Verano Holdings Corp. (OTC: VRNOF) announced Monday it has entered agreements to acquire cannabis operations in Virginia and Arizona from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF). The move will expand Verano’s footprint into 14 states. The deal gives Verano entrance into Virginia’s medical cannabis market ahead …
Red Light Holland posts 20% revenue growth in 2024
Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a 20.3% increase in annual revenue for its 2024 fiscal year, which ended March 31, as it diversifies to mitigate wider regulatory slow-crawls in the psychedelic space. The Ontario-based company reported revenue of $4.75 million, up from $3.95 million in the …
Adult-use marijuana sales should be just around the corner in Ohio
This story was republished with permission from Crain’s Cleveland and written by Jeremy Nobile. Adult-use marijuana sales should be just around the corner. According to the Ohio Division of Cannabis Control, as of Friday, July 26, regulators have awarded a total of 34 dual-use certificates of operation (COO) to marijuana …
Cannabis legal experts emphasize uncertainty with rescheduling at Chicago conference
The federal marijuana rescheduling process is far from complete, and major questions over the timeline still loom large over the U.S. cannabis industry. That was the sentiment from a bevy of legal experts and industry insiders during several panels at a gathering of the International Cannabis Bar Association in Chicago …