Month: July 2020 (Page 13)

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New Mexico’s largest medical marijuana company is suing the state over new MMJ regulations it calls “arbitrary and capricious.” According to the Santa Fe New Mexican, Ultra Health, based in Bernalillo, is challenging the state health department over several new rules, including: Strict testing requirements for pesticides, heavy metals andContinue Reading

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Marijuana track-and-trace company Metrc continues its legal tangle with Missouri state officials over the right to charge “tag fees” to medical cannabis dispensaries. In the latest development, Metrc wants a Missouri appellate court to overturn a lower court’s decision that would prevent the Florida-based company from charging fees for radio-frequencyContinue Reading

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Multistate cannabis grower and retailer iAnthus Capital Holdings announced a restructuring support deal with a recapitalization component, giving the company an opportunity to reduce its outstanding debt. The New York-based company with offices in Toronto received a demand for repayment on its secured debentures in June after defaulting on interestContinue Reading

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Hawaii lawmakers passed a bill allowing medical marijuana edibles, a move that could significantly boost the roughly $16 million-$20 million-a-year market. The legislation has been sent to the desk of Gov. David Ige, a Democrat, who has been resistant to some cannabis policy reforms. The bill enjoyed strong support inContinue Reading

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A new monograph from German health regulators that defines cannabis extracts (Cannabis extractum normatum) might require companies currently selling or planning to peddle these products in Germany to adapt their formulations. The new entry in the latest version of the German pharmacopoeia (Deutsches Arzneibuch, DAB) went into effect June 1.Continue Reading

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iLAVA of Arizona owns 100% of a cultivation and processing license and is now requesting proposals for a financed operator with cultivation experience to enter one of America’s top cannabis markets. Our ideal partner must be focused on quality control, compliance, and has experience designing and building out cannabis cultivationContinue Reading