Licensing

This week, Kentucky and Delaware held crucial licensing lotteries as part of their state cannabis programs, each paving a new path for regulated medical and recreational cannabis markets. On October 29, Kentucky awarded its first 26 medical cannabis licenses through a lottery organized by the...

Enveric Biosciences (NASDAQ:ENVB), a Florida-headquartered biotech company developing novel neuroplasticity-promoting small molecule therapeutics for depression, anxiety and addiction disorders treatment has signed three non-binding term sheets with another (undisclosed) biotechnology company...

Cannabis companies are increasingly turning to licensing as a means to expand their presence and revenue streams. Licensing in the cannabis sector presents unique challenges, particularly when it comes to ensuring consistency for consumers.  1. The Essence of Brand Consistency in Cannabis...

An Alabama Cannabis Industry Association (AMCC) official urged those gathered in court on Monday to allow businesses that were awarded medical cannabis licenses to launch operations. "Let the cultivators go ahead and cultivate, let the processors go ahead and do what they do," the...

After facing concerns regarding the assessment of applications, the Alabama cannabis regulator reissued the licenses for the test, transport and distribution of medical cannabis under the 2021 law on Thursday, reopening the stalled process that had been halted back in June, reported Alabama...

Alabama's cannabis regulator has indefinitely suspended all licensing for cultivators, dispensaries and related businesses involved in the state's fledgling medical marijuana program. The move came on the heels of an emergency meeting held by the Alabama Medical Cannabis...

The first round of licenses for medical cannabis production, testing, transportation and distribution under the 2021 law have been awarded, reported Alabama Reflector. Out of more than 90 operators that applied for licenses, the Alabama Medical Cannabis Commission has given the green light to...

Cannabis brands are having a tough time growing. After experiencing a 30% jump in annual sales from 2020 to 2021, the industry saw a pitiful 1% growth in 2022 according to the Brightfield Report. Given that several states opened up for business in 2022, the stagnation within the industry is even...

One of the most watched and awarded streaming series kicked off its third season in March. Here’s a look at how many people may have watched “Ted Lasso” and how the show has become a smash hit for Apple Inc (NASDAQ: AAPL). What Happened: The third season of “Ted Lasso...

California’s cannabis department has awarded nearly $100 million in funding to support local marijuana markets through the Local Jurisdiction Assistance Grant Program. Seventeen cities and counties with a disproportionate number of provisional marijuana licenses, rather than full-year...

Lifestyle company and brand licensor PLBY Group Inc (NASDAQ: PLBY) reported third-quarter financial results Monday after market close. Here are the highlights for investors to know. What Happened: PLBY Group, which is the owner of Playboy, announced third-quarter revenue of $58.4 million, up 67%...

With cannabis legalization seemingly just around the corner and with fully 69% of Americans supporting the cause, Arcview Consulting and the Cannabis Capital Group have opted to join forces and help business owners within the space. The two companies are poised to assist both...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Avicanna Inc. (TSX:AVCN) (OTCQX: AVCNF) has agreed to supervise the commercialization of Viola cannabis products in Canada via...

Cannabis company Vireo Health International Inc. (CNSX: VREO) (OTCQX: VREOF) has bought four medical cannabis licenses in Nevada. The Minneapolis-based company confirmed Thursday it has closed the purchase of permits that enable the cultivation and production, and wholesale of medical and adult-use...