Industry Headlines: Page 241

Pennsylvania State Senators Issue Letter to Gov. Tom Wolf Urging Adult-Use Legalization Consideration

Fifteen Democratic state senators say legalization would lesson the blow of the economic shortfall caused by the coronavirus pandemic.

Millions of Dollars in Cannabis Vape Product Inventory Remains in Quarantine in Massachusetts

The state’s Cannabis Control Commission is still trying to determine whether the products, quarantined during the height of the vaping-related lung illness outbreak, can be retested and sold safely.

Schwazze, Formerly Operating as Medicine Man Technologies, Terminates Los Suenos Farms and Dabble Extracts Acquisitions

Throughout the M&A process, key business and valuation issues were identified and, as such, Schwazze decided to no longer pursue the acquisitions.

Cannabis Dispensary Applicants Drop Lawsuit Over Los Angeles’ Licensing Process

The city has agreed to process the next 100 applicants in line for licenses, which could double the number of permits issued during this licensing round.

Illinois Cannabis Sales Top $47 Million in June

June now holds the record for the highest sales figures in the state.

Cannabis Companies Prepare For 7/10 Sales

Producers and retailers aim to meet the demand of experienced customers on 7/10 or OIL Day, and maybe find some new ones.

Canadian Cannabis Companies Sued Over Product Mislabeling

A class-action lawsuit brought forth in June names some of the industry’s largest producers.

Rap Icon Rick Ross Partners with Cookies to Form COLLINS AVE

The new COLLINS AVE cannabis brand will launch with three strains selected by Ross and Cookies founder and fellow rapper Berner.

AT-CPC Separates From Calyx and Rebrands to Become Klutch Cannabis

Klutch is now wholly-owned and operated from within Ohio.

Hydrofarm Announces Exclusive Distribution Partnership with Rare Dankness Nutrients

Rare Dankness has developed a formulation of crop nutrition that delivers simplified dry nutrients and amplified terpene profiles.

Ilera Holistic Healthcare Begins Selling Into Louisiana Medical Cannabis Market

This news marks the second license-holder (of two in the state) now actively participating in sales.

Former Steep Hill Labs CEO Sues Company and Investors to Block Sale of Assets

Former CEO and Chairman Jmichaele Keller alleges in his lawsuit that the sale of assets to competitor EVIO would dismantle Steep Hill’s business and decrease shareholders’ value.

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