Ayr Wellness backs off from $55 million cannabis retail acquisition in Chicago

Multistate operator Ayr Wellness said it has canceled its acquisition of Chicago cannabis retail operator Dispensary 33, citing changing market conditions. Miami-based Ayr described the decision to terminate the deal as “mutual,” according to a Friday news release. ADVERTISEMENT “The cannabis market has changed significantly in the 15 months since we agreed to acquire Dispensary […]

Virginia Senators Approve Bill To Reschedule Psilocybin And Create Board To Study Therapeutic Access

Virginia senators have approved a bill in committee to establish a statewide psilocybin advisory board and move the psychedelic to a lower schedule under state statute. The legislation from Sen. Ghazala Hashmi (D) passed in the Senate Education and Health Subcommittee on Health Professions in a 6-1 vote on Friday morning. This comes about a […]

Tech firm Akerna sells software business, exits marijuana industry to join crypto venture

Akerna Corp., the parent company of pioneering cannabis technology company MJ Freeway, said Friday it’s exiting the marijuana industry based on headwinds much of the market is facing. Denver-based Akerna is merging with cryptocurrency business Gryphon Digital Mining in an all-stock deal that will allow the latter company to go public on the Nasdaq. ADVERTISEMENT […]

Massachusetts Recreational Marijuana Sales Have Officially Exceeded $4 Billion, State Regulators Announce

Massachusetts adult-use marijuana sales have officially exceeded $4 billion since the state’s market launched in late 2018, regulators announced on Friday. As of January 12, the state saw $4,000,732,608 in gross cannabis sales, according to data from the Cannabis Control Commission (CCC). This comes less than a year after Massachusetts hit the $3 billion mark, […]

PAX Plus vs PAX Mini: Vaporizer Comparison

Are the latest PAX Plus and PAX Mini dry herb vaporizers worth picking up? With different price points, features, and accessories, these conduction vaporizers meet different vaping needs. Each one serves different purposes and caters to a variety of experience levels and it’s important to highlight them before you pull the trigger on one. The […]

Argentina Launches New Agency To Boost Cannabis Industry

Argentina officially launched a new government agency on Wednesday as part of an effort to bolster the country’s medical marijuana and hemp industry.  Reuters reports that the agency, known as the Regulatory Agency for the Hemp and Medicinal Cannabis Industry, or ARICCAME, represents “the first working group of a new national agency to regularize and […]

New York Cannabis: Social and Economic Equity Applicants

As we previously broadly summarized on December 27, 2022 (here), in late December 2022, the Office of Cannabis Management (“OCM”) released its first proposed adult-use cannabis rules and regulation for New York (the “Proposed Regulations”). The official document is 282 pages, so we won’t cover every detail. But we will highlight the big-ticket items, significant issues […]

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