Cannabis Industry News

The new company will focus on nutraceuticals after its recent acquisition. The post BevCanna changes name as it says goodbye to cannabis appeared first on Green Market Report.... Read more

4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according to new analysis of 16 publicly traded cannabis companies, that expectation is far from... Read more

"Recreational marijuana taxation is one of the hottest policy issues in the U.S." The post Report: States struggle to balance revenue, risks around cannabis taxation appeared first on Green Market Report.... Read more

News from: California hemp, Flora Growth, Missouri, Maine and more. The post The Daily Hit: October 14, 2024 appeared first on Green Market Report.... Read more

The agreement allows Australian Vaporizers to distribute Canopy's Storz & Bickel vaporizers throughout the country. The post Flora Growth to distribute Storz & Bickel medical vaporizers in Australia appeared first on Green Market Report.... Read more

LONDON — Hugues Péribère, CEO of Overseed, has been named CEO of the Year in Europe’s Biopharmaceutical Industry in the 2024 Business Worldwide CEO Awards. The awards recognise outstanding leaders across […]... Read more

Header Image: Superior Court Judge Stephen I. Goorvitch   Marijuana Moment An industry effort to halt California’s enforcement of new emergency regulations banning consumable hemp products fell short on Friday, with a state judge denying a request for a temporary restraining order. The court said that petitioners—including the trade group... Read more

Well spotted by Lex Pelger You can read all his other amazing discoveries here. https://www.cannabinoidsandthepeople.whitewhalecreations.com/ Cannabis in Uruguay Rosario Queirolo, Eliana Álvarez , and Belén Sotto https://doi.org/10.1093/acrefore/9780199366439.013.1101 Published online: 18 September 2024 Summary In 2013, Uruguay became the first country in the world to legalize the entire cannabis market, from production to distribution and... Read more

The September decline follows a strong summer for Connecticut's cannabis market. The post Connecticut cannabis sales slide in September appeared first on Green Market Report.... Read more

Regulators cited contamination concerns at a string of licensed adult-use retail stores. The post Maine issues second cannabis recall for mold, yeast issues appeared first on Green Market Report.... Read more

LONDON — Hugues Péribère, CEO of Overseed, has been named CEO of the Year in Europe’s Biopharmaceutical Industry in the 2024 Business Worldwide CEO Awards. The awards recognise outstanding leaders across […]... Read more

DETROIT — In recognition of Breast Cancer Awareness Month, this October House of Dank (H.O.D.), Michigan’s leading cannabis retailer, is excited to announce their third annual fundraiser for the Dianna Rasha […]... Read more

SMITHS FALLS, ON – Canopy USA LLC has completed its acquisition of Wana Brands, including Wana Wellness LLC, The CIMA Group LLC, and Mountain High Products LLC. Canopy USA now owns 100% of […]... Read more

MEDFORD, Ore. – Grown Rogue International Inc., a craft cannabis company born from the amazing terroir of Oregon’s Rogue Valley, terminated its advisory agreement with Vireo Growth Inc. (formerly Goodness Growth Holdings, […]... Read more

VEENDAM, Netherlands — Bedrocan International, an experienced producer of pharmaceutical-grade medicinal cannabis, is returning to the Canadian medicinal cannabis market. The company purchased a facility in Scarborough, the former home of […]... Read more

LITTLE ROCK, Ark. — Dark Horse Cannabis, a leading manufacturer of edibles, concentrates, and other various cannabis products, acquired Green Light Dispensary in West Helena, Arkansas. The store will be transitioned […]... Read more

CHICAGO — Cannect Wellness, one of Illinois’ fastest-growing craft cannabis companies, completed of its second round of funding, securing $7 million in fresh capital. This latest round brings the company’s total […]... Read more

Cannabis retailers face a difficult set of challenges, particularly when it comes to an area most other sectors take for granted: payment processing. As dispensaries strive to operate efficiently and […]... Read more

The cannabis industry is growing and changing at an unprecedented pace, creating immense profit potential and putting a spotlight on the array of risks for those in the arena. Companies […]... Read more

COSTA MESA, Calif. – The Court of Chancery of the State of Delaware has granted an order for sanctions brought against Gold Flora Corporation by the former directors of Left Coast Ventures (“LCV”), […]... Read more

Switzerland's government is one step closer to its yearslong effort to launch a trial program involving the sale and consumption of recreational cannabis. Switzerland nears launch of recreational cannabis trial is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs... Read more

Potency testing on store-bought cannabis flower by a Canadian laboratory has found THC levels significantly lower than the labeled value, sparking an industrywide conversation about how to address inaccurate THC claims. Canadian cannabis industry reckons with inflated THC label claims is a post from: MJBizDaily: Financial, Legal & Cannabusiness news... Read more

