California’s cannabis industry, once expected to be a model for legalization, is now facing a wave of financial distress, with an increasing number of businesses falling into receivership. Struggling with high taxes, regulatory complexities and oversupply, many operators are finding it difficult to stay afloat in the nation’s largest legal …
Jazz Pharmaceuticals plc (NASDAQ: JAZZ) filed an order in New Jersey’s District Court stating that it had dismissed the last of the patent claims against the company’s cannabis epilepsy drug Epidiolex. Jazz acquired the company GW Pharmaceuticals which had developed Epidiolex for the treatment of rare pediatric epilepsy conditions Dravet… …
This is the first in a two-part series on the opportunities in markets outside of North America. The U.S. cannabis market continues to be the largest in the world, but uncertainty around legalization and illicit market competition persists. In addition, sales have begun to soften in other markets, like …
This article was republished with permission from Crain’s Detroit Business and was written by David Eggert. Michigan Gov. Gretchen Whitmer proposed a $3 billion road-funding plan Monday, including tax increases on businesses and marijuana to help facilitate road and bridge maintenance. The proposal also includes $500 million in unspecified spending …