BC’s adult-use cannabis sales spike in November to pace Canadian growth

A City Cannabis storefront in Vancouver, British Columbia. (This story  has been updated to clarify where microcultivators are able to sell their products.) British Columbia accounted for almost all of Canada’s latest month-over-month increase in adult-use marijuana sales as the nation’s westernmost province is seeing improved access with a slate of new store openings. Canada’s retail […]

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Tribes in two states considering cannabis opportunities

An American Indian tribe in Oklahoma is exploring ways to become involved in the marijuana industry, while a South Dakota tribe will vote on whether to legalize medical and adult-use cannabis its reservation. The Cherokee Nation in Tahlequah, Oklahoma, is seeking recommendations from a seven-member committee by May 31 on marijuana and hemp opportunities for the […]

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Missouri licenses 192 medical marijuana dispensaries

It took only two days for Missouri regulators to award all 192 medical cannabis store licenses in the state. Voters approved a constitutional amendment in 2018 that requires the state’s Department of Health and Senior Services (DHSS) to license at least 192 dispensaries, 24 in each of Missouri’s eight congressional districts, according to St. Louis Public […]

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Alaska licenses state-approved social cannabis consumption

Marijuana stores in Alaska will be among the first in the United States where state-sanctioned on-site consumption is permitted. Alaska regulators approved licenses for the first retail stores where customers can smoke or consume marijuana products. Some cities in other states have approved MJ consumption sites. For example, the City Council in Springfield, Illinois, recently approved a […]

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Aphria secures CA$100 million injection from anonymous investor

Canadian cannabis producer Aphria said Friday it has entered into an agreement with an institutional investor for a strategic investment worth 100 million Canadian dollars ($76 million). Chief Corporate Affairs Officer Tamara Macgregor told Marijuana Business Daily the investor requested to remain anonymous. The investor agreed to purchase just over 14 million Aphria units at CA$7.12 apiece. […]

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Customs seizes glassware bound for Washington state’s legal cannabis markets

Hundreds of thousands of dollars of glass jars and other packaging were seized in Washington state by federal customs agents, according to several licensed marijuana businesses. The seizures, in Tacoma, Washington, raise concerns that state-lawful cannabis businesses are being unfairly targeted for importing what they believe are legal goods. The recent action was reported by […]

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San Diego preparing to restrict cannabis billboards

San Diego is expected to crack down by year’s end on billboards advertising marijuana, a move supported by much of the cannabis industry. The proposed rule would ban cannabis billboard ads within 1,000 feet of schools, public parks, playgrounds, day care centers or youth centers, the San Diego Union-Tribune reported. The restrictions would apply to […]

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Tilt Holdings founders to forfeit stock options with cannabis firm

Tilt Holdings, a Massachusetts-based marijuana company, said it reached an agreement with six of its founders to forfeit their stock options. The company said approximately 60 million options were forfeited. The options were associated with more than $47 million of expenses during the second quarter of Tilt’s fiscal 2019. Tilt reported a net loss of […]

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Medicine Man Technologies buying five Colorado cannabis stores

(The headline on this story has been updated to clarify that Medicine Man Technologies is making the acquisition.) Denver-based Medicine Man Technologies, a vertically integrated marijuana retailer, announced Tuesday it’s acquiring five Colorado cannabis shops from Starbuds in a $31 million cash and stock deal. The companies entered into a binding term sheet that calls […]

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Nevada judge gives OK for more retail cannabis stores to open

More than a dozen new dispensaries could open in Nevada’s booming retail marijuana market in the coming weeks, after a judge gave the go-ahead Thursday to companies that underwent background checks and won licenses. State marijuana regulators said as many as 36 stores could open. But lawyers for the state and companies claiming the licensing […]

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