The U.S. cannabis industry has been whipped into a frenzy over the now-very real prospect that marijuana will be reclassified at the federal level, given President Joe Biden’s announcement last week, but big questions remain about when the process will be completed. Several well-known cannabis attorneys previously warned that the …

4Front Ventures Corp. (OTCQX: FFNTF) reported a year-over-year revenue decline in the first quarter of 2024 ending March 31, as it continues investing in cultivation and retail growth initiatives. 4Front posted revenue of $18.8 million for the January-March period, down from $26.3 million in the same last year. The Phoenix-based …

A new report on Massachusetts marijuana licensing cautioned against unchecked expansion in cannabis retail and cultivation in the state, as both sectors face oversupply risks. The analysis by Whitney Economics examined licensing data across the state’s supply chain – from cultivators and product manufacturers to retail stores. It aimed to …

Nature’s Miracle Holding Inc. (NASDAQ: NMHI) and Agrify Corporation (Nasdaq: AGFY) are merging in an all-stock deal that will see the California-based indoor farming tech company acquire its smaller, cash-strapped rival at an equity valuation of around $6.4 million. Under the terms of the definitive merger agreement announced Thursday, Nature’s …