Curaleaf is asking regulators to halt Aurora Cannabis share sales during its hostile bid, High Tide reported record quarterly results, and a major California cultivation operation faces scrutiny following a worker’s death and a product recall.
Tag: cannabis business
Cannabis Rules Advance as Clippers End Their Fight
Florida proposed a new framework for medical marijuana licensing, a federal bill raised the prospect of longer exclusivity for botanical drugs, and Clippers owner Steve Ballmer accepted sweeping NBA penalties.
Cannabis Contract Shock and Hollywood’s Merger Standoff
A federal appeals court erased a $31.8 million cannabis verdict, Ohio activated detailed product rules, and Paramount’s contested Warner Bros. acquisition moved toward court-ordered settlement talks.
Cannabis Tax Revenue Rises as California Retail Expands
Federal data show cannabis excise tax collections reaching a new high as a California retailer expands through social-equity ownership. In media, Jimmy Kimmel’s decision to move a political interview off ABC highlights the growing business consequences of broadcasters’ conflict with the FCC.
Cannabis Rescheduling Holds as Hemp Risks and Regulatory Scrutiny Grow
A federal appeals court left a limited cannabis rescheduling order in effect, Massachusetts crossed $10 billion in adult-use sales, and a new report quantified the hemp sector’s exposure to pending restrictions. Regulatory pressure also intensified around Fox’s Roku acquisition and Los Angeles wildfire insurance claims.
Cannabis Banking Gaps Persist as Ballot and Global Market Stakes Rise
A federal review documents persistent banking barriers for cannabis businesses, a well-funded campaign targets Massachusetts legalization, and Canopy Growth expands in Australia. Hollywood’s record summer and storm damage in Long Beach round out the day’s major business and California developments.
Cannabis Consolidation Meets a New Enforcement Push
Cresco Labs expanded its Pennsylvania retail footprint as California intensified enforcement against illegal intoxicating products and investigated troubling conditions at a licensed cultivation site. Alaska regulators also opened a potentially consequential debate over cannabinoid sourcing, while Fox News began an abrupt programming transition.
Federal Hemp Ban Delayed
President Trump signed a temporary reprieve for much of the hemp-derived THC market, California highlighted nearly $8.4 billion in cannabis tax revenue, and Aurora formally rejected Curaleaf’s hostile takeover bid.
Federal Hemp Market Gets a One-Month Reprieve
Federal hemp restrictions are delayed until December, Aurora rejects Curaleaf’s hostile takeover bid, and California reports $8.4 billion in cannabis tax revenue alongside a major illicit-market seizure.
Federal Hemp THC Ban Delay
Congress has sent a temporary hemp THC reprieve to the White House, while Curaleaf and Aurora escalate a major cannabis takeover battle. In Los Angeles, the Lucas Museum of Narrative Art has detailed its long-awaited public opening.
