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MedMen raises $10M for new cannabis stores in Boston, San Francisco

Multistate marijuana company MedMen Enterprises has closed a non-brokered private placement worth $10 million that will be used “to drive” new store openings in Boston and San Francisco. MedMen sold $10 million worth of units at 32 cents per unit. Each unit includes one subordinate voting share and one share purchase warrant redeemable for an …

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CA marijuana social equity advocates demand help, threaten to sue state

A coalition of stakeholders from across California joined forces to deliver a message to Gov. Gavin Newsom and the state Legislature: Help victims of the war on drugs get into the legal cannabis industry or face a court fight. Kika Keith, president of the Los Angeles-based Social Equity Owners and Workers Association, and other social …

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Minnesota lawmakers OK medical cannabis smokable flower

Minnesota’s Legislature approved smokable flower for medical cannabis patients, which could significantly boost sales in what has been a heavily regulated MMJ market that has only two operators. The change, effective no later than March 2022, will provide a more affordable option to customers and might financially strengthen the state’s MMJ program overall. House lawmakers …

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California governor gets lukewarm marijuana industry support amid recall

California Gov. Gavin Newsom might need all the political ammunition he can muster later this year when he faces a recall election, but he probably shouldn’t count on an outpouring of support from the marijuana industry – despite having championed recreational legalization when it was on the ballot five years ago. Newsom even offered a …

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Norfolk Cannabis Producer Hopes To Bring A Winery-Like Experience

The CEO of a licensed Simcoe, Ont., cannabis producer says he hopes to create an experience similar to that of a winery or brewery, except with marijuana. Geoff Hoover expects Thrive’s farm-gate retail store, the first in Canada, will bring the product a little more quickly to consumers by allowing purchase of the company’s two …

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Alabama Becomes 36th State to Legalize Medical Cannabis After Governor Ivey Signs Off On Bill

On Monday, Alabama Governor Kay Ivey signed off on the state’s medical cannabis bill, SB 46, making Alabama the 36th state to legalize medical cannabis. Gov. Ivey thanked Sen. Tim Melson and Rep. Mike Ball for leading efforts on legalization over the years. In a press release, the Governor stated, “As research evolves, Sen. Melson …

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Samuel Adams-Maker To Launch Cannabis Beverages Subsidiary In Canada

The maker of Samuel Adams beer and Truly Hard seltzer is moving into Canada’s cannabis beverages market. The Boston Beer Co. says it will create a subsidiary to serve as a Canadian research and innovation hub for non-alcoholic cannabis beverages. The subsidiary will help the company develop and pilot pot drinks ahead of the possible …

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