On the heels of a Food and Drug Administration (FDA) warning letter to the manufacturer of CBD-coated tampons marketed to relieve period pain, the company says it has pulled the products off the U.S. market. FDA had written to the company, Anne’s Daye, maker of Daye tampons, in mid-December, asserting that the “adulterated” tampons are
Minnesota’s Top Cannabis Regulator Resigns; Adult-Use Sales Launch Date Still Unknown
Charlene Briner, the Office of Cannabis Management’s interim director, is stepping down as adult-use regulations remain unfinalized. …
Innovative Industrial Properties feels pain of tenants not paying rent
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 …
DEA Approves Marion McNabb as Expert Witness for Cannabis Rescheduling Hearing
The doctor in public health will testify as a proponent for reclassifying cannabis to a Schedule III drug under the Controlled Substances Act. …
Allegations of DEA cannabis bias heat up ahead of rescheduling hearings
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 …
Ohio Businesses Sold $242 Million Worth Of Recreational Marijuana In 2024, State Agency Says
Recreational cannabis sales began in August, about nine months after Ohioans voted to approve a legalization measure. By Megan Henry, Ohio Capital Journal Ohio recreational marijuana sales surpassed $242 million as 2024 came to a close. The state’s total recreational marijuana sales were $242,167,020, as of December 28, according to the Ohio Department of Commerce
Klutch Cannabis to Rebrand Dispensaries, Launch Cookies Products in January 2025
The vertically integrated Ohio operator is focused on creating a unified experience while also offering globally recognized genetics. …
6 Cannabis Industry Legal Cases, Policy Reforms and Trends to Watch in 2025
2024 was another busy and interesting year of legal and political developments for cannabis. Here are some key issues and must-watch cases for the year ahead. …
Canopy USA taps cannabis industry veteran as president
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 …
Delaware’s Top Cannabis Regulator Resigns Amid Adult-Use Rollout
Rob Coupe, whose public service career spans 40 years, stepped down two weeks after awarding dispensary licenses but before the state’s sales launch. …
The Cannabist Co. Expands New Jersey Footprint With Dispensary Opening in Mays Landing
The company’s third dispensary in New Jersey began serving medical patients on Dec. 30, 2024, with adult-use sales to follow. …
Hemp kicks off 2025 with lawmakers and courtrooms across the country
The battle over legal hemp is continuing across the country as the conflict over intoxicating products heats up between legislators and hemp companies. Lawmakers are concerned that unregulated products are sold with mostly no age restrictions allowing minors to buy products with advertised THC levels. States have been attempting to… …
New York’s Medical Cannabis Sales Figures Go Unsung in 2024
The state’s 32 medical cannabis dispensaries eclipsed nine figures for the year, pushing the state’s combined sales total close to $1 billion for 2024 alone. …
Wisconsin Governor Proposes Allowing Citizen-Initiated Ballot Measure to Legalize Cannabis
Democratic Gov. Tony Evers is including the proposal in his state budget as Republican state lawmakers continue to lock horns on medical cannabis reform. …
Energroup Holdings to acquire California operator Cocannco
Energroup Holdings Corp. (OTC: ENHD) will enter California’s regulated cannabis industry through its planned acquisition of portfolio company Cocannco. Cocannco is simultaneously working to acquire Clearly California Products, a cannabis manufacturer that launched in 2022, the companies announced Friday. The deals would give Energroup an immediate foothold in California through …
The Hemp Co. by Curaleaf Celebrates Dry January With Debut of 2.5 mg Select Zero Proof Hemp Seltzer, New Flavors
Select Zero Proof Seltzer, infused with naturally derived hemp THC extract, is now shipping across the country in a new 2.5-milligram option with new flavors. …
Entourage Health to go private in deal with union pension fund
Canadian cannabis producer Entourage Health Corp. (TSXV: ENTG) – formerly WeedMD – will be taken private by LiUNA Pension Fund of Central and Eastern Canada for C$0.005 per share, the companies announced Monday, following months of mounting losses and debt covenant breaches. Entourage faces C$167.6 million in debt under credit …
The great culling of Michigan cannabis companies could start in earnest in 2025
This story was republished with permission from Crain’s Detroit. Michigan’s cannabis industry faces a reckoning in 2025. Oversupply and low, low prices are coming to a head in the industry, leaving a trail of shuttered cultivators and processors. The average price for an ounce of cannabis flower in Michigan’s adult-use …
Massachusetts hires new cannabis regulatory czar
The Massachusetts Cannabis Control Commission this week announced it had finally filled the long-vacant job of executive director, with a Dec. 18 vote by commissioners to hire Travis Ahern, who was originally a runner-up in October before the commission’s first choice declined the position. Ahern, the town administrator of Massachusetts …
New York passes $1 billion in legal cannabis sales, poised for more expansion in 2025
With less than 12 hours to spare before the clock switched over to 2025, New York Gov. Kathy Hochul announced that the state’s legal cannabis inudstry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but …