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Cresco Labs Inc., a multi-state cannabis operator, said it has closed an agreement to sell and lease back its marijuana facility in Fall River, Massachusetts to Innovative Industrial Properties, Inc. or IIP. This is Cresco's fifth sale-and-leaseback agreement with IIP, a real estate company focused...

Illinois has delayed granting more than 80 marijuana business licenses that were scheduled to be awarded on July 1, due to the COVID-19 pandemic. Illinois Governor J.B. Pritzker signed an executive order earlier this week announcing that the July 1 deadline for issuing adult-use cannabis craft grower,...

Dixie Brands Inc., a Denver-based manufacturer of cannabis-infused products, said it has decided to change its name, adding that it hoped the change is a small step forward for a "more just and equal world." Dixie Brands said that the national conversation about the racism and injustice has focused...

Hemp oil producer AVF CBD, LLC, d/b/a Entoura said it has acquired Atalo Holdings, a Kentucky-based agriculture and biotechnology company engaged in the research and production of industrial hemp. Terms of the acquisition were not disclosed. Entoura noted that the acquisition of Atalo Holdings will...

Canadian cannabis company Aleafia Health Inc., its subsidiary Emblem Cannabis, and Aphria Inc. said they have agreed to settle their outstanding dispute regarding the termination of their wholesale cannabis supply agreement. In September 2018, Aphria entered into a wholesale cannabis supply agreement...

Canadian cannabis company Aurora Cannabis said Tuesday it has initiated a plan to close five smaller production facilities over the next two quarters in order to focus production and manufacturing at the company's larger scale sites. The company will also cut jobs at the corporate and production level...

Jushi Holdings Inc., a cannabis and hemp operator, said Monday it has agreed to acquire the entire equity of Pennsylvania Medical Solutions LLC, a Pennsylvania grower-processor owned by Vireo Health International Inc. Under the terms of the deal, Jushi will pay Vireo $16.3 million in cash, a $3.8...

Virginia regulators have voted to rescind the medical marijuana dispensary license held by California-based multi-state marijuana operator MedMen Enterprises in the town of Staunton, according to a report by Staunton's News Leader. The move comes less than a month after Virginia Governor Ralph Northam...

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