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IM Cannabis weighs European sale to slash debt by C$10.5M

ByPot Shop News

June 18, 2026

[#item_full_content] Letter of intent is non-binding and still needs a definitive agreement, approvals and clearances. IMC would retain Israeli operations.  Read More  

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IM Cannabis Corp. Enters into Letter of Intent to Sell its European Activities, Expects to Significantly Reduce Debt by CAD$10.5 million
Council passes cannabis tax revenue to nonprofits for another year, plan to find new funding sources

ByPot Shop News

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  • Why the industry needs to defend federal marijuana...
    by Margaret Jackson on June 18, 2026

    ATACH president Michael Bronstein has filed to join the June 29 DEA hearing, leading the push to reschedule adult-use cannabis.

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    by Tom Angell on June 18, 2026

    SC GOP gov candidates on medical marijuana; Study: Legal medical cannabis reduces worker absences; IL market concentration report Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Free […]

  • Sacramento expands cannabis dispensary buffer zones to...
    by Esteban Reynoso on June 18, 2026

    Sacramento has updated its zoning laws for marijuana dispensaries, adding churches to the list of locations requiring a 600-foot buffer zone while allowing dispensaries in new areas.

  • Marysville City Council votes to revise cannabis dispensary...
    by Ron Edens on June 18, 2026

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  • Legalizing cannabis increases use and addiction, unless it...
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    Medical cannabis rescheduling helped one marijuana MSO to achieve a major milestone, but others may not be able to immediately follow.

  • How a rogue cannabis farm operated in plain sight — and...
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  • Forest Lake mayor opens city's first cannabis dispensary in...
    by Tony Peterson on June 17, 2026
  • Missoula extends pause on new marijuana dispensary licenses
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    Missoula, Mont. — Missoula leaders extended a pause on new marijuana dispensary licenses, keeping the moratorium in place through the summer of 2027.

  • Mayor of Forest Lake opens city's first cannabis dispensary
    by CBS Minnesota on June 16, 2026
  • Bristol cannabis dispensary reacts to proposed Virginia...
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  • Va. governor, lawmakers reach agreement on retail cannabis...
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  • Federal Marijuana Rescheduling 'Does Not Appear To Apply'...
    by Tom Angell on June 16, 2026

    Marijuana regulators in Washington say that the Trump administration’s move to reschedule cannabis on the federal level “does not appear to apply” to businesses in the state. The U.S. Department of Justice in April issued an order that immediately reclassified state-licensed medical cannabis, as well as marijuana products approved by the Food and Drug […]

  • Spanberger, legislators announce agreement on legal...
    by Elizabeth Beyer on June 16, 2026

    The plan calls for legal sales to start in July 2027.

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  • LIVE: Spanberger, state lawmakers address cannabis market...
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    Lawmakers are announcing "specifics on the compromise to establish a safe, transparent, and well-regulated retail cannabis market through the budget process."

  • Texas' confusing legal weed market, explained
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    Regulatory crackdowns are threatening the future of the state's multibillion-dollar hemp industry.

  • Feds add new cannabis components to research library...
    by Tom Angell on June 16, 2026

    New congressional bill to keep hemp THC drinks legal; CA GOP senator: Repeal marijuana legalization; Study: Sleep & cannabis about more than THC Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana […]

  • What Kansas City World Cup visitors need to know about our...
    by David Craig on June 16, 2026

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  • Cannabis Industry Attorney Concedes D.C. Circuit Challenge...
    by The Globe and Mail on June 16, 2026

    ACCESS Newswire Press Release.

  • Layoffs, lost sales & stalled growth: The toll of Ohio’s...
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  • North Jersey town sued over denying support for proposed...
    by Philip DeVencentis on June 16, 2026

    This Budz 4 U filed a complaint in state court in Paterson, asking a judge to reinstate the Borough Council's resolution of support.

  • Federal Judge Grants 10 Hemp Companies TRO in Ohio
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    The temporary restraining order allows the hemp beverage businesses to conduct activities compliant with federal laws for at least 14 days.

  • California GOP Senator Suggests Putting Marijuana Back On...
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  • Los Angeles Votes to Raise Taxes on Unlicensed Cannabis...
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  • Gov. JB Pritzker signs hemp regulations into law, settling...
    by https://chicago.suntimes.com/authors/mitchell-armentrout on June 15, 2026

    With a federal ban looming, the unregulated industry will soon face the same requirements as cannabis dispensaries, leaving hundreds of businesses in the balance.

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