Greenlane Holdings, Inc.’s (NASDAQ: GNLN) highly dilutive offering caused its shares and the cannabis stock group to tumble on Tuesday. The seller of cannabis accessories, child-resistant packaging, and specialty vaporization products announced a sale of $25 million worth of shares priced at $1.19. The transaction will close on February 19, …
California’s cannabis industry appears to be taking a full-on nose dive, based on license statistics from the state this month. To back up reports of falling sales, lower-than-expected state cannabis tax revenues and ever-increasing unpaid industry tax bills, the state’s Department of Cannabis Control license database now shows that there …
The Maine Office of Cannabis Policy is under investigation by a legislative committee at the state Capitol in Augusta. State Rep. David Boyer confirmed the investigation by the Committee on Government Oversight to WGME this week and said the committee members voted unanimously to launch an investigation at his request. …
Colorado cannabis sales started the year at their lowest January level in eight years, according to new monthly data from the state, following a year that saw total revenue fall below $1.4 billion for the first time since 2016. Total marijuana sales reached $113.6 million in January, down 1.6% from …