Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) missed sales expectations but generated its highest-ever quarterly cash flow as it tries to clamp down on costs and make its operations more efficient these days. The Sunnyside owner said Friday its third-quarter revenue ending Sept. 30 fell to $180 million from $190.6 …
The increasingly systemic problem in the U.S. cannabis industry of cash-strapped companies not paying their bills has led more businesses attempting to develop solutions to address the problem. Although the issue first gained headlines in the sprawling California marijuana market, it has expanded to several other states in recent months. …
The nation’s largest cannabis company says it is already engaging with Donald Trump’s transition team, betting the president-elect’s pro-business stance and campaign promises could revive an industry rattled by Florida’s failed legalization bid and ongoing federal prohibition. Curaleaf Holdings’ (CURA: CA) (OTCQX: CURLF) CEO Boris Jordan revealed the early outreach …
The Maine Office of Cannabis Policy on Thursday issued another product recall, citing potentially unsafe levels of mold and yeast in a marijuana flower strain called The Soap in four shops in Bethel, Biddeford and Sanford. The recall is only the third in the state’s history, following earlier recalls in …