Industry Headlines: Page 57

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.

Cookies Launches Cannabis Products in New York, Available in Adult-Use Dispensaries Beginning Nov. 8

Cookies' initial debut in the Empire State includes select vapes and prerolls, with flower expected to arrive in 2024.

Nevada Cannabis Regulators Suspend Cultivator’s Licenses

The state’s Cannabis Compliance Board put a halt on The Hempire Co.’s permits after investigating “suspicious” Metrc activity.

Massachusetts Cannabis Regulations to Implement Equity Law Now in Effect

Following promulgation by the secretary of the commonwealth, the Cannabis Control Commission is now positioned to enact changes for a more equitable industry.

Missouri Cannabis Regulators Allow 15K Recalled Products to Reenter Market

Another roughly 48,500 cannabis products remain in storage from a mass August recall due to THC possibly being sourced from out of state.

Trulieve Launches Campaign to Support Veterans, Partners With Disabled American Veterans

Proceeds will go to DAV to help fund veteran support initiatives nationwide.

Connecticut Regulators Announce Increase in Adult-Use Cannabis Transaction Limits

Starting Dec. 1, the limits will increase to a half ounce of raw flower or the equivalent per transaction.

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