Three unlicensed cannabis cultivation sites in Turlock were among several raided across California during a coordinated enforcement effort led by the Department of Cannabis Control on June 26, officials said. The operations — two outdoor grows and one indoor cultivation site — were part of seven statewide warrants served in Stanislaus, Orange, and Los Angeles...

A leading American cannabis company has announced that it will cease all operations in Michigan due to challenging market conditions. TerrAscend Corp. said it will close 20 dispensaries and four cultivation and processing facilities in the state, while eliminating more than 230 jobs, according to a statement released last week and a notice filed with...

CNBC's Julia Boorstin sits down with Snap CEO Evan Spiegel to discuss his ad market outlook, what's next for the social media company, the role of AI and more.