PAYMENT BATTLE HEATS UP Weedmaps parent to launch online cannabis purchasing in Canada WM Technology, which operates Weedmaps, is launching an “integrated digital payment service” for cannabis retailers in Ontario, per MJBizDaily.
GET BUSY BUYING Billionaire investor calls out GTI’s insider buying deficiency During the Green Thumb Industries first-quarter analyst call last Wednesday, billionaire investor Leon Cooperman demanded to know why he sees “pages” of insider selling on Bloomberg—but no insider buying, per BNN Bloomberg.
SOTG – IYKYK Star Buds makes history as the first cannabis logo on a pro-sports team uniform Owned and operated by Schwazze, Star Buds Dispensary is now an official sponsor of the Colorado Summit professional ultimate disc team and will earn a spot on the team’s jerseys, according to a press release.
HEAD FOR THE (IL) BORDER The Illinois market is heating up, thanks to out-of-state shoppers Illinois cannabis sales were up 14.6% in April from the same time last year, per Cannabis Business Times.
WRONGFUL, INDEED US government classifies Brittney Griner as ‘wrongfully detained’ The American government’s approach to aiding WNBA star Brittney Griner, who is detained in Russia, will likely change now that it has reclassified her as “wrongfully detained,” per ESPN.
PLANTING THE SEED New York cultivators get planting Fifty-two cultivators in New York state have been licensed to grow cannabis and “are literally planting the seeds for a new frontier,” per Spectrum Local News.
RECOVERY POSSIBLE? Can cannabis stocks recover despite the slow pace of federal reform?
The Canada Cannabis Spot Index was assessed at C$5.16 per gram this week, up 0.6% from last week’s C$5.13 per gram.
BofC Live is a podcast from Business of Cannabis. Delivering cannabis news and exploring the companies, brands, people, and trends driving the cannabis industry.
