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Indica news
Cresco Labs Buying Rival to Become Largest U.S. Cannabis Company
Cresco Labs (OTC: CRLBF) is buying New York-based Columbia Care (OTC: CCHWF) in a $2 billion deal that will make it the largest marijuana company in the U.S. The all-stock purchase would give Cresco a presence in new recreational-marijuana markets, such as...
South Dakota Governor signs handful of medical cannabis bills
The six bills bring a host of changes to the new cannabis law in South Dakota, including one that places a limit on the number of plants a patient can grow. South Dakota Gov. Kristi Noem last week signed a number of bills dealing with the state’s fledgling medical...
New York’s Cayuga Nation To Sell Recreational Cannabis
The tribe may beat state recreational sales by up to a year New York’s Cayuga Nation Native American tribe is preparing to launch an adult-use cannabis cultivation enterprise, months before state-licensed recreational pot retailers begin serving customers. Under the...
Georgia Senate almost voted on cannabis product without realizing it
An unlikely Senate duo — a conservative South Georgia farmer running for higher office and a liberal Atlanta preacher — have teamed up to help cannabis farmers with a bill allowing more hemp products in a state where marijuana remains illegal. The Georgia bill got as...
Maryland Lawmakers Approve Millions In Funding To Implement Marijuana Legalization If Reform Is Enacted
A key Maryland House committee advanced a Senate-approved budget bill last week, adding new amendments that would allocate tens of millions of dollars in funding to implement marijuana legalization with the expectation that the reform will ultimately be enacted this...
New York cannabis regulations are in limbo. But the pot industry is booming on reservations.
The proliferation of the shops has beaten New York’s own plans to open dispensaries after the state Legislature legalized recreational marijuana last year. State officials said it is legal for the tribes across New York to sell marijuana before regulators have adopted...
Michigan Cannabis Flower Price Dips $171 Per Ounce in One Year
Although demand for adult-use cannabis soared throughout 2021 in Michigan, falling retail prices have left some business executives uncertain of their future in an increasingly competitive market. From flower, vapes, edibles, and a host of other products, Michigan...
Mississippi Cannabis Trade Association Holds Petition Drives for Special Elections on Medical Cannabis
The Mississippi Cannabis Trade Association is trying to ensure medical cannabis access for all those who need it—even patients in cities that have opted out of the state’s medical cannabis program. The industry group is holding signature drives in local...
CDC Dishes Out Workplace Cannabis Policy Advice to Companies That Hire Drivers
Cannabis companies that hire drivers to work for them—such as delivery services and goods transporters—are being advised by the Centers for Disease Control and Prevention (CDC) to establish certain policies that can mitigate the risk of impaired driving, all the while...
Don’t Expect More Cannabis Funds, Says Portfolio Manager
A portfolio manager doesn’t expect to see additional marijuana-centered funds due to lack of demand. Nawan Butt, portfolio manager with Purpose Investment, told the Investing News Network (INN) despite the success of managed funds with a direct focal point in pot...
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