Missouri regulators denied certification for a slew of social equity marijuana licenses issued in a recent lottery, citing eligibility issues. The state health department announced last week that only 25 of the 57 microbusiness licenses issued in June were certified as eligible. “Licenses that are not certified as eligible are …
By the Numbers: The state of the pre-roll industry
By Harrison Bard, CEO and co-founder, Custom Cones USA The pre-roll is not only one of the most recognizable symbols of the cannabis industry, but the pre-roll market also continues to be one of the major drivers of sales and innovation throughout the country. Pre-rolls are the No. 3 sales …
Tilray leaders eyes global expansion despite recent losses
While international cannabis and beer company Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) has experienced markedly better financial results since its eye-popping $1.4 billion loss for fiscal year 2023, the company’s pivot into beer and hemp has not yet solved its financial woes, with $222 million lost last year and …
StateHouse files for bankruptcy in Canada, officially enters US receivership
StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) filed for bankruptcy in Canada and began receivership in the United States, the company announced this week. The vertically integrated cannabis firm, which operates 11 dispensaries across California, made the filing under Canada’s Bankruptcy and Insolvency Act. The move follows the launch of receivership …