(This is the second installment in an occasional series that will examine questionable cannabis laboratory testing results. The previous installment is available here.)Despite widespread acknowledgement from cannabis industry observers that commercial testing...
Coda Signature, an early entrant in Colorado’s regulated marijuana market, is the latest brand to cut business operations in the state. The homegrown, award-winning cannabis edibles maker will concentrate efforts in other markets after facing escalating challenges in...
More cannabis dispensary employees have voted to join the United Food and Commercial Workers (UFCW) labor union, this time in Columbia, Missouri, and Freehold, New Jersey. Twenty-five budtenders at the High Profile store in Columbia will join UFCW Local 655....
The day before the grand opening of the first legal adult-use store in Brooklyn, New York state officials celebrated what they vow will be the final shutdown of a longstanding illicit marijuana operation in the borough. Using the courts to permanently shutter Big...
Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million) in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial officer.The Toronto-based company also reported paying...
(This story has been updated to correct the spelling of Stiiizy President Tak Sato’s name.)Stiiizy, one of the top-selling marijuana brands in California with operations in several other states, told MJBizDaily it has no connection to illegal business practices...
Cannabis producer Canopy Growth has completed the sale of its This Works skin care and wellness unit to United Kingdom-based Inspirit Capital for 9.3 million pounds (15.9 million Canadian dollars).The sale, announced Monday, is another step in Canopy’s plan to become...
Marijuana sales in Arizona surpassed the $1 billion mark for 2023 in September, despite some month-over-month sales declines earlier this year. From January to September, total medical cannabis sales were $267 million and adult-use sales were $797 million, according...
(This story has been updated to reflect the status of Red White & Bloom’s acquisition of Aleafia Health.)Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings under one statute...
Missouri regulators could revoke up to 11 of the 48 marijuana social equity licenses issued earlier this fall after discovering the applicants were ineligible.In October, the state issued 48 microbusiness licenses reserved for “marginalized and under-represented...
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