This article was reprinted with permission from Crain’s Detroit Business. Hazel Park, Michigan, marijuana processor Flavor Galaxy shuttered operations after reaching a deal with regulators over its alleged use of illicitly grown marijuana in its products. But another year will go by before Flavor Galaxy’s owners exit the industry voluntarily …
Mercanto Holdings posts second-quarter loss as Quebec cannabis market lulls
Mercanto Holdings (TSXV: MUSH) posted a quarterly net loss on Thursday as the Canadian cannabis producer grapples with market headwinds in its core Quebec region as it hones in on a national expansion strategy. The Montreal-based company, which was known as The Good Shroom Co. until January, posted a net …
Massachusetts cannabis regulators lay groundwork for social consumption
The Massachusetts Cannabis Control Commission inched closer to allowing social consumption lounges in the state, as commissioners met Thursday hammered out key details from business relationships to public safety and enforcement concerns. The commission will continue its work on the regulations this coming Monday. After completing this review, the regulations …
Hawaii lawmakers pivot from recreational legalization to medical marijuana expansion
Hawaii lawmakers are reportedly giving up the ghost on legalizing adult-use marijuana this year, but they still want a significant expansion of the state’s medical cannabis program, along with a crackdown on the illicit market. State Sen. Jarrett Keohokalole, who chairs the Senate Commerce and Consumer Protection Committee, told HawaiiNewsNow …