MjLink Cannabis Business News and Press

Cannabis Industry Business Professionals Blogs, Press Releases and News Articles from the best journalist in the industry. Stay updated on all news from many online cannabis news outlets, on MjLink.com

From Legacy to Legal: Black History Month

Reentering his community after incarceration, Kyle Paige provides an inside look of his journey to Ascend and the company's social equity and expungement efforts.

Canopy Growth Announces $150 Million Registered Direct Offering

The agreement with an institutional investor is part of the company’s focus to accelerate an entry into the U.S. market.

After Setting Special Election on Cannabis Legalization, Oklahoma Governor Confirms He Opposes the Measure

State Question 820 will go before voters March 7, with promises of $434 million in new tax revenue.

MedMen Continues Restructuring Efforts Amidst 34% Payroll Reduction

The multistate cannabis operator announced the strategic review of its assets in Arizona, Illinois and Nevada as next steps of those efforts.

5 Cannabis Laws to Watch This Year

More federal reform is possible following the passage of the Medical Marijuana and Cannabidiol Research Expansion Act, while there is an ever-increasing push for legalization at the state level.

Cannabis Legalization Gains Major Momentum in Minnesota

Under a Democratic trifecta in 2023, the North Star State’s end to prohibition appears imminent.

Texas Lawmaker Files Measure to Allow Local Cannabis Legalization

The proposal would permit Texas counties and municipalities to legalize adult-use cannabis within their jurisdictions.

California Regulators Offer Grants to Local Governments to License Cannabis Retailers

Up to $20 million in total funding is available for the Local Jurisdiction Retail Access Grants, which will be distributed in two phases.

DEA Declares THC-O Acetate as a Schedule I Controlled Substance

The federal agency sent a letter to attorney Rod Kight Feb. 13, stating that the cannabinoid is a controlled substance because it is not naturally occurring in the cannabis plant.

Cannabis Stocks Are a Bargain Right Now. Here's Why

The downturn in stocks has a lot of causes but few industry stakeholders predicted it publicly in advance.

Trulieve Claims to Be First Cannabis Company to Launch Advertising Campaigns on Twitter

The Florida-based operator’s social media campaigns include a presence in its multistate footprint.

Cannabis Conference Announces 2023 Advisory Board

Comprised of plant-touching cannabis professionals, the Advisory Board is helping to develop Cannabis Conference’s unparalleled education and expo event (Aug. 15-17, 2023, at Paris Las Vegas).

Twitter Will Allow Cannabis Businesses to Advertise

This move lifts a major gate on marketing opportunities for the industry: social media.

Virginia Lawmakers Reject Legislation to Launch Commercial Adult-Use Cannabis Sales

The Republican-controlled House of Delegates voted Feb. 14 to kill a bill that would have allowed an adult-use market to launch next year.

How Stone Road Farms Maintains Steady Growth Amid Industry Challenges

The California-based company rounded out last year with 50% year-over-year growth from 2021 despite operating in a market that owner Lex Corwin describes as “inherently broken.”

Colorado Cannabis Sales Take Nosedive; Denver Among Hardest Hit

The 2022 correction came after Coloradans spent more money on adult-use cannabis on a per-capita basis than their legalization peers in 2021.

SNDL Initiates Mass Layoff in Cost-Saving Measure in Alberta

The company’s headcount reduction includes roughly 85 employees as it expects to report record net revenue and net cash for Q4 2022.

Michigan's Plummeting Cannabis Prices: A Closer Look

Will Bowden, CEO of Grasshopper Farms, gives an inside look into Michigan's cannabis market and how the company is navigating price compression.

Ayr Wellness Appoints David Goubert to President, CEO

Jonathan Sandelman’s role transitioned to the company’s executive chairman of the board.

New Jersey Regulators Remove Cap on Cannabis Cultivation Licenses

The state’s Cannabis Regulatory Commission recommended a Feb. 22 expiration date for the current limit of 37 licenses.