A new report by the libertarian nonprofit Reason Foundation blames “arbitrary” business model structures – and their resulting competition – for hemp and marijuana on illogical federal laws that conflate the two plants, which are essentially the same but with differing cannabinoid profiles. “The proliferation of intoxicating hemp-derivative products like …
New Mexico-based Bright Green Corp. (Nasdaq: BGXX) had its shares halted from trading on the Nasdaq on Friday, the company announced in a press release, following the cancelation of a Sept. 26 appeal hearing regarding its possible delisting. The company, which won an uplisting to the Nasdaq two years ago, …
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 …