Judge clarifies New York adult-use marijuana ruling after creating chaos
A New York Supreme Court judge turned the state’s legal cannabis industry on its ear Thursday by striking down nearly all of the state’s adult-use marijuana regulations.
New York Medical Marijuana News
A New York Supreme Court judge turned the state’s legal cannabis industry on its ear Thursday by striking down nearly all of the state’s adult-use marijuana regulations.
U.S. lawmakers might address intoxicating hemp-derived cannabinoids in the new Farm Bill, which could adversely affect a budding industry.
Cannabis multistate operator Goodness Growth Holdings is selling its subsidiary Vireo Health of New York (VireoNY) to Ace Venture Enterprises for $3 million-$5 million as the company works to amend a credit agreement with its secured lender.
New York regulators on Friday approved 114 more adult-use marijuana licenses, but illicit stores continue to outnumber legal operators by nearly 24-to-1.
Marijuana multistate operator The Cannabist Co. raised $25.75 million in senior secured convertible debentures.
Biotech company Amyris will pay its former business partner, cannabinoid manufacturer Lavvan, $15.1 million as part of a settlement agreement that ends years of litigation.
New York’s governor has ordered examiners to assess the state’s cannabis regulator and processes related to adult-use licensing.