MedMen Files for Bankruptcy
On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as of April 24. Recorded liabilities include approximately...
View ArticleCannabis Community, Investors React to DEA Decision To Reschedule
Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, a development that...
View ArticleHemp Clothing Market to Hit $23B by 2031, Report Predicts
Hemp clothing is making a comeback, marking the hemp textile industry’s latest resurgence in the clothing sector. Researchers say the reasons for the surge include hemp’s notable sustainable and...
View ArticleHemp-Based Food Market to Soar to Over $8B by 2029, Report Forecasts
Thanks to the rise in gluten-free and plant-based food products popularity, as well as hemp-based protein powders, hemp as a food source is growing rapidly and is projected to continue its path. The...
View ArticleAdult-Use Cannabis Generates Over $20B in State Tax Revenue
Revenue generated by adult-use cannabis markets in the U.S. is showing its true impact on the economy. According to a report by the Marijuana Policy Project (MPP) adult-use cannabis markets generated...
View ArticleMSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III
Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation....
View ArticleMonitoring Weed’s Business Landscape
Make Way for Massachusetts The Massachusetts Cannabis Control Commission (CCC) recently shared that the state collected $1.8 billion in cannabis sales during 2023. The figure reflects a combined total...
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Brand Spotlight: Abstrax
When Abstrax started its recent research project, I doubt anyone could have imagined it would discover a whole new universe beneath our still-evolving knowledge of cannabis compounds. Now, they’ve...
View ArticleData Shows Growing Number of Native American Tribal Cannabis Business Owners
As more states continue to legalize adult-use cannabis, we’re witnessing a growing trend surrounding ownership of cannabis businesses — namely that Native American tribes are investing in cannabis with...
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Back to the Source
The look in the eyes of new Ganjier students says it all, a mix of astonishment, reverence, and joy. They come from all over the world: Germany, Thailand, the U.K., and from all over the United States,...
View ArticleAnnual California Cannabis Tax Revenue Fund Grantees Awarded $46M
The California Governor’s Office of Business and Economic Development (GO-Biz) announced a new batch of cannabis tax revenue community investments on May 31. This round’s grants for fiscal year...
View ArticleCannabis MSO Green Thumb Seeks Merger with Sam Adams Brewer
The CEO of cannabis multistate operator Green Thumb Industries is pitching a merger between his company and Boston Beer Co., the manufacturer of the Samuel Adams family of brews. Green Thumb CEO Ben...
View ArticleMichigan Pot Market Surpasses California in Sales Volume
Michigan has overtaken California as the largest cannabis market in the U.S., at least in terms of sales volume, according to data collected by multiple market intelligence firms. Both firms show...
View ArticleHouse Republicans Strike Cannabis Banking Provisions From Funding Bill
GOP lawmakers in the U.S. House of Representatives this week removed legislative provisions to protect banks that serve cannabis businesses from a federal funding bill after resistance from fellow...
View ArticleWhere Cannabis Meets Cultural Legacy: Xzibit’s XWCC and Snoop Dogg’s SWED
Rappers Xzibit and Snoop Dogg have each opened dispensaries in California, aiming to bring the cultural legacy of cannabis into a unique destination for beginners and enthusiasts alike. Each of the two...
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