Greenlane IPO: 5 things to know about the closest thing to a U.S. cannabis company to go public on Nasdaq
Wholesaler supplies vaporizer products and more to pot stores and head shops Greenlane Holdings Inc. plans to raise roughly $98 million through an initial public offering on the Nasdaq, which would arguably make it the closest thing to a U.S. cannabis company available for trade on a major U.S. exchange. The Boca Raton, Florida, company […]
Maryland cannabis regulators tell dispensaries they need to open by Sept. 30 or else
Medical cannabis companies still struggling to open stores in Maryland will have their preliminary approvals to operate revoked by state regulators if they do not finalize their licenses and open their doors by Sept. 30. The Maryland Medical Cannabis Commission issued a bulletin Thursday alerting companies of the deadline and advising them to complete their final inspections by […]
New Mexico Decriminalizes Adult Use Cannabis
Santa Fe, New Mexico — The Midwestern state of New Mexico is poised to become the 24th to decriminalize cannabis. Local Albuquerque station KRQE reports that “Gov. Michelle Lujan Grisham signed legislation last week that will decrease penalties for cannabis possession from a criminal to civil violation. Individuals caught with less than half an ounce of cannabis will face a $50 fine, instead of jail or prison time. […]