Cannabis Business

The New York Office of Cannabis Management (OCM) has launched the Cannabis Banking Directory, a new initiative aimed at connecting state-licensed cannabis businesses with banks and credit unions willing to serve the industry. The program, developed by OCM’s Social and Economic Equity (SEE) Team, seeks to reduce financial barriers and create greater stability for cannabis […]

Toronto, Ontario, will halt its efforts to shut down illegal cannabis dispensaries in the city, citing budgetary concerns and the safety risks posed to municipal enforcement officers. Carleton Grant, Toronto’s executive director of municipal licensing and standards, explained during a council budget committee meeting that law enforcement agencies, not the city, should be responsible for

The Missouri Department of Health and Senior Services’ Division of Cannabis Enforcement has proposed new regulations for the state’s cannabis microbusiness sector aimed at addressing concerns of predatory middleman practices. Under the proposed rules, the designated contact for all cannabis microbusiness licenses would be required to be an owner or partial owner of the company,

New York’s adult-use cannabis industry has officially surpassed $1 billion in sales since the program’s launch in 2022, according to the latest report from the Office of Cannabis Management (OCM). This significant milestone underscores the state’s dedication to creating a thriving, equitable market while meeting consumer demand. The state has issued or provisionally approved more

Ohio’s cannabis industry could be facing significant changes as the Ohio Division of Cannabis Control (ODCC) has proposed a new set of regulations that would restrict certain advertising methods and allow for the sale of pre-rolls at adult-use dispensaries. The proposed rule package, which aims to further regulate the growing market, includes provisions aimed at

Connecticut’s cannabis flower prices have hit an all-time low this year, dropping to $10.86 per gram, according to the latest data from the Department of Consumer Protection (DCP). While this isn’t the lowest price seen since the launch of adult-use sales in the state, it marks a notable decrease following a period of price fluctuations

In a letter addressed to New York Governor Kathy Hochul (D), 18 organizations expressed growing concerns over the administration’s shift away from the social equity promises made in the state’s adult-use cannabis law. The coalition, consisting of civil rights groups, small business advocates, cannabis equity leaders, and drug policy organizations, called for stronger leadership at