Industry Headlines: Page 52

Arizona Cannabis Business Voluntary Recalls Products Due to Possible Aspergillus Contamination

The state’s Department of Health found lab discrepancies that could have led to false negative results for the contaminants being reported.

Vermont to Halt Licensing of Larger Cannabis Grows to Protect Small Farmers

Cannabis Control Board Chairman James Pepper said regulators will not issue new licenses for large-scale indoor and outdoor cultivators for the foreseeable future.

Planet 13 Announces Q3 2023 Financial Results

The company reported Q3 2023 revenue of $24.8 million.

New Jersey's First Service-Disabled Veteran and Latino Owned Dispensary Opens in Jersey City

The Cannabis Place has announced the grand opening of its New Jersey flagship dispensary location this Thursday, Nov. 9, at 4:20 p.m.

California Dispensary Says Costa Mesa Stalling on Licensure; Demands City Issues Cannabis Business Permit

High Seas, a cannabis retail boutique, has charged that the city is intentionally harming it by preventing opening “without just cause.”

Ohio's Cannabis Market Projected to Exceed $1 Billion in Sales By 2027

After Ohio's cannabis legalization victory Nov. 7, BDSA estimates that combined medical and adult-use sales will hit $1.65 billion in 2027.

Verano Announces Third Quarter 2023 Financial Results

The company delivers a record revenue of $240 million, increasing net cash provided by operating activities, and raises and tightens 2023 free cash flow guidance range to $72-76 million.

UPDATE: US House Rep. Nancy Mace Files Federal Cannabis Legalization Bill

The South Carolina congresswoman has garnered bipartisan support for her legislation, but her own party could hold House Speaker turmoil against her.

New York Assemblyman Introduces Bill to Ban Roadside Cannabis Ads

Assemblyman Scott Gray’s A8200 would exempt signs for cannabis dispensaries on their premises but would prohibit cannabis advertisements on billboards or other roadside signs throughout the Empire State.

Extended Medical Cannabis Licensing Moratorium Takes Effect in Oklahoma

New laws impacting the state’s medical cannabis industry took effect Nov. 1, including one that extends a moratorium on issuing cultivation, processing and dispensary licenses until Aug. 1, 2026.

Alabama Regulators Announce Plans to Issue Medical Cannabis Licenses in December

The Alabama Medical Cannabis Commission will award cultivator, processor, dispensary, secure transporter and testing lab licenses Dec. 1 and integrated facility licenses Dec. 12.

Organigram Announces C$124.6 Million Investment From British American Tobacco (BAT) Company

Toronto-based Organigram Holdings Inc. announces a C$124.6 million follow-on strategic equity investment from BT DE Investments Inc., a wholly-owned subsidiary of British American Tobacco p.l.c. (BAT), a leading, multi-category consumer goods business.

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