Two men are hoping for a larger class action lawsuit against Illinois-based hemp vape maker Lifted Liquids (OTC: LFTD) for making products that exceed the legal amount of delta-9 tetrahydrocannabinol (THC). Law360 reported that Josue and Sergio Hernandez filed the proposed class action lawsuit in an Illinois federal court on …
Nova Net Lease REIT (CSE: NNL.U) (OTCQB: NNLRF) plans to sell its cannabis real estate portfolio and wind down operations after struggling with low cash reserves and deteriorating market conditions in the cannabis REIT sector. The Toronto-based company will sell its operating partnership’s Class A units to Bluebird Real Estate …
This story was republished with permission from Crain’s Chicago. A marijuana grower and retailer from Western Illinois is expanding its presence in Chicago, buying three Okay Cannabis stores. Nature’s Grace & Wellness bought the dispensaries in West Town, Evanston and Wheeling from a group that includes Chicago restaurateurs Scott Weiner and …
Green Wednesday and its expected sales spike is just a week away. However, data suggests the cannabis industry’s Black Friday equivalent may be more about timing shifts than actual sales growth, with deeper discounts eating into profits. Sales data suggests consumers are simply shifting their regular weekend purchases to earlier …