Business Issues/Benchmarks: Page 46

Canopy Growth Seeks Bankruptcy for BioSteel Business

The embattled Canadian cannabis producer has obtained creditor protection for the business unit and plans to seek permission to sell the BioSteel assets.

Charlotte's Web Announces Appointment of Bill Morachnick as CEO

The company’s board ejected the resignations of three other board directors after a withhold campaign by a group of activist shareholders.

New Mexico, Montana Continue Breaking Cannabis Sales Records; Among Best Performing Markets in Nation

The emerging adult-use programs are outdoing their legalization peers on a per-capita sales basis.

The Impacts of Cannabis Rescheduling: Panelists Weigh In During International Cannabis Bar Association Webinar

Industry legal experts Khurshid Khoja, Amber Littlejohn and Shane Pennington shared insight into what rescheduling could mean for taxes, research and federal enforcement.

US Senator Urged to Rescind Support of SAFE Banking

Sen. Tommy Tuberville, who’s been vocally supportive of cannabis banking reform, now represents a battleground vote for prohibitionists.

Oklahoma AG: Lax Cannabis Laws Created ‘Environment Ripe for Exploitation’

The state’s attorney general penned a column urging continued enforcement action on the unregulated market.

New Jersey Cannabis Regulators Fine TerrAscend $100K; Columbia Care $50K

State commissioners threw the book at the multistate operators for violations related to patients’ access and a labor peace agreement.

Coming Soon to New Jersey: Cannabis Delivery

Regulators will begin accepting applications for delivery licenses Sept. 27, with priority given to social equity applicants.

Maryland Cannabis Sales Crack $420 Million For Year; Tax Revenue’s Banking Scrutinized

The state’s licensed dispensaries reported more than $104 million in adult-use cannabis sales in the first two months since the program launched.

Cresco Labs Launches First-Ever Cannabis Advertisements on Spotify

The company began advertising its national retail brand, Sunnyside, on the world’s most popular audio streaming subscription service.

Lucy Scientific Acquires High Times Intellectual Property, Including Existing Licensing Agreements in All-Stock Transaction

The transaction includes international and domestic rights of the brand High Times, Cannabis Cup and 420.com brands, and its respective domain names.

With $50K Check From Verano in Hand, Alabama Cannabis Regulators Plan Another Licensing Do-Over

The term “void” as it relates to Alabama’s licensing statute is “made up,” Verano’s Executive VP of Legal, Regulatory and Government Affairs says.

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