Ohio’s recreational marijuana market surpassed $242 million in sales through late December, rounding out a relatively strong debut for the Midwestern state’s adult-use program. Total recreational marijuana sales hit $242.2 million since the August launch, with consumers purchasing 32,487 pounds of cannabis flower and more than 4 million manufactured products, …
While Innovative Industrial Properties (NYSE: IIPR) had been managing to stay ahead of nonpaying tenants, the cannabis real estate investment trust (REIT) is now suffering along side the rest of the cannabis industry. The reason? One of its largest portfolio holdings has joined the nonpaying cohort. And now shareholders are …
Cannabis industry players are cranking up accusations that the Drug Enforcement Administration has engaged in improper behind-the-scenes communications and demonstrated deep-seated bias in its handling of marijuana rescheduling proceedings. Village Farms International (NASDAQ: VFF) and advocacy group Hemp for Victory filed a motion Monday with the DEA’s administrative law court …
Canopy USA has chosen longtime cannabis industry veteran Brooks Jorgensen, a former Kiva executive and liquor industry insider, to run the venture as its president. The United States wing of Canada-based Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC), Canopy USA owns a small portfolio of marijuana brands already, including edibles …