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Tilray strikes US$229M deal to buy Hexo in latest pot M&A move

Tilray strikes US$229M deal to buy Hexo in latest pot M&A move

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Cannabis NewsApril 11, 2023

Tilray Brands Inc. is acquiring rival Canadian cannabis producer Hexo Corp. in a deal worth about US$229 million on Monday in its latest move to strengthen its position as the leading legal marijuana company in Canada. Tilray will acquire Hexo by paying US$56 million in an all-stock deal to acquire

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Cannabis test can’t be used to deny hiring in proposed law

Cannabis test can’t be used to deny hiring in proposed law

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Cannabis NewsApril 10, 2023

Employers would be prohibited from denying a person a job for their non-work-related cannabis use in a bill passed by the state Senate 28-21 and the House of Representatives 57-41. Currently, there is one difference between the two bills. The House bill excludes people seeking positions as a first

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Intern takes Snoop Dogg’s Death Row Cannabis to the next level

Intern takes Snoop Dogg’s Death Row Cannabis to the next level

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Cannabis NewsApril 6, 2023

Death Row Cannabis CEO Tiffany Chin tells her story. Tiffany Chin is a name in cannabis to know and best not forget. She is the CEO of Death Row Cannabis. Chin, who studied business at the University of Pennsylvania and Wharton, led over $50 million in annual sales for Snoop Dogg’s previous cannabis

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Voters approve sales taxes for Recreational Marijuana

Voters approve sales taxes for Recreational Marijuana

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Cannabis NewsApril 5, 2023

Voters in Joplin and several other area cities, as well as Jasper and Newton counties, approved a 3-cent tax on adult recreational marijuana by wide margins in Tuesday’s election, according to complete but unofficial returns. Joplin voters favored the tax by a vote of 2,221 “yes” to 648 “no.” The

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New York just approved 99 more recreational Cannabis shop applications

New York just approved 99 more recreational Cannabis shop applications

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Cannabis NewsApril 5, 2023

NYC is about to get 53 more state-licensed recreational cannabis dispensaries! On Monday, the New York State Office of Cannabis Management (OCM) awarded 99 more recreational cannabis dispensary licenses, including three in Brooklyn, nine in the Bronx, 21 in Manhattan, 17 in Queens and three in

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Federal pardons for Marijuana convictions are expected to have little impact

Federal pardons for Marijuana convictions are expected to have little impact

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Cannabis NewsApril 5, 2023

While this move indicates a shift in the federal outlook of the cannabis industry, officials said Vermont has been ahead of the game for quite some time. MONTPELIER - The Biden administration is now granting pardons for some people with federal marijuana convictions. The pardons apply to those with

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White Boy Rick speaks out against big pharma and for-profit prison system, expands Cannabis line

White Boy Rick speaks out against big pharma and for-profit prison system, expands Cannabis line

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Cannabis NewsApril 4, 2023

Rick Wershe Jr, once locked up in prison for life on drug charges, is now fighting back against the harsh criminal justice system that kept him in prison for 30 years of his life. (Benzinga) Wershe, the real man behind the story of the 2017 ‘White Boy Rick’ movie, and now out of prison, founded his

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NBA players now allowed to smoke Weed without being penalized

NBA players now allowed to smoke Weed without being penalized

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Cannabis NewsApril 3, 2023

The NBA will no longer test for marijuana, according to a tentative deal between the league and the National Basketball Players Association. The two sides announced the collective bargaining agreement, which still needs to be ratified before it becomes official, on Saturday morning, according to The

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NY's failed Cannabis rollout: The state dropped the ball setting up legal market

NY's failed Cannabis rollout: The state dropped the ball setting up legal market

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Cannabis NewsMarch 31, 2023

In the two years since New York legalized adult-use cannabis, the state Office of Cannabis Management (OCM) has licensed 66 retailers in the state, but just five have opened their doors to the public. Meanwhile, from the five boroughs to Albany to Buffalo and everywhere in between, there are

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Some Switzerland residents can now legally buy Recreational Cannabis in pharmacies

Some Switzerland residents can now legally buy Recreational Cannabis in pharmacies

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Cannabis NewsMarch 30, 2023

Decades after pioneering prescription heroin and safe injection sites, Switzerland is now experimenting with decriminalizing recreational cannabis. It’s being done in a very Swiss way, according to addiction experts: taking things slow and steady to see how the population responds. Currently

