Business

LAS VEGAS- In a historic move, the Las Vegas City Council voted 4 to 1 in favor of authorizing cannabis consumption lounges within the city limits today. While San Francisco is the first city in the US to allow cannabis consumption venues, Las Vegas is the first municipality in Nevada to do so, putting it ...

NEW YORK-- Cresco Labs and Columbia Care Inc., the parent company of Sunnyside dispensaries and Cannabist respectively, have agreed to extend the closing date of their $2 billion, all-stock megadeal to June 30, 2023. Despite months of speculation and turbulence in the cannabis industry, the two companies have hinted that the deal remains on. The ...

LOS ANGELES-- MedMen Enterprises Inc. has provided an update on its restructuring efforts, announcing that it has hired ATB Capital Markets Inc. to review and sell one or more of its non-core assets in Arizona, Illinois, and Nevada. This move is intended to boost liquidity and maximize shareholder value with an asset-light model. The company ...

LOS ANGELES-- Legal cannabis sales in California have hit a roadblock as consumers purchased $5.3 billion worth of cannabis in the state in 2022, an 8% drop from the previous year, according to a report by SFGate. This marks the first downturn in sales since the state's legal cannabis market was launched in 2018, and ...

WATERLO-- A new study published in the Harm Reduction Journal has revealed that Canadian cannabis consumers are increasingly turning to the legal market. Researchers from the University of Waterloo's School of Public Health conducted a survey of over 15,000 cannabis consumers, spanning from 2019 to 2021. The study found that more respondents were legally sourcing ...

LOS ANGELES--The global cannabis market is poised for massive growth in the next four years, with projected sales of nearly $60 billion by 2027, according to a recent market forecast by BDSA. This represents a nearly doubling of the industry's sales from $32 billion in 2022. The United States is expected to continue to dominate ...

NEW YORK- The legal cannabis industry in the United States has been growing at a rapid pace in recent years, with several states legalizing the use of cannabis for medical and recreational purposes. While the West Coast has been at the forefront of this movement, the East Coast has been slower to adopt these changes. ...

SAN JOSE, Calif. TPCO Holding Corp. (NEO: GRAM) (OTCQX: GRAMF), a consumer-focused California cannabis company, and Gold Flora, a vertically-integrated California cannabis company, today announced that they have entered into a definitive business combination agreement to combine the companies in an all-stock merger. Under the terms of the Merger Agreement, The Parent Company shareholders will own ...

LOS ANGELES, A new report by sale tracking firm Headset has found that new cannabis brands entering the market have shorter lifecycles than in the past. The report analyzed distinct brand launches in the first month of every year since 2020 and whether those brands recorded a sale after the following December. Overall, around 17% ...

SAN FRANCISCO-Twitter has become the first social media platform to permit cannabis companies to market their brands and products in the United States. While other social media platforms such as Facebook, Instagram, and TikTok follow a "no cannabis advertising policy" due to cannabis being illegal at the federal level, Twitter previously only allowed advertising for ...

NEW YORK - Acreage Holdings, Inc. (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), announced that it: (i) obtained an interim order of the Supreme Court of British Columbia dated January 18, 2023, as varied on February 13, 2023, in connection with its proposed arrangement involving Canopy Growth Corporation (TSX: WEED, NASDAQ: CGC) and Canopy USA, LLC, ‎ ...

TORONTO - TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, announced the appointment of Jeroen De Beijer as Chief People and Culture Officer, effective immediately. De Beijer brings more than 20 years of experience in global human resources and people management operations. De Beijer will manage TerrAscend's overall People team and strategy ...

MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), announced that Jonathan Sandelman has transitioned to Executive Chair, where he will continue to serve the Company’s Board of Directors, and David Goubert, current President of Ayr, has assumed the role of President and Chief Executive Officer. Mr. Sandelman commented, “I am pleased to announce today’s ...

LAS VEGAS - Football's biggest weekend of the year is here and there is no better way to prepare for Sunday than to listen to former NFL standouts and Detroit Lions teammates, 2021 Pro Football Hall of Famer, Calvin Johnson Jr. and Rob Sims, talk about football, cannabis and how they have built their own ...

MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), has signed a Definitive Agreement to sell Blue Camo, LLC, which comprises the Company’s Arizona assets, to AZ Goat, LLC, a group consisting primarily of the former owners of Blue Camo, who sold the business to Ayr in Q1 2021. The sale includes three Oasis-branded dispensaries ...

NEW YORK - Partnered Process has been recognized by Retailer News Network as the Best Contract Manufacturer in the market for CBD products. A botanical processor committed to creating exceptional hemp extracts, this award-winning manufacturer delivers products that are superior to those of its competitors -- many of which are larger and better-known companies – ...

The 16th edition of the Benzinga Cannabis Capital Conference, the world's largest gathering of high-impact decision-makers, founders, and investors in the cannabis industry, is set to take place at the Fontainebleau Miami Beach Hotel on April 11-12, 2023. This two-day conference offers a platform for entrepreneurs, investors, and retail investors to learn about the industry, ...

GRANTS, N.M. - Bright Green Corporation (NASDAQ: BGXX) (“Bright Green” or “the Company”), one of the very few companies selected by the U.S. government to grow, manufacture, and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export, today announced it has begun a review of the ...

TORONTO - TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, today announced the closing of its previously announced acquisition of Allegany Medical Marijuana Dispensary ("AMMD"), a medical dispensary in Cumberland, Maryland. Under the terms of the agreement (the "Transaction"), TerrAscend has acquired a 100% equity interest in AMMD for total consideration of ...

DENVER - Akerna Corp. (Nasdaq: KERN) today announced it will merge with Gryphon Digital Mining, Inc. in an all-stock deal. Simultaneously with the closing of the merger with Gryphon, Akerna will sell its software business to POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry. Gryphon, a ...

MIAMI - Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a U.S. multi-state cannabis operator, announced the termination of the Company’s previously announced proposed acquisition of the equity interests of Gentle Ventures, LLC d/b/a Dispensary 33, and certain of its affiliates that collectively own and operate two licensed retail dispensaries in Chicago, Illinois. Following the mutual ...

DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc., issues the following statement regarding the FDA's January 26th press announcement: Charlotte's Web is encouraged that the Administration has agreed that it is necessary for Congress to act for the regulation of hemp-derived cannabidiol. The FDA position has taken four years to come together, while ...