Canopy Growth Corporation has completed a deal to divest its retail operations across Canada. First announced in September, the transaction sees OEG Retail Cannabis (OEGRC) take over 23 Tweed and Tokyo Smoke retail storefronts across Canada. OEGRC, a division of the privately held Katz Group, is an existing Canopy Growth licensee partner that currently owns […]
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Canadian marijuana producer Aurora Cannabis sold off its former Aurora Polaris facility to an unspecified buyer for gross proceeds of 15 million Canadian dollars ($11.1 million). Aurora announced the closure of the Polaris facility in August 2022, alongside a roughly 8% reduction in the company’s workforce. ADVERTISEMENT The exact cost Aurora paid to develop the […]
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Vermont began recreational marijuana sales only three months ago, and in that time, the number of stores has jumped from a handful to about two dozen – and more are expected to open in the near future. At the beginning of October, only four retail cannabis stores were licensed in the state, with three open […]
An Introduction to Your First Vape Kit As a new starter in the market for your first vape, you are going to see a lot of acronyms. When looking for a beginner kit you are bound to come across the phrase ‘MTL’ a lot. In this article we’re going to explain what it means, break […]
Four years after recreational cannabis sales began in Michigan, Detroit regulators have issued 33 retail licenses. According to Crain’s Detroit Business, 20 social equity applicants and 13 non-social equity applicants won licenses to operate adult-use stores. ADVERTISEMENT Michigan voters approved an adult-use market in 2018, and sales launched around the state on Dec. 1, 2019. […]
As we previously broadly summarized on October 31, 2022, the Office of Cannabis Management (OCM) released its “Guidance for Adult-Use Dispensaries” (the Regulations) on Friday, October 28, 2022. The Regulations provide guidance for Conditional Adult-Use Retails Dispensary (CAURD) licensees and applicants. Last week, at a hearing with the Cannabis Control Board, it was announced that […]
Medical cannabis advocates in South Carolina are ready to go again as they hope that 2023 will finally be the year that they legalize the treatment in the state. Local news station WPDE reports that two bills have been “pre-filed in the South Carolina House for the 2023 legislative session [that] would legalize medical marijuana […]
Lawmakers in the U.S. Virgin Islands last week passed legislation to legalize recreational marijuana, bringing the number of states and territories in the country that have legalized the use of cannabis by adults to 21. The legislation was passed in the U.S. Virgin Islands Senate on December 30 by a veto-proof majority vote of 11-1. […]
On New Year’s Day, Connecticut Gov. Ned Lamont announced that 42,964 cannabis convictions were processed to be erased. That number was fielded a month ago in Gov. Lamont’s initial announcement on Dec. 8, 2022. The governor expressed how prior cannabis convictions shouldn’t be a detriment to a person’s chance at employment and other opportunities. “As […]