New York marijuana regulators are reportedly investigating six companies that may have taken part in illegal shipments of cannabis across state lines in violation of both federal and state law, according to The New York Times.
The targets of the investigation, according to unnamed sources, include California-based Stiiizy and Turn, Oregon-based…
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New Mexico Gov. Michelle Lujan Grisham signed the Medical Psilocybin Act, making it the third state in the country to legalize access to psilocybin.
Green Market Report had previously written that S.B. 219, also known as the Medical Psilocybin Act, was approved with bipartisan veto-proof majorities in both chambers of the state…
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Tilray Brands (NASDAQ: TLRY) reported third-quarter fiscal 2025 financial results Tuesday showing reduced cannabis sales and lowered forecasts, triggering a swift investor reaction.
Shares were down 6.56% to $0.54 in morning trading as investors responded to both the significant losses and downward revisions to future revenue projections.
Cannabis sales declined during the…
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Cannabis is not an industry for the timid. The plant remains federally illegal, with little movement toward change. Banking continues to be an issue, and legislative relief seems to be a low priority. Businesses can’t claim standard tax deductions, and rules vary wildly from state to state. And don’t forget plunging…
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The Massachusetts cannabis industry has continued to grow in recent years, and social equity advocates want to rein in state lawmakers who want to let regulators issue even more business permits. The goal is to protect the market share of small cannabis companies that have yet to really find their…
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Cannabis companies have long loathed 280E tax code provision, but the on-again, off-again marijuana rescheduling process has led to creative strategies to deal with it.
One such approach – championed by accountants such as Justin Botillier of Oregon-based CalyxCPA, who is giving an upcoming webinar on the topic – relies on…
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Vertically integrated BeLeaf Medical in Missouri inked an acquisition deal that will double its retail dispensary footprint in the state through the purchase of BesaMe Wellness.
Each company already has five operational cannabis dispensaries in Missouri, according to the Division of Cannabis Regulation, but while BeLeaf’s are all clustered around St….
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Vancouver-based Vext Science Inc. (CSE: VEXT) (OTCQX: VEXTF) on Friday announced the sale of its Kentucky medical marijuana license through a subsidiary for $880,000 in cash, and said its business in the Bluegrass State going forward will only be in the hemp sector.
The cannabis processing permit was won by Vapen…
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Tilt Holdings (Cboe: CA:TILT) (OTCQB: TLLTF) on Thursday provided more details to investors regarding its defaults to its cannabis landlord on two properties in Massachusetts and Pennsylvania. The Arizona-based multistate operator said it’s facing the possibility of both leases being terminated and legal action over nonpayment of $4.1 million in…
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Felicia Reid took over as interim executive director of the New York Office of Cannabis Management during a tumultuous period. The state Office of General Services had just released a scathing audit and Gov. Kathy Hochul lambasted the state’s recreational marijuana market as a “disaster.”
Now, a year later and just…
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