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MJ Biz write The share price of Weedmaps’ parent, WM Technology, popped Wednesday morning after its co-founders submitted a proposal to take the California company private. Investors sent shares of the Irvine-based company – which trades as MAPS on the Nasdaq exchange – up nearly 25% on word of the potential deal and boosting its market […]
Strat Cann Health Canada’s cannabis program will see about $20.5 million in cuts over the next three years as part of the federal government’s goal of finding some $15.8 billion in savings over five years under its ongoing “Refocusing Government Spending” initiative, reports the Hill Times. The cuts to Health Canada’s cannabis program constitute the largest […]
The Twenty-Nine Palms Band of Mission Indians has expanded its cannabis operations with the opening of its third Red Falcon Tribal dispensary in Yucca Valley, Calif, marking continued growth in tribal cannabis enterprises nationwide. The new dispensary, which opened December 7 on sovereign reservation land along California’s Route 62, joins existing locations in Twentynine Palms […]
Cannabiz report on the following deal. Now the Chinese have a firm grip in the global cannabis black market it appears that somebody in Beijing has quietly given the green light for investors/companies to operate in the legal market. The dichotomy may not be immediately obvious to some but there you go, that’s what happens […]
I’m sure it’s not all doom and gloom but the headlines suggest otherwise Firms owed $1.7m by OneLife Labs OneLife Labs owes more than A$1.7 million to creditors, including $365,000 to Colombian producer Clever Leaves, as potential buyers continue to explore the acquisition of its manufacturing facility. Health House parent hits financial wall as Melodiol […]
New Jersey’s cannabis industry continues to unionize with employees at a manufacturing facility in Passaic opting to organize. Following a vote to join Teamsters Local 469, the 40 staffers at Garden Society became the first cannabis workers in New Jersey to become part of the union, according to a press release . Local 469 President Michael Broderick commented, “Garden […]
BOSTON – A Manchester, N.H. man pleaded guilty on Dec. 11, 2024, in federal court in Boston to possession with intent to distribute five kilograms or more of cocaine. Miguel Angel Martinez Lugo, a/k/a “Jesus Manuel Encarnacion,” a/k/a “Jose Rosado Rabell,” 38, pleaded guilty to one count of possession with intent to distribute 5 kilograms […]
Header Image: Pol Vandemeulebroucke Nine people, including a former lawyer, have been arrested during various house searches by the Federal Police in recent days. The searches were part of an investigation into a large criminal organisation importing drugs from South America to Europe. Several searches were carried out in the Flemish municipalities of Mortsel (3), […]
Four people have been charged and an alleged magic mushroom ring has been smashed in a police operation across Sydney. At about 8.50am yesterday, police stopped a car in Sydney Olympic Park, where they arrested two men, aged 45 and 30. They were both charged with multiple drug supply offences. At about 9.30am yesterday, police arrested […]
Authorities in Portugal found and seized more than 1.3 tons of cocaine hidden inside a shipment of frozen fish that was transported from Ecuador and set for distribution across Europe, the national police force announced on Monday. The smuggled cargo, which weighed about as much as a compact SUV, was discovered as part of a broader campaign to combat […]