Marijuana cultivator Bright Green Corp. plans to file for Chapter 11 bankruptcy reorganization after reaching an agreement with major shareholder Lynn Stockwell, who will become the company’s new CEO and chair.

Marijuana cultivator Bright Green to file for bankruptcy protection is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

For a cannabis business, one potential risk of new product development is that state regulators will determine the new product does not comply with existing standards.

When can cannabis businesses challenge compliance standards?  is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian producer Aurora Cannabis has delivered its first flower product in Germany’s growing medical marijuana market.

Aurora delivers its first medical marijuana crop in Germany is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The Scotts Miracle-Gro Co. plans to spin off its cannabis unit, Hawthorne Gardening Co., into a stand-alone operation – a move company executives believe will make the entity “more valuable.”

Scotts Miracle-Gro to spin off cannabis arm Hawthorne into separate business is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Products in Ohio’s recreational marijuana market are showing signs of price contraction only five months after sales began.

Ohio recreational marijuana market already showing signs of price contraction is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

After South Dakota’s Election Day defeat of adult-use legalization, an emboldened lawmaker is moving to repeal the state’s medical cannabis law.

South Dakota lawmaker moves to repeal state’s medical cannabis law is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Colorado’s second-most-populated city will hold a special election in April to overturn a recreational marijuana legalization measure that voters approved in November.

Key Colorado city aims to overturn voter-approved recreational marijuana is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Business transformation expert Terry Mendez will become CEO of Safe Harbor Financial after Sundie Seefried retires from the cannabis financial services company in the next 30 days.

Sundie Seefried, CEO of Safe Harbor cannabis financial services firm, is retiring is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

An Illinois cannabis consumer has filed class action lawsuits against two marijuana companies, alleging they are selling products “with excessively high” amounts of THC in violation of state limits.

Cannabis vaporizers are actually edibles with THC, lawsuit claims is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

A budget crisis could make Pennsylvania the next state to legalize adult-use marijuana.

Pennsylvania budget crisis boosts state’s adult-use marijuana legalization chances is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs