Cultivation

Florida could issue 22 more cannabis licenses in six months, regulator says

Florida’s top marijuana regulator said his agency “would hope” to issue 22 new medical cannabis licenses within the next six months, a move that would nearly double the number of license holders in the state. Christopher Kimball, director of...

Pennsylvania gov expected to OK medical cannabis expansion

Pennsylvania state lawmakers this week approved a bill that would end what they call a “near-monopoly” in the state’s medical cannabis market currently controlled by major multistate operators. The bill now goes to Gov. Josh Shapiro, according to The...

Retiring Blumenauer reflects on his marijuana advocacy

Earl Blumenauer was a 25-year-old “child legislator” in the Oregon House of Representatives in 1973, as he recalled it, when he realized there was something wrong about marijuana. Not that he knew this firsthand. “At that point, I don’t think...

Mississippi marijuana lab sounds alarm on THC, pesticides

A Mississippi marijuana laboratory alleged that cannabis products sold in gasoline stations and convenience stores in the state contain potentially dangerous contaminants and far more delta-9 THC than is legal. Steep Hill Mississippi representatives said at the lab operator...

Canadian cannabis insolvencies persist in 2023 amid industry woes

(This story has been updated to reflect the status of Red White & Bloom’s acquisition of Aleafia Health.) Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings under one statute...

Arizona marijuana sales exceed $1 billion in 2023

Marijuana sales in Arizona surpassed the $1 billion mark for 2023 in September, despite some month-over-month sales declines earlier this year. From January to September, total medical cannabis sales were $267 million and adult-use sales were $797 million, according...

Cannabis producer Organigram reports CA$248 million loss, massive excise bill

Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million) in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial officer. The Toronto-based company also reported paying a massive...

Marijuana cultivator, retail franchiser Item 9 Labs seeks sale of business

Item 9 Labs Corp., the parent company of marijuana retail franchise business Unity Rd. and Arizona cultivator Item 9 Labs, has retained Sharp Capital Advisors to help sell its business. Phoenix-based Item 9 entered receivership in July. Item 9 includes...

Canadian recreational cannabis sales rise in October to CA$448.6 million

Canadian sales of recreational cannabis rose to 448.6 million Canadian dollars in October ($336 million), marking a small increase from the previous month and a 15% increase over the same period last year. By comparison, sales fell 6.2% in...

Interstate cannabis sales put California at risk of federal enforcement, AG says

A letter from California Attorney General Rob Bonta to state regulators all but ended marijuana industry hopes of interstate cannabis commerce. In a 36-page letter sent Dec. 19 to the Department of Cannabis Control (DCC), the state’s chief cannabis...
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