Massachusetts regulators have issued the state’s first cannabis research facility license to a unit of multistate operator Curaleaf Holdings. The Massachusetts Cannabis Control Commission (CCC) unanimously approved the application of Curaleaf Processing to operate a marijuana research lab in Newton, the agency said in a news release. “We are excited to move the state’s first-ever […]
Donald Trump’s forthcoming return to the White House and his nomination of pro-legalization (but not pro-Florida legalization) Matt Gaetz for attorney general adds a new dimension to the cannabis sector’s outlook. But stock performance remains tightly linked to state markets, said Pablo Zuanic, managing director at Zuanic & Associates, in recent research reports. “With DJT2, we […]
The nation’s largest cannabis company says it is already engaging with Donald Trump’s transition team, betting the president-elect’s pro-business stance and campaign promises could revive an industry rattled by Florida’s failed legalization bid and ongoing federal prohibition. Curaleaf Holdings’ (CURA: CA) (OTCQX: CURLF) CEO Boris Jordan revealed the early outreach during a Wednesday earnings call. […]
A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against New York-based Curaleaf and former CEO Matt Darin that she was fired in March 2023 […]
Flora Growth Corp. (NASDAQ: FLGC) on Wednesday said it signed an agreement with Curaleaf Holdings Inc. (TSX: CURA) to distribute medical cannabis products in Germany, which expanded its market earlier this year. The deal will allow Flora to import Curaleaf’s medical strains through its EU-GMP certified facility, according to a company news release. “We are […]
There is a tsunami of debt headed straight for the cannabis industry. When capital dried up a few years ago, many publicly traded cannabis companies turned to debt for needed funding. Now, roughly $1.83 billion of that debt is set to come due by 2026. Facing the wave There’s no way to know exactly how […]
Massachusetts regulators fined New York-based marijuana multistate operators Ascend Wellness Holdings and Curaleaf Holdings a combined $165,000 for neglecting consumer safety practices. The Massachusetts Cannabis Control Commission (CCC) fined Ascend $85,000 on Thursday for omitting roughly 900 marijuana products from the state’s required track-and-trace system, The Boston Globe reported. The allegations, which date as far […]
News from: Curaleaf, Ascend Wellness, New York, Tilray and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 10, 2024. On the Site Massachusetts regulators fine Ascend Wellness, Curaleaf for ignoring consumer safety practices A government staffer said Ascend’s process failures were “so egregious as to amount to […]
Massachusetts cannabis regulators issued fines on Thursday to two of the state’s biggest marijuana companies – Ascend Wellness Holdings Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) and Curaleaf Holdings Inc. (CURA:CA) (TSX: CURA) (OTCQX: CURLF) – for a total of $165,000 over allegations that both companies were negligent when it came to consumer safety practices. Ascend, which […]
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Anthony Coniglio (Courtesy photo) The Federal Reserve’s recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful analysis of its implications across all industries. Investors in the battered marijuana industry have […]
