Shareholders of cannabis firm Hexo approve Tilray takeover
Shareholders of Canadian cannabis producer Hexo Corp. approved Tilray’s court-accepted plan to acquire all the issued and outstanding common shares of the Quebec company.
New York Medical Marijuana News
Shareholders of Canadian cannabis producer Hexo Corp. approved Tilray’s court-accepted plan to acquire all the issued and outstanding common shares of the Quebec company.
State regulators and government officials nationwide are taking steps to ramp up enforcement against cannabis companies that fail to pay vendors, taxes or business fees.
New York regulators have started seizing products and issuing violations as part of a statewide initiative to rein in unlicensed marijuana operators in one of several new developments aimed at jump-starting sales in the state’s adult-use market.
New York-based cannabis multistate operator Acreage Holdings announced Friday that Dennis Curran, the company’s chief operating officer since March 2022, will assume the role of CEO starting July 1.
A settlement between New York cannabis regulators and a Michigan plaintiff will finally open up retail licensing in the Finger Lakes region.
New legislation and significant regulatory policy shifts are in play to stabilize the shaky roll-out of New York’s adult-use cannabis program, including allowing some of the nation’s largest multistate operators (MSOs) to enter the expanded market by year’s end.
Regulated adult-use marijuana sales in New York state have surpassed $16.5 million since the first dispensary opened in December, state regulators said last week.