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Online cannabis shop directory Weedmaps said it has cut its workforce by 25 percent, citing the slow rollout of recreational marijuana in new markets and the lack of sufficient licenses to grow in functioning legal markets. The announcement comes less than two months after the Irvine, California-based...

Cannabis company Cresco Labs Inc. said it has received state approval to sell marijuana for recreational use at all five of its existing medical cannabis dispensaries in Illinois. Cresco Labs noted that it is currently the only company approved in the state to both grow and sell recreational marijuana....

Abacus Health Products, Inc., a manufacturer of CBD-based topical pain-relief treatments, said it will enter the U.S. convenience store market segment through a distribution agreement with E&S International Enterprises, Inc. or ESI. Canada-based Abacus Health manufactures and sells over-the-counter...

Arizona's medical marijuana program saw an increase in patient count in the month of September 2019, while combined retail sales volume of medical marijuana in the state declined from the prior month. According to monthly data released by the Arizona Department of Health Services or ADHS, Arizona's...

Square Inc., a payment processor and point-of-sale solutions provider, said it has launched a CBD early-access program that will allow businesses in the U.S. to sell CBD products on its platform. The company noted that the CBD products must be hemp-derived and have less than 0.3 percent tetrahydrocannabinol...

California Governor Gavin Newsom has signed legislation into law that will allow schools in the state to decide whether parents can administer medical cannabis to their children on K-12 campuses. The bill will allow parents to administer their child's dose of medical cannabis on K-12 campuses under...

Canadian cannabis company Aleafia Health Inc. said it has terminated the wholesale cannabis supply agreement that its wholly-owned subsidiary Emblem Corp. had entered into with Aphria Inc. Aleafia said that Emblem exercised its contractual right to terminate the agreement due to Canada-based Aphria's...

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