Marijuana
New York is cracking down on illegal weed stores as legal market struggles to take hold
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Spencer Platt | Getty Images News | Getty Images New York officials are ramping up efforts to stop the statewide proliferation of unlicensed smoke shops selling marijuana, […]
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New York expands legal marijuana licenses — but some would-be retailers feel left behind
A woman walks by a smoke shop in New York City that displays a marijuana leaf in the window, June 16, 2023. Spencer Platt | Getty Images News | Getty Images Coss Marte’s marijuana dispensary in lower Manhattan has already cost him over $1 million, and it’s not even open yet. He was awarded a […]
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Cannabis ETFs boom as HHS recommendation to ease restrictions raises hopes for federal reform
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | Reuters Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest. The upswing in the funds, the most […]
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U.S. health officials want to loosen marijuana restrictions. Here’s what it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, on Thursday, Dec. 29, 2022. Jeenah Moon | Bloomberg | Getty Images This week, the Health and Human Services Department asked the Drug Enforcement Agency to consider easing restrictions […]
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HHS calls for easing restrictions on marijuana, sending cannabis stocks higher
James Romano trims flower while working in CommCans processing facility in Medway, MA on Oct. 27, 2021. Beneath the trimmed flower is a tray collecting shake, cannabis flower that has naturally broken down through handling. Shake can be used in CommCans pre-rolled joints or made into edibles. Erin Clark | Boston Globe | Getty Images […]
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Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles
Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021. Anne Sakkab | Bloomberg | Getty Images Tilray Brands is expanding its footprint in alcoholic and cannabis beverages, buying up brands from Molson Coors and Anheuser-Busch as legal restrictions hamper the marijuana industry. […]
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Poseidon Dynamic Cannabis ETF to close as investors lose interest in marijuana industry
A proposed constitutional amendment for recreational marijuana is under review by the Florida Supreme Court. Brad Horrigan | Tribune News Service | Getty Images A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic […]
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Cannabis companies Cresco, Columbia call off $2 billion merger as industry awaits banking reform
A worker trims leaves of young cannabis plants in a greenhouse at a Cresco Labs Inc. facility in Indiantown, Florida, U.S., on Monday, March 28, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images A $2 billion mega-deal between cannabis multistate operators Cresco Labs and Columbia Care has gone up in smoke more than a […]
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Tilray stock surges after cannabis company improves bottom line
Tilray Brands shares spiked Wednesday after the Canadian cannabis producer reported a narrower loss for its fiscal fourth quarter than a year ago and a solid revenue beat. The stock opened nearly 20% higher Wednesday at just under $2 per share. While a Canadian company, Tilray has been positioning itself to be a leader in the […]
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Senate holds first hearing on bill to help marijuana businesses access financing
Aaron Smith, chief executive officer of the National Cannabis Industry Association, speaks during a news conference on the Safe Banking Act outside the US Capitol in Washington, D.C., on Wednesday, Sept. 14, 2022. Ting Shen | Bloomberg | Getty Images The Senate Banking Committee is holding its first-ever hearing Thursday on a bipartisan bill that […]
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