At Terrapin Care Station, a Denver dispensary on Broadway, area manager Adam Shepler stood behind a counter displaying an array of more than 20 low-dose cannabis products: gummies, patches, drinks, topical lotions, tinctures, a vape and a powder. Most of them were recently released. Though Shepler has fielded customer interest in low-dose products for years, he’s now … [Read more...] about Colorado cannabis companies have a new strategy to attract more hesitant customers: weaker weed
cannabis
Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure
In June, Roland Conner sat down to compose a letter to the creditors who had financed the construction of his licensed cannabis dispensary in downtown Manhattan. A year and a half after opening, he was under immense strain as monthly loan payments, tax bills and obligations to his vendors mounted. “Despite our diligent efforts, we are encountering severe financial difficulties … [Read more...] about Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure
Cannabis Stocks Extend Losses in November
Cannabis stocks, as measured by the Global Cannabis Stock Index, have been quite volatile this year. The index gained in September, prompting a Q3 gain, but it fell in October. November was very tough, with the 9.5% loss to 7.44 leaving the index down year-to-date: In 2023, the index ended down 16.5% to 8.11. In Q1, it rose 26.0%, declined 15.8% in Q2 and increased 2.2% during … [Read more...] about Cannabis Stocks Extend Losses in November
DEA Denies Collusion Allegations Ahead of Cannabis Rescheduling Hearing
The Drug Enforcement Administration (DEA) responded to a slew of allegations on Nov. 25, including that it engaged in illegal communications and conspired with a prohibitionist group ahead of a cannabis rescheduling hearing that is set to begin next week. A pair of cannabis rescheduling advocates whom the DEA selected to be among the 25 designated participants for the … [Read more...] about DEA Denies Collusion Allegations Ahead of Cannabis Rescheduling Hearing
Cannabis Xpress settles pay-to-play allegations in Ontario for CA$100,000
Canadian-based marijuana retailer Cannabis Xpress will pay a fine of 100,000 Canadian dollars (roughly $71,421) to Ontario regulators for violating the province’s anti-inducement law. The Alcohol and Gaming Commission of Ontario (AGCO) initially fined Cannabis Xpress CA$200,000 in April for masking a banned “pay-to-play scheme” involving at least 61 licensed producers (LPs) as … [Read more...] about Cannabis Xpress settles pay-to-play allegations in Ontario for CA$100,000
Kentucky medical marijuana lottery dominated by out-of-state pot companies
Kentucky regulations mandate that licensed medical cannabis cultivators grow their product in secure, indoor facilities. Most of the first 26 businesses to win Kentucky medical cannabis cultivator and processor licenses from its lottery system are tied to marijuana companies based in other states, one of which likely submitted hundreds of applications. Kentucky Gov. Andy … [Read more...] about Kentucky medical marijuana lottery dominated by out-of-state pot companies
Dallas joins Texas cities sued by AG Ken Paxton over cannabis decriminalization
Attorney General Ken Paxton has sued the City of Dallas over its recent decision to decriminalize cannabis, joining at least five other Texas cities facing similar court battles. The lawsuit, filed just weeks after 67% of Dallas voters approved Proposition R, also known as the "Dallas Freedom Act," challenges the city's move to amend its charter and prevent police from … [Read more...] about Dallas joins Texas cities sued by AG Ken Paxton over cannabis decriminalization
Concerns about marijuana recalls: Critics call for review of Maine’s standards
Several recalls due to moldy cannabis are raising questions about Maine's testing standards. The Maine Office of Cannabis Policy (OCP) has issued several recalls. In October, OCP recalled pre-ground adult use cannabis flower, pre-rolls, and blunts of the strain “Frosted Cookies." as well as pre-ground flower of the strain “Frozay” due to bacteria and mold concerns. The … [Read more...] about Concerns about marijuana recalls: Critics call for review of Maine’s standards
Green Thumb Industries Receives Repayments on Cansortium Loan
Green Thumb Industries Inc., a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, announced it received principal and cash interest payments related to a prior loan to Cansortium Inc. Following Cansortium’s recent financing, Green Thumb received approximately $23 million of principal plus 13% accrued interest, adding to its Q3 ending cash … [Read more...] about Green Thumb Industries Receives Repayments on Cansortium Loan
Connecticut moves to finalize legal pot regulations
John Gervasoni of Cheshire was among Shangri-La's first customers when it opened last week. The state Department of Consumer Protection currently limits transactions to a half of an ounce of raw cannabis flower or the equivalent for other products per transaction. There are no limits on how many recreational purchases someone can make in a single day. Steve Bigham … [Read more...] about Connecticut moves to finalize legal pot regulations
