Marijuana Business News

The DOJ defends federal cannabis prohibition, citing Supreme Court precedent, despite state-level legalization. The U.S. Department of Justice has urged a federal appeals court to maintain the nationwide ban on cannabis, defending Congress's broad authority to regulate the substance despite its

The U.S. Hemp Roundtable Taps Two Prominent Executives In Hemp Beverage Space Into Its Ranks The U.S. Hemp Roundtable made headlines in early September as its board of directors welcomed two distinguished leaders from the hemp beverage sector to its officer ranks. Art Massolo, vice president of

MedMen was once celebrated as the 'Apple Store of Weed and reached a $2 billion valuation. By April 2024, MedMen had filed for bankruptcy. As California's cannabis market expanded after legalization, several leading companies seemed poised for dominance. However, due to mismanagement, regulatory

The deal includes Wana Wellness, LLC, The CIMA Group, LLC and Mountain High Products, LLC. Canopy Growth Corporation announced on Wednesday that Canopy USA, LLC has completed its acquisition of Wana. The deal includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The top

Flora Growth is eyeing Germany's new hemp legislation as a major opportunity, with plans to enter the market soon. Publicly traded Flora Growth Corp. is closely monitoring Germany's newly approved legislation on industrial hemp, viewing it as a potential game-changer for the European market. Germany

Jonathan Miller: "We were shocked by the new emergency regulations." The hemp industry in California is under rising pressure after Governor Gavin Newsom issued emergency regulations that effectively hinder further development of the industry, according to Jonathan Miller, general counsel of the U.S

Aaron Grey said at Benzinga's Cannabis Capital Conference that the removal of 280E will be transformative for cannabis operators. “The fall of 280E will be the single most impactful moment for cannabis operators in decades,” said Aaron Grey, senior analyst at Alliance Global Partners, on Tuesday at

California's new restrictions on the sale of hemp products have sparked debate within the cannabis community. As California moves forward with emergency regulations on hemp, concerns are growing about the potential consequences for the cannabis industry. Governor Gavin Newsom‘s new restrictions

Hemp&Health agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns the Voyager Genetics brand. New Polish And Portuguese Hemp Partnership Hemp&Health, a Polish medical cannabis company, agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns

Despite increasing revenue, over 200 retail license holders, especially social equity programs, remain in limbo. A report filed with the New York State Legislature on Oct. 1 by the Office of Cannabis Management (OCM) and the Cannabis Control Board (CCB) reveals significant growth in the state's

When Ohio recreational cannabis shops officially opened their doors on Aug. 6, sales zoomed to over $22.5 million in the first 12 days. Ohio's recreational marijuana industry is gaining momentum, with sales reaching $76.3 million as of the end of September. When recreational cannabis shops

Colorado's marijuana sales and tax revenue are back on the decline after a hopeful end to 2023, indicating there's more fueling the market than simply recovering from the pandemic. The falling demand is largely due to two main factors: decreased consumption following a pandemic-fueled surge and the