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California's Cannabis black market thrives despite legalization

California's Cannabis black market thrives despite legalization

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Cannabis NewsMarch 29, 2023

Los Angeles - Omar Buddakey emerges from a nondescript building in Los Angeles with a joint in his hand. Five years after cannabis was legalized in California, black market transactions like this one -- where no one pays any taxes, and the product is not regulated -- remain commonplace. "Legal shops

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Lawmakers need to address Maryland’s ineffective and discriminatory Cannabis drug testing policies

Lawmakers need to address Maryland’s ineffective and discriminatory Cannabis drug testing policies

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Cannabis NewsMarch 28, 2023

Voters in November demanded lawmakers rethink the Free State’s cannabis policies. Lawmakers should also re-evaluate Maryland’s antiquated and discriminatory cannabis drug testing policies. With adult-use legalization around the corner, this is the ideal time for legislators to overhaul these

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Marijuana trafficking prosecutions plummet again

Marijuana trafficking prosecutions plummet again

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Cannabis NewsMarch 28, 2023

The number of federal marijuana trafficking offenders has dropped significantly from 5,000 in 2013 to fewer than 806 in the last year, according to Marijuana Moment citing the U.S. Sentencing Commission. (Benzinga) The number of federal cannabis trafficking cases fell for the second consecutive year

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How Cannabis brands can break through the clutter

How Cannabis brands can break through the clutter

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Cannabis NewsMarch 28, 2023

The challenge for all marketers, but specifically in cannabis, with celebrity engagement at an overload, is how to find properties that, while entertainment based, are more experientially than personality-driven. AS MORE STATES are passing laws to allow adults to use cannabis, brands in the space

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Cannabis companies encourage drinkers to go 'California Sober'

Cannabis companies encourage drinkers to go 'California Sober'

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Cannabis NewsMarch 27, 2023

Dry Leprechauns. “Dry January” and “Sober October” are turning into an advantage for cannabis companies, which are targeting those who’ve given up alcohol and pitching them marijuana instead. Gen Z’s efforts to be healthier has helped create the phenomenon of “California sober” — a term for people

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Snoop Dogg wants to cut down how much weed he smokes now

Snoop Dogg wants to cut down how much weed he smokes now

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Cannabis NewsMarch 27, 2023

Snoop Dogg has revealed he wants to cut down how much weed he smokes now as he explained the reason behind his new outlook on life. The iconic rapper and cannabis connoisseur, 51, is known for his love and appreciation for the green stuff having marketed his own range of marijuana products in the

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Wisconsinites spend millions on legal Marijuana in Illinois

Wisconsinites spend millions on legal Marijuana in Illinois

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Cannabis NewsMarch 24, 2023

GREEN BAY - The state of Illinois made $445 million dollars in tax revenue last year from legal marijuana sales and a portion of it came from the pockets of Wisconsinites. The Illinois government estimates the state made $36 million in tax revenue last year from out-of-state marijuana purchases

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PA Lawmakers propose selling Recreational Marijuana through state liquor stores

PA Lawmakers propose selling Recreational Marijuana through state liquor stores

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Cannabis NewsMarch 24, 2023

State lawmakers are considering a new bill that would drastically change marijuana laws in Pennsylvania. The proposal calls for legalizing recreational marijuana and selling it through the state liquor store system. The legislation would allow customers to purchase both products at the same store

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Curaleaf closing Cannabis grow facility in New Jersey, laying off workers

Curaleaf closing Cannabis grow facility in New Jersey, laying off workers

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Cannabis NewsMarch 24, 2023

Curaleaf closing South Jersey grow facility amid effort to streamline operations. As part of an effort to streamline business, Curaleaf Holding Inc. plans to close one of its two cannabis grow facilities in South Jersey. After the Massachusetts-based multistate operator (MSO) winds down cultivation

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What out-of-state Marijuana sales could mean for legalization in Wisconsin

What out-of-state Marijuana sales could mean for legalization in Wisconsin

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Cannabis NewsMarch 23, 2023

Marijuana sales are on the rise in states surrounding Wisconsin. Key contributors of that are Wisconsinites themselves. "It's not a surprise at all," said State Rep. Lee Snodgrass, D-57th District. "This is a lost opportunity that Republicans are causing. I mean, it's not stopping people from

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