Business Issues/Benchmarks

Eaze ‘Winding Down’ Operations, Will Update Employees About Cannabis Delivery Service’s Future

The company’s management is working with new ownership to determine if operations will reopen in 2025.

Medical Marijuana Act Signed by Biden Would Hinder Research Under Rescheduling

The Medical Marijuana and Cannabidiol Research Expansion Act’s requirements would remain under Schedule III, a congressional researcher says.

Aurora Cannabis CEO Takes on Executive Chairman Role

Miguel Martin is expanding his duties as part of a board leadership transition with outgoing Chairman Ron Funk appointed as lead independent director.

Treez Files Summary Judgement in Lawsuit Against Feds Over Cannabis-Related Visa Denial

The federal government claims Treez must show its software developer from India ‘does not aid and abet activities that violate the CSA.’

AYR Wellness CEO David Goubert Steps Down Effective Immediately

The company’s board of directors approved the appointment of Steven M. Cohen as interim CEO.

Hemp THC Drinks Legal in South Carolina, Solicitor General Concludes

State Solicitor General Robert D. Cook told South Carolina House Speaker G. Murrell Smith Jr. that beverages with delta-9 THC from hemp are legal.

Aurora Cannabis Advances Auto-Flowering Research, Unveiling Key Insights for Cultivation

The research breakthroughs are poised to transform cannabis cultivation in high-latitude regions, opening new doors for advanced breeding strategies.

The Complex Impact of Rescheduling Cannabis on Advertising

The penalties for advertising Schedule I drugs don’t apply to Schedule III drugs, but cannabis businesses could be left in a precarious position.

Pennsylvania Lawmakers File Bipartisan Bill to Legalize Adult-Use Cannabis

Reps. Aaron Kaufer and Emily Kinkead are sponsoring the legislation with 15 co-sponsors in the commonwealth.

11 States Projected to Be Billion-Dollar Cannabis Markets in 2024

Maryland will be the newest state to join the 10-figure club this year, while three other states are expected to come just shy of the sales mark.

Green Thumb Industries Announces $50 Million Share Repurchase Program

The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

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