Two more recreational marijuana licenses awarded in Michigan
Michigan issued two more licenses for adult-use cannabis sales and both of them are expected to open when recreational MJ becomes legal on Dec. 1. State officials are predicting about a dozen businesses to be licensed by the new year, according to MLive.com.
Nevada cannabis company Planet 13 posts a 241% jump in earnings
Planet 13 Holdings, a Las Vegas-based marijuana firm, reported $16.7 million in third quarter revenue, compared with $4.9 million during the same period last year, a 241.3% increase. Losses, however, about doubled to $1.6 million in the quarter ending on Sept. 30, compared with $806,086 during the same period in 2018.