Colorado Governor Signs Bill To Allow Online Marijuana Sales

The governor of Colorado has signed a bill into law that would allow online marijuana sales. About a month after the measure from Reps. William Lindstedt (D), Said Sharbini (D) and Robert Rodriguez (D) cleared the legislature, Gov. Jared Polis (D) gave it final approval on Thursday. It strikes language from existing statute that explicitly […]

Rhode Island Launches Online Medical Marijuana Patient Registration System

“It is very important that patients create an account in the portal to be sure they get important messages and updates.” By Christopher Shea, Rhode Island Current Rhode Islanders can now apply for a medical marijuana license online. The Rhode Island Department of Health (RIDOH) on Thursday announced the launch of the Rhode Island Cannabis Licensing […]

California Assembly Approves Bill To Legalize Marijuana Cafes

The California Assembly has passed a bill to legalize marijuana cafes, allowing dispensaries to offer non-cannabis food and drinks at their location if they receive local approval. The legislation from Assemblymember Matt Haney (D) cleared the chamber in a 59-9 vote on Wednesday and now heads to the Senate for consideration. “The legal cannabis industry […]

: Trulieve laying off 128 people as it exits Massachusetts business: Report

Trulieve Cannabis Corp. TCNNF is laying off 128 people as part of its announced exit from Massachusetts, MJBizDaily reported. The Florida-based cannabis company is closing dispensaries in Framingham, Northampton and Worcester on June 30. A cultivation facility in Holyoke will shut down by the end of the year. A retail dispensary in Grover Beach, Calif., will also shut down. Trulieve CEO Kim Rivers said the moves reflect the company’s effort to preserve cash “as we continue to focus on our business strategy of going deep in our core markets and jettisoning non-contributive assets.” The company said it remains confident in its market position overall as well as the long-term prospects for the industry. Alliance Global Partners analyst Aaron Grey reiterated its buy rating on Trulieve and said the company’s overall business remains on track. “While Trulieve may offer less geographic diversification than some other operators under coverage, its dominance in the Florida medical market and notable opportunity in the potential Florida adult-use market presents meaningful upside, in our view,” Grey said. Trulieve stock is down 46.1% in 2023, compared to a 23% drop by the AdvisorShares Pure U.S. Cannabis ETF MSOS. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

: Cannabis company Acreage names former Procter & Gamble exec as CEO

Acreage Holdings Inc. ACRHF on Friday said it’s promoting its chief operating officer Dennis Curran to chief executive officer as of July 1. Curran joined the New York-based cannabis company in 2022 after previously working in executive positions at Procter & Gamble Co. PG and GSK Consumer Health in sales, distribution and marketing. Acreage CEO Peter Caldini will resign on June 30. Acreage is combining with Jetty Extracts and Wana Brands to form Canopy USA LLC as the U.S.-unit of Canopy Growth Corp. CGC. Last week, Canopy Growth Corp. CGCfiled a revised proxy statement with the U.S. Securities and Exchange Commission updating its strategy to accelerate entry to the U.S. cannabis industry through a U.S.-domiciled Canopy USA. Acreage stock is down about 47% in 2023, compared to a 23% drop by the AdvisorShares Pure U.S. Cannabis ETF MSOS. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

FL cannabis legalization has enough sigs for ballot (Newsletter: June 2, 2023)

Military psychedelics bill in Congress; CA Senate votes to shield marijuana use history in job apps; CO gov signs cannabis professional protections Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || […]

Here’s How Missouri Spends Its Legal Marijuana Revenue

After expenses, revenue can go towards processing cannabis expungements, supporting veterans, funding drug treatment and adding to the Missouri Public Defenders System’s budget. By Rebecca Rivas, Missouri Independent Since Missouri’s marijuana sales began in 2019, the state has collected nearly $100 million in revenue from taxes and program fees, according to state authorities. Etched in […]

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