Bill Aims to Push Alabama Medical Licensing Forward
A third-party consultant may decide who gets licenses under a new Senate bill that aims to move Alabama’s languishing medical cannabis program out of the courts.... Read more.
Navy Capital Winds Down Amid AML Enforcement
After eight years of operating in the legal cannabis space, investment adviser Navy Capital Green Management is shutting down because of Florida’s failure to legalize... Read more.
MA Lab Sues Competitors for Alleged Testing Fraud
A cannabis testing lab with locations in New York, Massachusetts and Maine is taking its longstanding fight against inaccurate testing to court. MCR Labs sued eight... Read more.
MN Takes Second Shot at Adult-Use Licensing
Minnesota’s Office of Cannabis Management is hoping to roll out adult-use cannabis retail licenses in time for summer after having to abandon its first attempt... Read more.
Maine Governor Calls for More Medical Cannabis Regulation
Maine’s governor called for lab testing and stronger tracking of the state’s vibrant medical cannabis market as it continues to grapple with illicit cultivators... Read more.
Michigan Grower Shut Down for Untracked Plants
Following a raid from state police, Michigan’s Cannabis Regulatory Authority revoked an adult-use cultivator’s four licenses owned by HongRui Enterprises Inc.,... Read more.
Former Verano Exec Charged With Insider Trading
A former Verano (VRNOF) executive is facing insider trading charges in regards to his alleged actions while still employed by the cannabis multi-state operator during... Read more.
2024 Cannabis Market Review
Despite stalled rescheduling efforts at the federal level, 2024 was a good year for cannabis markets in a handful of states. Several states launched new markets... Read more.
SEC Fines Financial Services Firm $18M
The Securities and Exchange Commission announced an $18 million settlement with broker-dealer and investment adviser, LPL Financial LLC, to resolve charges alleging... Read more.
Court Orders NY Authorities to Lay Off Licensed Hemp Shops
New York’s Supreme Court of Albany agreed with hemp shop owners who sued the state and city, claiming that they were subjected to illegal searches and seizures... Read more.
