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Ascend Wellness Holdings Terminates Both CEO And CFO, Replaces Management
Tuesday, August 27, 2024 - 1:22pm | 522Ascend Wellness Holdings (OTC:AAWH) announced it has terminated both its chief executive officer and chief financial officer. Effective immediately, the company has terminated John Hartmann as CEO and Mark Cassebaum as CFO and appointed Samuel Brill, a board member as the new CEO. Brill has been...
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Jersey City Cop Accuses Mayor Of Using Cannabis Firings To Boost His Gubernatorial Ambitions
Tuesday, August 27, 2024 - 1:02pm | 537A new lawsuit accuses Jersey City Mayor Steve Fulop of using his stance against police officers' off-duty cannabis use as a political ploy to boost his 2025 gubernatorial campaign. Attorney Michael Rubas, representing Mackenzie Reilly, a police officer terminated after testing positive for...
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Popular Maryland Resort Town, Ocean City, Will Soon Have Its Own Cannabis Dispensaries
Friday, August 23, 2024 - 10:03am | 523Ocean City, Maryland, has lifted its ban on cannabis dispensaries following a unanimous vote by the town council on Monday night. This decision ends a moratorium that had been in place since recreational cannabis was legalized in Maryland in July of 2023. This small resort town, with a population...
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Ohio's Sales Surge Might Cast Trouble For Michigan's Cannabis Market: Here's Why
Friday, August 23, 2024 - 9:25am | 714Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and...
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Minnesota Prepares For Historic Social Equity Lottery With 1,817 Applications For 280 Cannabis Licenses, Mostly Vets
Thursday, August 22, 2024 - 5:25pm | 625In Minnesota, thousands of applicants will be competing for social equity licenses as the Office of Cannabis Management (OCM) prepares for its first-ever lottery to distribute licenses. These licenses will grant 280 fortunate winners the ability to grow, process, and sell cannabis, selected from a...
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Indigenous Cannabis Industry Association Set To Land In Peru And Puerto Rico This Year
Thursday, August 22, 2024 - 4:01pm | 602The Indigenous Cannabis Industry Association (ICIA) is set to expand its global presence by participating in the inaugural Andean Hemp & Cannabis Trade Forum in Peru. Organized by the Global Cannabis Network Collective (GCNC) and MCd by Benzinga Cannabis managing director Javier Hasse, this...
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New York Cannabis Growers Given One Year To Submit Mandatory Sustainability Plans
Wednesday, August 21, 2024 - 5:30pm | 667The New York State Office of Cannabis Management (OCM) has introduced a new initiative to ensure that cannabis cultivation in the state aligns with its environmental sustainability goals. Beginning in September, the OCM will launch PowerScore, a free online tool designed to help cannabis...
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Yet Again, Massive Cannabis Product Recall Rocks Missouri Weed Industry: 135,000 Products Quarantined
Monday, August 19, 2024 - 1:49pm | 654Last year, Missouri’s fledgling cannabis industry in was rocked by a massive product recall. Now, just one year later, the industry faces an even larger recall, 135,000 products, doubling the scale of the previous recall. "This is kind of unprecedented," said Nick Rinella, CEO of Hippos...
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Village Farms' New CEO Employment Agreement Amid Business Expansion And Cannabis Sales Surge
Monday, August 19, 2024 - 10:50am | 381Village Farms International, Inc. (NASDAQ:VFF), a key player in the greenhouse produce and cannabis sectors, has filled a new contract for president and CEO Michael A. DeGiglio, ensuring leadership stability. Effective August 15, 2024, this agreement extends DeGiglio’s tenure until August 15...
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Dallas Voters To Vote On Marijuana Decriminalization This November
Friday, August 16, 2024 - 1:02pm | 537The City Council voted 11-4 to place the “Dallas Freedom Act” on the ballot and voters are set to weigh in on marijuana decriminalization this November. This initiative, spearheaded by Ground Game Texas, follows a successful petition that gathered enough valid signatures to qualify for...
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Lost Their Dream Company, Got It Back, Now They're Thriving In Cannabis Design Market
Thursday, August 15, 2024 - 10:41am | 947We first heard from Lana Van Brunt and Hayley Dineen when their recently founded project, Sackville & Co., was acquired by 48North. However, the turmoil that followed is less widely known. Founded in 2018, Sackville & Co. set out to challenge the male-dominated...
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Jetty Extracts Teams Up With Licensed Cannabis Wholesale Platform, Sets Sights On Nationwide Cannabis Market
Wednesday, August 14, 2024 - 1:49pm | 489California based companies Nabis and Jetty Extracts have announced a strategic partnership. Jetty is known for its pioneer brand of cannabis extracts, and Nabis for being a leader in wholesale for the cannabis industry. This collaboration between major players will enhance scalability and navigate...
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Billion Dollar Cannabis Firm Buys A Brewery? Four Actually, In Canada's Backyard
Wednesday, August 14, 2024 - 8:27am | 547Tilray Brands, Inc. (NASDAQ:TLRY) bought four craft breweries from Molson Coors Beverage Company. The breweries included in this deal are Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery. This expansion helps Tilray grow its reach into important U.S. regions...
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Growlink Secures Strategic Investment From Casa Verde To Support Cannabis AI Capabilities
Tuesday, August 6, 2024 - 10:17pm | 484Growlink, a Denver based provider of controlled environment agriculture (CEA) solutions, recently announced the successful closure of a $2 million seed financing round led by Casa Verde. This investment marks a significant milestone for the company, known for its advanced controllers, sensors and...
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Lost Opportunity: Senate Committee Blocks D.C. Recreational Cannabis Sales Again
Tuesday, August 6, 2024 - 8:32pm | 533A Senate committee has dashed hopes for legalized recreational cannabis sales in Washington, D.C. The committee approved a spending bill that keeps a controversial rider in place. This decision prevents D.C. from using local tax dollars to implement a system for adult-use cannabis sales, despite...