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Minnesota Lawmakers Inch Closer To Legalizing Cannabis

Looks like Minnesota is getting closer to legalizing recreational marijuana. The Democrat-controlled Minnesota House of Representatives has approved a measure to legalize and regulate adult-use marijuana. As noted by NORML, the Washington, D.C.-based nonprofit focused on marijuana legalization, the Minnesota legislation will also automatically expunge past cannabis-related convictions. However, to become state law, the bill …

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America’s Love Affair with Cannabis – $17.5 Billion in Legal Marijuana Sales and Counting

COVID-19 disrupted the growth of certain industries in the United States of America, however, the cannabis industry in the country owes all its recent growth to the pandemic. It was reported recently that the total sales of cannabis in the country have reached a total of 17.5 billion dollars. This is an unprecedented record in …

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Colorado bans hemp-derived delta-8 THC

Colorado regulators banned hemp-derived THC isomers such as delta-8 in foods, drinks and dietary supplements, but the status of marijuana-derived THC isomers wasn’t immediately made public. Colorado bans hemp-derived delta-8 THC is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

BREAKING: Mississippi high court voids voter-ratified medical cannabis legalization measure

The Mississippi Supreme Court on Friday struck down a medical marijuana legalization initiative that voters had overwhelmingly approved last November, shattering a market that was potentially worth more than $250 million in its first year of operation. The loss is believed to mark the first time an MMJ initiative has been overturned after residents approved …

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Aurora Cannabis shakes up board, eyes cuts after CA$165 million quarterly loss

Aurora Cannabis announced a shake-up of its board of directors and is eyeing tens of millions of dollars in additional cost savings as the Alberta, Canada-based company reported another large quarterly loss amid sharp drops in its adult-use and international sales. Aurora reported a net loss for its quarter ended March 31 of 164.7 million …

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California marijuana company buys fourth retail store for $16 million

Grupo Flor, a vertically integrated marijuana company based in Salinas, California, spent $16 million to acquire the White Fire cannabis store in San Jose and expand its portfolio. Grupo Flor, founded in 2015, already owns two dispensaries operating as East of Eden in Salinas and Moss Hill and plans to open another store, under the …

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Ex-Massachusetts mayor found guilty of cannabis bribery scheme

A former mayor of Fall River, Massachusetts, on Friday was convicted of corruption after prosecutors alleged he engaged in a bribery scheme in which he solicited payments from cannabis companies in exchange for permission to do business within the town’s boundaries. According to the Associated Press, ex-mayor Jasiel Correia engaged in “old school pay-to-play political …

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California governor proposes $100 million grant to ease cannabis licensing logjam

California Gov. Gavin Newsom announced Friday his new state budget proposal – called the California Comeback Plan – will include $100 million to alleviate a bureaucratic logjam that has left thousands of cannabis companies with so-called “provisional” business licenses in danger of shuttering at least temporarily. To give marijuana growers, retailers and other companies breathing …

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