New Mexico’s two-year-old recreational cannabis market may have already reached its peak, with around the $51.1 million in total sales reported for August, according to statistics from the state Regulation and Licensing Department. For the month, New Mexico’s 1,006 dispensaries chalked up $38.9 million from 991,891 transactions in recreational sales …
New York’s chief equity officer at the state Office of Cannabis Management submitted his formal resignation, effective Nov. 27, despite being exonerated by an inspector general investigation which found he was innocent of charges that he retaliated against a marijuana company. Damian Fagon was put on administrative leave from his …
As a California-based court-appointed receiver continues working to get MedMen creditors paid and debts settled, one of the company’s former landlords in a suburb of Buffalo has filed suit against the defunct multistate operator for almost $70,000 in unpaid rent and related bills. MedMen went belly-up earlier this year, and …
Longtime Canadian cannabis retailer Tokyo Smoke announced it has begun a court-supervised sale process as part of its restructuring efforts. The company entered into a share subscription agreement with its parent, TS Investments Corp., which will put up all of Tokyo Smoke’s shares for about C$77 million, plus assumed liabilities, …