Unscalable. Clunky. Siloed. That’s how many users describe today’s cannabis technology stacks. The reason? Cannabis-specific software-as-a-service (SaaS) platforms suffer from poor connectivity with one another, making it difficult for businesses to create interapplication workflows or solutions that require multiple third-party systems. Today’s businesses require fast, reliable, and compliant tech-stack connectivity. But with the industry still in its infancy, there’s a long road ahead to create seamless infrastructure and connectivity. It’s up to the community at large to ensure the road is ..read more

BEVERLY HILLS, Calif. – A disbarred lawyer with multiple previous fraud convictions admitted to bilking investors out of $18.4 million to fund a nonexistent hemp farm, infused retail products, and a bottling business. The schemes were just the latest in Mark Roy Anderson’s conman career, which has spanned more than three decades. Anderson, 69, pleaded guilty to two counts of wire fraud in April and agreed to forfeit fifteen vintage and luxury cars for which he paid $650,000; a $1.3-million gated residence in Ojai, California, and other ill-gotten gains. He also faces up to forty years in ..read more

PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research consultancy Whitney Economics. Worse, according to its U.S. Cannabis Delinquent Payments Report, the firm expects delinquent bills to top $4.2 billion this year unless regulators step in to stem the rising tide of debt. In 2023’s fourth quarter, Whitney Economics deployed a survey asking cannabis operators and ancillary businesses about the impact of delinquent payments. In addition, the Whitney Economics team conducted interviews with survey ..read more

WINNIPEG, MB – CAA Manitoba (CAA MB) is encouraging Manitoba drivers to remain vigilant this month by driving responsibly – and sober. In a recent survey conducted by CAA Manitoba, alarming data highlights concerns related to cannabis-impaired driving, particularly involving edibles. Key findings from the 2023 survey found that since legalization, a third of impaired drivers (27 per cent) in Manitoba have driven a vehicle after consuming an edible form of cannabis. “The data shows us that there is a significant number of impaired drivers under the influence of edible cannabis wh ..read more

WASHINGTON – Last Prisoner Project (LPP) has mobilized the largest coalition of bi-partisan cannabis advocacy, industry, and grassroots organizations, as well as individual activists to convene in Washington D.C. on April 18, 2024, for a 420 Unity Day of Action. A number of lobbying events have been planned to apply public pressure on Congress and the President to take action to fully legalize cannabis, free those still in prison, and provide retroactive relief. Advocates will be joined by elected officials who have been leading the fight for cannabis reform including Sen ..read more

BOULDER, Colo. – Nancy Whiteman, co-founder and CEO of Wana Brands, Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (collectively, “Wana”) will be stepping down from her day-to-day role at the end of May 2024 to pursue philanthropic activities and other interests. This move follows an incredible founder story that saw Wana rise from a kitchen creation to its position as one of the leading edibles brands in North America. Fortunately, Nancy will not be going far; she will continue to be involved in the future of Wana and the industry through her role as a membe ..read more

ORANGE COUNTY, Calif. — TYSON 2.0, the premium cannabis brand of legendary boxer, entrepreneur, and advocate Mike Tyson, and Carma HoldCo Inc announced they have teamed up with PHCANN International (PHCANN), a leading multinational pharmaceutical company committed to providing high-quality cannabinoid-based products worldwide, to exclusively cultivate, manufacture and distribute TYSON 2.0 branded THC products such as flower, concentrates and consumables across Germany and the United Kingdom (UK). The announcement comes just ahead of the International Cannabis Business Confe ..read more

TORONTO and GLIL YAM, Israel — IM Cannabis Corp, a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the  seller. “With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest grow ..read more

PHOENIX – 4Front Ventures Corp., a vertically integrated, multi-state cannabis operator and retailer, today announced its financial results for the fourth quarter and full year ended December 31, 2023. All financial information is presented in U.S. dollars unless otherwise indicated. Q4 2023 Highlights GAAP revenue from continuing operations of $ 21.0 million Adjusted EBITDA (non-GAAP) of $ 2.5 million FY 2023 Highlights GAAP revenue from continuing operations of $ 97.4 million Adjusted EBITDA (non-GAAP) of $ 10.1 million Increased wholesale revenue by 75% in Illinois and ..read more

With federal legalization nowhere in sight and legislative reforms unlikely this year, companies looking for investment in 2024 are in a more precarious position than ever as multistate operators and other competitors size them up for mergers and acquisitions (M&A). Interest rates shot through the roof and inflation worries spooked investors in 2023, so investment capital dried up and an already competitive industry became even more challenging. Unfortunately, 2024 is shaping up to be more of the same. “I think there’s going to be more acceleration of bankruptcies and restructurings in 202 ..read more