This story was republished with permission from Crain’s Detroit. The remaining assets — ovens, centrifuges, laptops, lighting and a candy production line — of the state’s once-largest marijuana growing operation are up for auction. Skymint, whose cultivation assets have been under the authority of a court-ordered receiver since March 2023, …
Louisiana’s hemp industry is challenging a new state law that tightens restrictions on hemp-derived products, arguing it conflicts with federal law and could criminalize products that have been legal for for the half a decade now. According to Law360, the Hemp Association of Louisiana and Cypress Hemp LLC filed a …
Investors filed a class action lawsuit against cannabis online marketplace WM Technology Inc. (NASDAQ: MAPS), better known as Weedmaps, citing the company’s misleading and false statements. Misleading statements In September, Green Market Report wrote that Weedmaps agreed to pay the Securities and Exchange Commission (SEC) $1.5 million to settle claims …
This excerpt is reprinted with permission from Crain’s Chicago Business. Read the full article here. The University of Illinois is scrapping its plans to build a $285 million research and teaching facility called the Discovery Partners Institute (DPI) in the South Loop on the proposed site of The 78. Instead …