TerrAscend Corp. has scheduled a special meeting of shareholders as the company prepares for a potential uplisting to a major U.S. stock exchange. The company announced today that it has filed notice to hold the special meeting on August 24, with shareholders set to vote on a proposed consolidation of TerrAscend’s common shares. The record …
Category: News
Latest cannabis news covering legalization, legislation, court rulings, business developments, research, sales data, regulatory updates and policy changes across the U.S.
Federal Hemp Regulation Bill Gains New Bipartisan Support, Now Has Eight Sponsors
A federal bill that would create a national regulatory framework for cannabinoid hemp products has gained new support in the U.S. House. The Hemp Enforcement, Modernization, and Protection Act, filed as House Resolution 7212, now has eight total sponsors, including the primary sponsor and seven cosponsors. The measure is sponsored by U.S. Representative Morgan Griffith …
Rhode Island Senate Passes Cannabis Licensing Bill 34 to 3
The Rhode Island Senate has approved legislation to restart parts of the state’s cannabis retail licensing process, passing the measure today in a 34 to 3 vote. Senate Bill 3313 would amend the Rhode Island Cannabis Act by revising provisions related to residency terminology, the definition of an applicant, social equity certification and cannabis retail …
Trulieve to Become First U.S. Marijuana Company Listed on Major U.S. Stock Exchange
Trulieve Cannabis Corp. announced today that its subordinate voting shares have been approved for listing on the New York Stock Exchange, making it the first U.S. marijuana company to list on a major U.S. exchange. The company said its shares are expected to begin trading on the NYSE under the ticker symbol TRLV at the …
Idaho Legislative Council Approves Ballot Language for Amendment Giving Legislature Sole Power to Legalize Marijuana
Idaho voters will decide this November whether to amend the state constitution to prevent marijuana legalization from being enacted through the citizen initiative process. The Idaho Legislature’s Legislative Council today approved ballot language for House Joint Resolution 4, a proposed constitutional amendment that would give only the Legislature the authority to legalize marijuana, narcotics or …
Florida Medical Cannabis Sales Hit Record $188.7 Million in May, Near $850 Million in 2026
Florida’s medical marijuana market set a new monthly sales record in May, marking the second consecutive month that dispensaries have reached a new high. Licensed medical marijuana dispensaries generated $188,685,727 in sales in May, according to data from the research firm Headset. That tops the previous record of $179,708,279 set in April by nearly $9 …
New York Senate Passes Bill to Restrict Drug and Marijuana Testing of Pregnant Patients and Newborns
The New York Senate has approved legislation that would restrict when healthcare providers may conduct drug, marijuana or alcohol testing on pregnant and postpartum patients, as well as newborns. Senate Bill 845, sponsored by State Senator Julia Salazar (D), passed the full Senate today and was delivered to the Assembly for consideration. The bill, titled …
New York Senate Confirms John Kagia as Executive Director of Office of Cannabis Management
The New York State Senate has confirmed John Kagia as executive director of the Office of Cannabis Management, giving the agency permanent leadership as the state’s legal marijuana market continues to expand. The confirmation, announced June 4, comes as New York’s marijuana market has reached more than $3.2 billion in legal sales. According to OCM, …
New York Cannabis Labor Peace Replacement Bill Passes Assembly Ways and Means Committee
A New York proposal that would remove marijuana labor peace agreement requirements from state licensing laws and replace them with new pay reporting rules and a Cannabis Industry Wage Board has advanced in the Assembly. Assembly Bill 11562, filed by Assemblymember Harry Bronson (D), was approved by the Assembly Ways and Means Committee on June …
Trulieve Restructures Business in Move Tied to NYSE Listing Application
Trulieve Cannabis Corp. has entered into a series of agreements to separate its mixed-use marijuana business from its medical marijuana business, a move the company says is intended to allow it to apply to list its subordinate voting shares on the New York Stock Exchange. In a Form 8-K filed with the U.S. Securities and …
