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Regulated recreational and medical marijuana sales in New Mexico totaled $40.2 million in January. Data from state marijuana regulators show the monthly total includes approximately $26.5 million in adult-use marijuana sales and $13.8 million in medical marijuana sales.
Missouri is set to become the latest red state to launch recreational marijuana sales, a development that has undoubtedly caught the attention of cannabis operators and voters in neighboring Oklahoma, which will hold a special election next month on whether to legalize adult-use marijuana.
Tilray Brands has quietly dropped its commitment to achieve annual revenue of $4 billion (C$5.3 billion) by the end of 2024, and analysts now predict the North American cannabis producer will fall well short of that figure, expected to fall about 80 percent short of its $4 billion sales target.
A Washington State Senate committee Tuesday approved bills to provide employment protections for adults who use marijuana and to promote social equity in the cannabis industry.
Republican representatives from Florida have reintroduced legislation to reclassify marijuana under federal law. The bill would greatly help marijuana businesses suffering from federal tax burdens as well as potential researchers.
Argentina has set up a national regulatory body for the industrial and medical hemp industries, aiming to capitalize on domestic and international markets.
Legal medical marijuana sales in Georgia could begin by the end of the year after state regulators signed off on rules governing the state's low-THC cannabis oil program.
On Wednesday, New York state regulators granted 30 more licenses to operate recreational marijuana stores, despite a pending lawsuit that is still blocking adult-use marijuana retail sales in major parts of the state.
Tilray Brands, a Canadian-based multinational cannabis, alcohol and drug distribution company, is laying off about a quarter of its staff at its medical marijuana plant in Cantanhede, Portugal.
A cannabis-friendly hotel in Las Vegas will open this spring after the city approved a cannabis consumption lounge last year. Phoenix-based Elevations Hotels and Resorts, formerly known as Pro Hospitality Group, acquired the former Artisan Hotel in 2022 for $11.9 million.