Depending on location and market maturity, some state dispensaries charge more than quadruple the price of others on average. …
The Daily Hit: December 19, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, December 19, 2024. On the Site Farm Bill extension leaves hemp industry rules intact for now, including intoxicating products The farm bill extension would run through March 2025. Read more here. Cansortium completes merger with RIV …
Massachusetts regulators order single-lab testing to combat cannabis lab shopping
Massachusetts regulators will require cannabis businesses to use a single laboratory for all compliance testing in an effort to prevent companies from shopping around for favorable test results. The state’s Cannabis Control Commission voted 3-0 to require licensed businesses submit testing samples to one independent laboratory starting April 1, 2025, …
FLUENT Completes Acquisition of RIV Capital, Adding New York Operations to Footprint
The all-stock transaction accelerates FLUENT’s entry into one of the fast-growing cannabis markets in the world. …
Minnesota’s Top Cannabis Magnate Won’t Entertain Adult-Use Sales Launch Date
Office of Cannabis Management head Charlene Briner said the state’s regulators are ‘not going to anticipate’ a specific date for dispensary sales to commence. …
Review: Clinical Trials Demonstrate Effectiveness of Cannabinoids for Managing Peripheral Neuropathy
“Of the included studies, 79 percent showed improvement in neuropathic pain following treatment,” researchers determined. The post Review: Clinical Trials Demonstrate Effectiveness of Cannabinoids for Managing Peripheral Neuropathy appeared first on NORML.
West Virginia: Supreme Court Rules Against Medical Cannabis Use While on Probation
Judges may prohibit people on probation from using medical marijuana, according to a ruling by the state’s Supreme Court. The post West Virginia: Supreme Court Rules Against Medical Cannabis Use While on Probation appeared first […]
Organigram eyes global cannabis growth after Motif deal
Fresh off its biggest deal yet, Organigram Holdings (Nasdaq: OGI) is now refocusing its attention beyond Canada’s borders. The cannabis producer’s executives painted an ambitious picture during Wednesday’s earnings call, detailing plans to dive deeper into Germany’s medical market while squeezing more value from their recent Motif Labs purchase. “There’s …
Farm Bill Gets Another 1-Year Delay, Leaving Hemp, THCA Untouched—For Now
Congressional leaders in Washington agreed to invest $10 billion in economic disaster assistance for agriculture in their continuing resolution. …
Michigan’s cannabis prices continue to free fall, spelling trouble for industry
This story was reprinted with permission from Crain’s Detroit. The year continues to get worse for Michigan’s marijuana growers as prices remain in free fall. Prices for adult-use marijuana prices dropped another 3% in November to $71.80 for an ounce of flower, down nearly 23% from the start of the year, …
Planet 13 Opens 29th Florida Dispensary in Gulf Breeze
The new medical cannabis retail location in the Pensacola metropolitan area is the company’s 33rd store nationwide. …
Weedmaps co-founders bid to take company private
The co-founders of WM Technology Inc., the parent company of online cannabis marketplace Weedmaps, have submitted an offer to take the company private at $1.70 per share in cash, according to a letter sent to the board of directors on Tuesday. The news sent shares of WM Technology (Nasdaq: MAPS) …
Scorecards Highlight Gaps in CA Local Cannabis Policies Amid Rising Public Health Concerns
California cities and counties urged to step up for public health and social equity …
Scorecards Highlight Gaps in California Local Cannabis Policies Amid Rising Public Health Concerns
California cities and counties are being urged to step up for public health and social equity. …
California Releases New List of Acceptable Pesticides for Use on Cannabis
The state’s Department of Pesticide Regulation released the resource for cannabis cultivators to easily identify 261 legal pesticide products. …
Charlie Fox opens largest northeast dispensary in Times Square
Charlie Fox recently opened the doors for its Times Square dispensary, which is now the largest dispensary in the Northeast. Green Market Report‘s executive editor, Debra Borchardt, caught up with Charlie Fox Co-Founder James Mallios to discuss the group’s decision to locate a luxury cannabis dispensary in the heart of …
Does Medical Cannabis Have Physical, Mental Health Risks? Rutgers Health Kicks Off Study
Rutgers Health researchers will emphasize cannabis use disorder, which involves tolerance and dependence, in the five-year, federally funded study. …
Michigan Dispensaries Break $3 Billion Annual Sales Record, 103K Pounds Monthly Flower Record
The records come as the state’s average retail price per ounce dropped to another all-time low in November. …
Alabama cannabis regulators slash business fees by a quarter
The Alabama Medical Cannabis Commission last week decided to roll back “most cannabis business license fees by 25%,” potentially providing some financial relief to business owners who have been waiting months for the market to launch as legal battles over some permits have continued in court. The commission voted on …
STIIIZY faces another suit over marketing to teens, psychosis claims
Twin sisters in California sued cannabis leader STIIIZY last week, alleging its high-potency vaping products and youth-oriented marketing led them to develop cannabis-induced psychosis and drop out of high school. The lawsuit, filed Dec. 12 in Los Angeles Superior Court, claims the company marketed dangerous THC vaping products to teenagers …