New York Approves Nearly 100 New CAURD Licenses

As we previously discussed, on March 28, 2023, the United States Court of Appeals for the Second Circuit narrowed the effects of the November Decision and lifted the injunction that prevented the Office of Cannabis Management (“OCM”) from issuing the Conditional Adult Use Retail Dispensary (“CAURD”) Licenses. The decision has enabled the OCM to issue […]

Maryland Lawmakers Pass Bill Blocking Police Searches Based On Marijuana Odor, Sending It To Governor

As Maryland’s governor prepares to sign a marijuana sales bill that passed the legislature over the weekend, lawmakers have approved a separate measure to prevent police from using the odor or possession of cannabis alone as the basis of a search. The legislation from Del. Charlotte Crutchfield (D), which passed the House with amendments last […]

Tilray discloses $1.2B quarterly loss, plan to buy cannabis rival Hexo for $56M

Canadian cannabis producer Tilray Brands reported a net loss of $1.2 billion (1.5 billion Canadian dollars) for its quarter ended in February and said it agreed to buy troubled rival Hexo Corp. for $56 million. According to a news release, Canada- and U.S.-based Tilray attributed the quarterly red ink to its declining market capitalization and a […]

‘Air’ Tells Story of Nike Signing Michael Jordan

Sonny Vaccaro is a middle-aged, slightly overweight marketing manager at Nike’s ailing basketball division who frequents college games across the country in search of promising players to sign on with his employer. On his way back to Nike HQ in Beaverton, Oregon, in the lonely top-left corner of the United States, he often arranges a […]

New Hampshire House Approves Cannabis Legalization Bill

The New Hampshire House of Representatives on April 7 approved bipartisan legislation to legalize cannabis for adults. The measure, House Bill 639 from Republican Representative Jason Osborne and Representative Matt Wilhelm, his Democratic colleague, was approved by the House by a vote of 272-109 late on Thursday. The legislation, which received initial approval from members […]

Maryland Lawmakers Pass Recreational Marijuana Sales Bill

Lawmakers in Maryland passed legislation over the weekend to regulate commercial cannabis production and sales after months of negotiation on issues including social equity and taxation. The bill, which sets the stage for regulated recreational marijuana sales to begin on July 1, now heads to the desk of Democratic Gov. Wes Moore. The Maryland Senate […]

Charlotte’s Web, Subsidiary of British American Tobacco Seek FDA Approval For New Drug

One of the market leaders in CBD products is teaming up with a subsidiary of the world’s biggest tobacco company to seek regulatory approval for a new botanical drug.  Charlotte’s Web Holdings, a market leader in full-spectrum hemp extract wellness products,  announced on April 6 that it is forming a joint venture with AJNA BioSciences […]