Illinois hands out three more adult-use cannabis licenses, two in Chicago

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Ex-Canopy exec Linton appointed chair of cannabis operator Vireo

Minneapolis-based Vireo Health International, a multistate marijuana operator, on Thursday announced Bruce Linton will serve as the company’s executive chair and will be “actively involved” in the business. In July, Canadian marijuana giant Canopy Growth fired Linton as its co-CEO. A couple of months later, he re-emerged in varying roles with three cannabis companies in the United States and Canada.

Competition increasing for CBD producers seeking shelf space

With more than 1,000 CBD products on the market, it will be challenging for companies selling their wares in natural-food stores to provide consistent revenue growth and profits, according to Craigh Behnke, equity analyst for MJBizDaily’s Investor Intelligence.

To read more about this topic as well as analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our premium subscription service, Investor Intelligence.

New York police mistake Vermont hemp for marijuana

New York police seized what it believed to be 106 pounds of marijuana and arrested the buyer of the shipment. But Vermont-based Fox Holler Farms, which shipped the product, contends the product is legal hemp, not marijuana.

Illinois hands out three more adult-use marijuana licenses

Illinois awarded three more medical marijuana retailers licenses to sell recreational cannabis, including two in Chicago. There are now 14 medical marijuana dispensaries in Illinois that can sell recreational cannabis when legal sales begin Jan. 1, the Chicago Tribune reported.

Louisiana medical cannabis patients priced out of market

Some medical marijuana patients in Louisiana’s 3-month-old MMJ market are finding they can’t afford therapeutic cannabis, pricing them out of a market for which they have waited years.

– Associated Press

MA mayor facing marijuana corruption charges defeated

The Massachusetts mayor charged with extorting hundreds of thousands of dollars from marijuana companies was ousted in his attempt to retain his seat in the city’s election Tuesday. Incumbent mayor Jasiel Correia was overwhelmingly defeated by Paul Coogan.

– Associated Press

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