Industry Headlines: Page 275

Colorado Launches Cannabis Banking Reform Efforts

Lawmakers and other state officials have launched several campaigns aimed at providing more guidance and protection for financial institutions that serve the state’s legal cannabis industry.

Illinois Adult-Use Cannabis Sales Reach Nearly $40 Million in January

Over 970,000 items were sold by licensed dispensaries across the state, according to data published by the Department of Financial and Professional Regulation.

Missouri Cannabis Regulators Unable to Access FBI’s National Fingerprint Database

Until the situation is remedied, the state is not able to perform background checks on prospective employees in the industry.

Golden Leaf Holdings to Acquire Extractor Tozmoz

The acquisition allows for expanded extraction capabilities to support the company's growth.

Cresco Labs Closes $100 Million Senior Secured Credit Facility

The proceeds from the loan will be used to fund the expansion of operations in Illinois, closing and integration costs associated with pending acquisitions, and other strategic growth initiatives in key markets.

Aurora Cannabis Receives EU GMP Certification for its Aurora River Facility

Aurora now has three EU GMP certified production facilities in Canada.

New Mexico Court Rules Medical Cannabis Producers Can Claim Tax Deduction

A state Court of Appeals ruling allows producers to claim a tax deduction for prescription medication, which could affect both patients’ costs and the state budget.

Inside Thomas Jefferson University’s Groundbreaking Hemp Research

The researchers took the hurd of the hemp plant and processed it down into nanoparticles, creating “a building block for new fibers and new yarns going forward."

Legendary Cannabis Breeder Subcool Has Died

The news hit the industry hard, displaying the ripple effects of Subcool’s influence on breeders across the world.

Adult-Use Cannabis Legalization Bills Advance in New Hampshire and New Mexico, MedMen CEO Steps Down: Week in Review

A New Hampshire House committee approved legislation to legalize the possession and limited cultivation of cannabis this week, while a New Mexico Senate panel voted to advance that state’s adult-use legislation.

Missourians for a New Approach Collecting Signatures to Place Adult-Use Marijuana Initiative on November Ballot

The effort is being backed by many of the same Missourians and groups that passed the state's medical marijuana constitutional amendment in 2018.

MedMen CEO Adam Bierman Steps Down, Surrenders Super Voting Shares in Company

The news comes amidst a state lawsuit and a series of layoffs at the company in California.

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