Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be deployed in the...

The state’s largest cannabis company has requested the court strike down the residency requirement in Maine’s medical marijuana law, making the same constitutional argument it used to successfully open the state’s recreational market to out-of-state investors earlier...

At least 57 licensed cannabis companies in Los Angeles are poised to lose business permits by the end of the year with no obvious way to get the licenses reinstated. The licensees in question – which appear to be a mixture of retailers, distributors, and perhaps other...

Schwazze, formerly operating as Medicine Man Technologies Inc (“Schwazze ”), announced it has closed on the asset purchase of the first six of 13 Star Buds Colorado retail locations. The total consideration was approximately $37.1 million, consisting of $13.9 million...

Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge challenges remain,...

Connecticut's four licensed marijuana growers are planning for the inevitable, if not imminent, approval of cannabis sales for adult recreational use in Connecticut by expanding their footprints. With the state’s fragile economy — all the worse in the coronavirus...