Capital
Scotts Miracle-Gro’s RIV Capital to Merge with Cansortium in Cannabis Tie-Up
MIAMI- In a strategic move to consolidate and strengthen their positions in the cannabis industry, Florida-based Cansortium Inc. has announced an all-stock merger with RIV Capital Inc., ...
Tennessee Hemp Seizure Raises Questions About Drug Law Enforcement
NEW YORK- A recent legal dispute has highlighted significant issues in the enforcement of drug laws, centering on the seizure of over $1 million worth of ...
Michigan’s Cannabis Market Thrives Amid Legalization Trends
LOS ANGELES- The cannabis industry in Michigan has experienced significant growth, with both recreational and medical cannabis sales reaching notable figures in recent months. This surge ...
Ayr Wellness Inc. Reports Q1 2024 Financial Performance
LOS ANGELES- Ayr Wellness Inc., a vertically integrated U.S. multi-state cannabis operator, has reported significant financial advancements in the first quarter of 2024, underscoring its commitment ...
Cresco Labs Reports First Quarter Financial Performance
LOS ANGELES- Cresco Labs reported first-quarter revenues of $184 million, reflecting the company’s growth trajectory in the competitive cannabis market. This increase in revenue is attributed ...
Canadian Medical Cannabis Exports Hit Record High Amid Domestic Decline
LOS ANGELES- Canada's medical cannabis industry has achieved a new milestone in exports, reaching a record CA$218 million in the fiscal year 2023-24, a substantial increase ...
Missouri Court Upholds Local Cannabis Sales Taxes
LOS ANGELES- A recent ruling by St. Louis County Circuit Judge Brian May has affirmed the authority of Missouri cities and counties to impose their own ...
Cookies Expands Influence in Florida Cannabis Market
LOS ANGELES- Cookies, a player in the cannabis industry, has recently enhanced its footprint in the Florida market, a move that comes on the heels of ...
Psyched Wellness Reports Revenue and Strategic Partnerships
LOS ANGELES- Psyched Wellness Ltd., a legal mushroom supplement company, disclosed its financial results for the first quarter ending February 29, which were reported in Canadian ...
California’s Cannabis Tax Collection Challenges Highlight Business Closure Impact
LOS ANGELES- California's cannabis industry faces significant fiscal challenges as a substantial portion of overdue taxes remains uncollected, primarily due to the closure of indebted businesses. ...
MedMen Winds Up Getting Wound Up: Files for Bankruptcy, Assets Placed in Receivership
NEW YORK- MedMen Enterprises has declared bankruptcy in Canada, announcing the decision on April 24 amid escalating financial troubles. With liabilities amounting to C$561 million ($410.4 ...
Expanded Record Sealing Opportunities Approved in Maine
LOS ANGELES- Maine's Legislature has recently approved two significant bills that enhance the state's ability to seal criminal records. Among these, one particular bill stands out ...
