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...
A flurry of potential December grand openings means New York is on track to have 37 adult-use cannabis stores in operation statewide by the end of the year, Gov. Kathy Hochul said.As many as 12 recreational marijuana retailers across the state could start sales...
A Mississippi marijuana laboratory alleged that cannabis products sold in gasoline stations and convenience stores in the state contain potentially dangerous contaminants and far more delta-9 THC than is legal.Steep Hill Mississippi representatives said at the lab...
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