Connecticut has joined many of its peers and established a new state agency devoted solely to regulating and overseeing its marijuana industry. The new office, which has yet to be formally named, will still be housed within the state Department of Consumer Protection, but will be set apart from another …
Cannabis and hemp research firm Whitney Economics lowered its U.S. cannabis retail market forecast through 2030, cutting projected sales by $21.1 billion, according to a new report released Wednesday afternoon. The Oregon-based consultancy now forecasts 2025 U.S. legal cannabis sales will reach $34 billion, which represents 13.1% growth from 2024’s …
At the recent Pennsylvania Cannabis Convention in Pittsburgh, stakeholders in the existing medical market all fear that the state may legalize adult-use cannabis but pivot to a state store program. They claim this will crush the 25,000 jobs created with the medical program. The state currently hosts numerous MSOs as …
The company’s new retail facility between Cincinnati and Dayton will be the first licensed cannabis store in the local community. …
The Senate adopted a House bill that would also ease the process of obtaining a medical cannabis recommendation and add new cultivation licenses. …
SNDL Inc. (Nasdaq: SNDL) is buying 32 cannabis retail stores known as Cost Cannabis and T Cannabis in Ontario, Alberta and Saskatchewan from 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) in a deal valued at C$32.2 million. The deal is expected to close by the end of the third quarter of… …
The cannabis company’s agreement with the University of California, Berkeley, includes research into novel medicinal product development. …
The state’s head regulator pointed to local zoning issues, saying a delay in securing a service code for background checks ‘hasn’t slowed us down.’ …
Company leadership at Tilray Brands (NASDAQ: TLRY) insisted during the quarterly earnings call on Tuesday that an eye-popping $793.5 million net loss for its most recent quarter is no big deal, given that the business is continuing to pivot and expand its footprint internationally in both cannabis and beverages. The …
At least some of Connecticut’s 38 social equity marijuana licenseholders are pushing state legislators to revise state law to allow them to cash out and walk away from the industry in three years instead of the original seven-year ownership requirement that was written into regulations. Several of the 38 – …
New York marijuana regulators are reportedly investigating six companies that may have taken part in illegal shipments of cannabis across state lines in violation of both federal and state law, according to The New York Times. The targets of the investigation, according to unnamed sources, include California-based Stiiizy and Turn, …
The law firm alerted investors of the class action filing against the cannabis company and certain officers. …
The shareholder rights law firm issued a stockholder notice and is investigating allegations that the cannabis company misled investors. …
New Mexico Gov. Michelle Lujan Grisham signed the Medical Psilocybin Act, making it the third state in the country to legalize access to psilocybin. Green Market Report had previously written that S.B. 219, also known as the Medical Psilocybin Act, was approved with bipartisan veto-proof majorities in both chambers of the …
Tilray Brands (NASDAQ: TLRY) reported third-quarter fiscal 2025 financial results Tuesday showing reduced cannabis sales and lowered forecasts, triggering a swift investor reaction. Shares were down 6.56% to $0.54 in morning trading as investors responded to both the significant losses and downward revisions to future revenue projections. Cannabis sales declined …
The global cannabis company generated a net revenue of $186 million in the third fiscal quarter, verifying it has no current impacts from U.S. tariffs. …
The new retail facility in Southern California marks the cannabis brand’s 44th store nationwide. …
Cannabis is not an industry for the timid. The plant remains federally illegal, with little movement toward change. Banking continues to be an issue, and legislative relief seems to be a low priority. Businesses can’t claim standard tax deductions, and rules vary wildly from state to state. And don’t forget plunging… …
The Massachusetts cannabis industry has continued to grow in recent years, and social equity advocates want to rein in state lawmakers who want to let regulators issue even more business permits. The goal is to protect the market share of small cannabis companies that have yet to really find their… …
The Minnesota Office of Cannabis Management abandoned its preapproval lottery for social equity licenses amid a stay late last year. …