Maryland) is planning to put the SAFE Banking Act up for a full floor vote… Read More

Curaleaf Chairman Reportedly First Cannabis Billionaire

Thu / Sep 12th

Curaleaf chairman Boris Jordan is the first and only person so far to make $1 billion from the legal cannabis… Read More

Massachusetts Mayor Arrested for Extorting Cannabis Companies

Fri / Sep 6th

Mayor Jasiel Correia of Fall River, Massachusetts was arrested Friday morning for allegedly attempting to extort cannabis companies for hundreds… Read More

Nevada Nets Over $100M From Cannabis Taxes and Fees

Thu / Sep 5th

Nevada collected more than $100 million in cannabis-derived revenues over the last fiscal year, the Nevada Independent reports. The revenues… Read More

North American Cannabis Industry Projected at $47.3B by 2024

Wed / Sep 4th

According to a report by Prohibition Partners, the North American cannabis industry could reach $47.3 billion annually by 2024, with… Read More

Arkansas Medical Cannabis Sales Top $6M In 3 Months

Mon / Aug 26th

Medical cannabis sales in Arkansas have reached $6.04 million just three months after sales commenced in the state, according to… Read More

Canada’s Cannabis Industry Jobs Nearly Quadrupled from 2018

Fri / Aug 23rd

Canada’s cannabis industry has seen employment numbers nearly quadruple over the last year – from 2,630 jobs to 9,200 jobs,… Read More

Weedmaps Pulls Unlicensed Listings

Thu / Aug 22nd

Weedmaps is no longer going to allow for or advertise unlicensed cannabis businesses, the company announced on Wednesday, along with… Read More

Aurora Acquires Hemp Company; Announces Aurora Hemp

Tue / Aug 20th

Aurora Cannabis Inc. has completed their purchase of Hempco Food and Fiber Inc. after acquiring all of its outstanding common… Read More

Cannabis Sales Top $1M at Outside Lands

Thu / Aug 15th

Attendees at the Outside Lands festival bought more than $1 million worth of cannabis products at the state-approved GrassLands section… Read More

California Cannabis Sales Set to Pass $3B This Year

Thu / Aug 15th

A new report released today by Arcview Market Research and BDS Analytics shows how California’s legal cannabis sales are on… Read More

More CannTrust Compliance Violations Discovered by Health Canada

Tue / Aug 13th

The woes continue for CannTrust Holdings Inc. as Health Canada has cited them for constructing two rooms at its Vaughan,… Read More

Canopy Growth Acquires Medical Cannabis Research Firms

Mon / Aug 12th

Canopy Growth (CGC) has acquired Beckley Canopy Therapeutics, a research firm it co-founded in 2018, the Motley Fool reports. The… Read More

CannTrust Financial Auditor Responds After Health Canada Action

Mon / Aug 12th

The auditor for Canadian cannabis company CannTrust Holdings, Inc., KPMG, is withdrawing its audits of CannTrust’s financial statements after Health… Read More

Massachusetts Regulators Fine Cannabis Company Over Pesticide Use

Fri / Aug 9th

The Massachusetts Cannabis Control Commission has fined Plymouth-based cannabis company M3 Ventures $50,000 after an employee lied about the firm’s… Read More

Arizona Beverage Co. Reaches Cannabis Deal with Dixie Brands, Inc.

Thu / Aug 8th

AriZona Beverage Co., the company that produces AriZona Iced Tea, has reached a deal with Denver, Colorado, based Dixie Brands,… Read More

Ohio Company Recalls THC-Infused Water-Soluble Drops

Mon / Jul 29th

Ohio medical cannabis company Standard Wellness has issued a voluntary recall on its THC-infused water-soluble drops, the Cincinnati Enquirer reports.… Read More

Federal Cannabis Lobby Spending Set to Outpace 2018 Totals

Fri / Jul 26th

Cannabis industry lobbying spending in Washington, D.C. is on pace to break the record levels set last year, according to… Read More

Aurora Wins Italian Medical Cannabis License

Thu / Jul 18th

Canadian cannabis company Aurora Cannabis Inc. has been selected as the only winner of a license to provide medical cannabis… Read More

Curaleaf Set to Acquire Grassroots for $875M Cash & Stock Deal

Thu / Jul 18th

Curaleaf Holdings Inc. has agreed to acquire GR Companies Inc., better known as Grassroots, in an $875 million cash and… Read More

Senate Committee Schedules Landmark Cannabis Banking Hearing

Wed / Jul 17th

A key Republican-controlled Senate committee plans to investigate the lack of banking services for state-legal cannabis companies, Tom Angell reports… Read More

CannTrust Suspends Sales & Shipments Following Health Canada Crackdown

Fri / Jul 12th

Embattled Canadian cannabis company CannTrust has voluntarily suspended all sales and shipments of its products after Health Canada found that… Read More

Amanda Mac: Organizing a Cannabis Festival Event

Wed / Jul 10th

Amanda Mac has worn numerous hats in the cannabis industry, including running an educational series for fellow cannabis professionals, co-hosting… Read More

Jay-Z Joins Caliva as Chief Brand Strategist

Wed / Jul 10th

California cannabis company Caliva has added Jay-Z as its chief brand strategist, Rolling Stone reports. A large part of his… Read More