Business

Federal Court Rules Against Mandatory Insurance Coverage for Medical Cannabis in New Mexico

On April 23, 2025, a U.S. District Court judge dismissed a class-action lawsuit filed by a group of patients and a New Mexico medical cannabis provider. The plaintiffs sought to compel insurers to reimburse costs associated with medical cannabis treatments for conditions such as post-traumatic stress disorder and autism. The lawsuit argued that New Mexico's Behavioral Health Services Act and related insurance statutes should mandate coverage for medical marijuana. However, ...

April 26, 2025|0 Comments

Tariffs on Chinese Imports Drive Up Costs for U.S. Cannabis Industry

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California Cannabis Giant Gold Flora Collapses Amid Mounting Debt and Legal Disputes

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Massachusetts Marijuana Prices Plunge, Forcing Cannabis Businesses to Close Despite Record Sales

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Missouri Gov Signs Marijuana Banking Bill Into Law

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Business is booming in the cannabis space! In 2020, the licensed industry reached $18 billion in sales, with a 33% growth from the previous year. From stocks to follow and brands to watch to banking solutions on the horizon—we’ve got the latest on new growth in the industry with all the latest cannabis business news.