MedMen Acquires PharmaCann for $682 Million
Cannabis dispensary brand MedMen acquired dispensary chain PharmaCann in a $682 million stock transaction on Thursday, according to Business Insider. It… Read More
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Cannabis Business News
Here you will find the latest news affecting entrepreneurs in the cannabis industry. Are you a cannabis business owner? Subscribe to our newsletter for daily industry updates! You can also browse and join our business directory to learn about and connect with other cannabis businesses.
Washington Cannabis Industry Unites Against Candy Ban
The Washington State Liquor and Cannabis Board passed sudden rules recently banning infused hard candy, tarts, fruit chews, jellies, and… Read More
US Border Patrol Updates Lifetime Ban Policy
The U.S. Customs and Border Protection Agency (CBP) has announced that Canadians who work in the legal cannabis industry will… Read More
Walmart Eyes Entry Into Canada’s Legal Cannabis Market
The Canadian branch of Walmart Inc. is considering the pending national cannabis market as a potential new revenue source, Bloomberg reports.… Read More
Limited Places to Buy Cannabis On Legalization Day in Canada
There will be few places to buy cannabis in Canada on the first day of legal sales on October 17,… Read More
Aurora Cannabis Applies to List on NYSE
Canadian cannabis producer Aurora Cannabis Inc. has applied to list shares of the company on the New York Stock Exchange… Read More
Canadian Companies Sun Pharm and Bevo Merge to Form Zenabis
Two Canadian cannabis companies are merging to create Zenabis, which will be one of the world’s largest cannabis producers, according… Read More
High Demand for Low-Potency Cannabis Expected in Canada
A report by market analysts at Deloitte indicates that federal legalization in Canada on Oct 17. is expected to create… Read More
Washington to End Sales of Cannabis Gummies, Hard Candies
Washington regulators will ban the production and sale of cannabis-infused gummies and hard candies, according to an online presentation from… Read More
Massachusetts Issues First Cannabis Retailer Licenses
The Massachusetts Cannabis Control Commission has issued the first set of licenses for cannabis retailers since the state voted to… Read More
High Times Acquires DOPE Magazine for $11.2 Million
High Times Holding Corp. announced today in a press release that it was acquiring Seattle-based DOPE Magazine; it is the… Read More
Coca-Cola Considering CBD Product Line
The Coca-Cola Co. is the latest major beverage company to consider investing in the cannabis space, BNN Bloomberg reports. Coke, the… Read More
Michigan Judge Blocks the Shutdown of 98 Dispensaries
A judge in Michigan has blocked an effort by state officials to shutter 98 medical cannabis dispensaries, the Associated Press reports.… Read More
Analysts Expect CBD Market to Reach $22 Billion by 2022
An analysis completed by The Brightfield Group has determined that the non-psychoactive, hemp-based CBD market will hit $22 billion by… Read More
Michigan Regulators to Shutter 98 Dispensaries
98 of Michigan’s medical cannabis dispensaries will need to close down until at least December after state regulators on Tuesday… Read More
Massachusetts Growers Could Sue the State’s Cannabis Control Commission
Cannabis cultivators in Massachusetts are considering a lawsuit to make the state’s Cannabis Control Commission review the statutorily-required agreements between cannabis… Read More
Alaska Growers Threatened by Craze for High-Potency Cannabis
The price of cannabis in Alaska appears to be tied directly to a product’s THC potency and that could be… Read More
Cannabis ETF Breaks $1 Billion in Assets
Ballooning cannabis stocks have caused Canadian-based Horizons Marijuana Life Sciences Index ETF (HMMJ) to break $1 Billion CAD in assets… Read More
SEC Charges Investment Fund With Fraud Over Cannabis Claims
On Wednesday, the Securities and Exchange Commission announced in a press release it had charged Texas-based Greenview Investment Partners and its founder… Read More
The Cannabis Alliance Looks for Sustainable Packaging Options
Washington state has come under fire recently for allowing garbage from its legal cannabis system to find its way into… Read More
Oregon Cannabis Growers Must Now Notify Regulators of Each Harvest
Oregon cannabis regulators have established a new rule requiring licensed cultivators to notify the state each time they harvest a… Read More
Cannabis Retail Chain Becomes First to Unionize in Washington State
Cannabis retailer “Have a Heart” and workers union “United Food and Commercial Workers 21 (UFCW21)” have signed Washington state’s first… Read More
Pennsylvania Gov.’s Office Requests Congressional Cannabis Banking Protections
On Friday, the administration of Pennsylvania Gov. Tom Wolf (D) wrote a letter to top leaders in Congress calling for… Read More
Treating Cannabis Like Wine, California Plans Region of Origin Regulation
The California Department of Food and Agriculture (CDFA) is planning an “appellation of origin” system to regulate the naming of… Read More