Industry Headlines: Page 50

Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes

A group of 20 Democratic members of the House and Senate sent a letter to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network urging them to revise “red flags” for cannabis business owners.

South Dakota Could Repeal Medical Cannabis, Legalize Adult-Use Cannabis in 2024 Election

Multiple ballot proposals for the state’s next major election would impact the current and future cannabis reform front.

German Politician Says Vote on Cannabis Legalization Bill Postponed Until December

While the law was expected to take effect before the end of the year, Bundestag member Carmen Wegge indicated that German lawmakers will decide on the legislation next month, likely pushing its enactment until 2024.

University of Minnesota Opens Cannabis Research Center

The center will evaluate the public health impacts of adult-use legalization and help inform future cannabis policy in the state.

Missouri Cannabis Regulators Revoke Delta Extraction’s Manufacturing License

The revocation comes after the state issued a mass recall of roughly 63,000 products.

Detroit Officials Announce Round 2 Adult-Use Cannabis License Winners

The city’s Office of Marijuana Ventures and Entrepreneurship approved 37 applicants for licenses.

UPDATE: New York Regulators Drop Consideration of Lawsuit Settlement From Meeting Agenda, Continuing Licensing Injunction

The settlement is still pending finalization, but it is expected to result in the lifting of a temporary injunction that has halted the licensing process since August.

Cannabis Companies Support Communities With Turkey Donations For Thanksgiving

Cannabis businesses from Ohio, Michigan and California are distributing the most popular, and often the most expensive, ingredient ahead of the holiday.

AYR Wellness Reports $114 Million in Revenue for Third Quarter 2023 Financial Results

The multistate cannabis operator’s revenue is up 5% year-over-year with $20 million of operating cash flow generated for the quarter.

Maryland Accepting Applications for 1st Round of New Cannabis Business Licenses

Regulators will accept applications for 179 new licenses through Dec. 12.

Shinnecock Indian Nation of New York Celebrates the Grand Opening of Little Beach Harvest Dispensary

The first tribally owned and operated, tax-free adult-use cannabis dispensary is on Shinnecock tribal territory in Southampton, N.Y.

Montana Judge Blocks ‘Cumulative’ Cannabis Dispensary Fee Hikes

Under a new law signed by the state’s governor, each additional store is more expensive than the previous one to license, but three operators are fighting it.

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