Day: November 13, 2023

Newmarket gets its first-ever Cannabis Store, despite town’s ban Image Cannabis News November 13, 2023 Store opens in defiance of the Town of Newmarket opting out of retail cannabis outlets, police investigating. Newmarket now has its first-ever retail cannabis location, but authorities say it is operating illegally. Newmarket Smokes OutContinue Reading

Five years after adult-use dispensaries opened, Massachusetts Cannabis Businesses have more banking options Image Cannabis News November 13, 2023 After a ballot initiative to legalize medical marijuana was approved by Massachusetts voters in the 2012 election, finding a bank that was willing to provide services to a cannabis business wasContinue Reading

Florida’s Supreme Court Hears Arguments on Adult Use Legalisation Bill Image Cannabis News November 13, 2023 Florida’s Supreme Court justices heard oral arguments on Wednesday as to whether a bill proposing adult-use cannabis legalisation should be included on the 2024 ballot. As Business of Cannabis reported last month, the AdultContinue Reading

Canopy Delivers Third Consecutive Quarter of Revenue Growth Image Cannabis News November 13, 2023 Canopy Growth has announced its financial results for Q2 2024, showing it has delivered its third consecutive quarter of organic revenue growth. Canopy Growth’s second quarter has seen impressive revenue growth, bolstered gross margins, and aContinue Reading

Kentucky Approves Emergency Rule to Regulate Hemp-Derived Cannabinoids Image Cannabis News November 13, 2023 Kentucky’s General Assembly Administrative Regulations Review Subcommittee has approved an emergency rule to regulate Delta-8 THC and other intoxicating hemp-derived cannabinoid products in the state. The rule aims to regulate products that are for adult useContinue Reading

New York Senators say they now know what’s wrong with the state’s Cannabis Industry. What will they do next? Image Cannabis News November 13, 2023 New York State Senate Subcommittee on Cannabis Reevaluates Enforcement and Social Equity Investment Fund Amid Slow Market Rollout. After hearing from state cannabis regulators, lawContinue Reading

CBD industry faces ‘existential crisis’ Image Cannabis News November 13, 2023 Bethany Gomez, managing director of the Brightfield Group, spoke with NutraIngredients-USA about the difficulties the cannabidiol industry is experiencing when it comes to defining itself. “The CBD industry is always in motion. It’s always changing, moving, fluctuating. Right now,Continue Reading

Dozens of Cannabis Startups are struggling to get fully licensed Image Cannabis News November 13, 2023 As adult-use cannabis dispensaries continue to open across Connecticut, other types of marijuana businesses have been slow to begin operations. As of Nov. 1, 55 cannabis companies had licenses pending, according to the state’sContinue Reading