In an industry that once had an unusually high percentage of female CEOs, the marijuana sector now has fewer women in leadership positions than the U.S. average. Opinion: 5 steps to close the marijuana industry’s C-suite gender gap is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis... Read more

Cannabis producer Hexo reported a lower loss for the quarter ended Jan. 31, 2023, but the Gatineau, Quebec-based company’s sales took a nosedive, according to its quarterly report. Cannabis producer Hexo trims loss, but sales plummet is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs... Read more

Marijuana e-commerce platform Leafly Holdings this week laid off another 40 employees, or 21% of its workforce, a day before reporting its full-year and fourth-quarter financial results. Marijuana tech firm Leafly lays off 40 workers as annual revenue rises 10% is a post from: MJBizDaily: Financial, Legal & Cannabusiness news... Read more

Any disruption to the economy - particularly when it involves banks - is disconcerting and potentially impactful to the cannabis industry. Opinion: What the demise of Silicon Valley Bank means – and does not mean – for marijuana finance is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for... Read more

The largest provincial business advocacy body in Canada is calling on the Ontario government to allow cannabis consumption establishments as part of efforts to modernize and champion the sector. Ontario Chamber of Commerce calls on province to allow cannabis lounges is a post from: MJBizDaily: Financial, Legal & Cannabusiness news... Read more

Longtime cannabis industry executive Kris Krane is rejoining 4Front Ventures, the multistate marijuana company he co-founded, as a member of the board of directors. Kris Krane returns to marijuana MSO 4Front Ventures with board seat is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs... Read more

Jupiter Research, a marijuana vape cartridge subsidiary of Phoenix-based Tilt Holdings, refinanced and extended its revolving credit facility. Tilt Holdings marijuana vape subsidiary Jupiter Research refinances debt is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs... Read more

Health Canada has asked five companies to stop distribution and sale of noncompliant cannabis edibles products by the end of May and provincial wholesalers have been notified of the ongoing crackdown after months of confusion, MJBizDaily has learned. 5 Canadian cannabis producers face May deadline in ‘extracts/edibles’ conflict is a... Read more

The new company will focus on nutraceuticals after its recent acquisition. The post BevCanna changes name as it says goodbye to cannabis appeared first on Green Market Report.... Read more

4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according to new analysis of 16 publicly traded cannabis companies, that expectation is far from... Read more

"Recreational marijuana taxation is one of the hottest policy issues in the U.S." The post Report: States struggle to balance revenue, risks around cannabis taxation appeared first on Green Market Report.... Read more

News from: California hemp, Flora Growth, Missouri, Maine and more. The post The Daily Hit: October 14, 2024 appeared first on Green Market Report.... Read more

The agreement allows Australian Vaporizers to distribute Canopy's Storz & Bickel vaporizers throughout the country. The post Flora Growth to distribute Storz & Bickel medical vaporizers in Australia appeared first on Green Market Report.... Read more

The September decline follows a strong summer for Connecticut's cannabis market. The post Connecticut cannabis sales slide in September appeared first on Green Market Report.... Read more

Regulators cited contamination concerns at a string of licensed adult-use retail stores. The post Maine issues second cannabis recall for mold, yeast issues appeared first on Green Market Report.... Read more

Pre-rolls are some of the hottest products in cannabis and will only get bigger in the future. The post By the Numbers: The state of the pre-roll industry appeared first on Green Market Report.... Read more

Company leaders indicated that diversification will continue to be key to its eventual profitability. The post Tilray leaders eyes global expansion despite recent losses appeared first on Green Market Report.... Read more

The bankruptcy filing follows the launch of receivership proceedings in the U.S. by one of its primary lenders. The post StateHouse files for bankruptcy in Canada, officially enters US receivership appeared first on Green Market Report.... Read more

Header Image: Superior Court Judge Stephen I. Goorvitch   Marijuana Moment An industry effort to halt California’s enforcement of new emergency regulations banning consumable hemp products fell short on Friday, with a state judge denying a request for a temporary restraining order. The court said that petitioners—including the trade group... Read more

Well spotted by Lex Pelger You can read all his other amazing discoveries here. https://www.cannabinoidsandthepeople.whitewhalecreations.com/ Cannabis in Uruguay Rosario Queirolo, Eliana Álvarez , and Belén Sotto https://doi.org/10.1093/acrefore/9780199366439.013.1101 Published online: 18 September 2024 Summary In 2013, Uruguay became the first country in the world to legalize the entire cannabis market, from production to distribution and... Read more

I support the recent ruling by the Arizona Court of Appeals, but I fear its unintended consequences. While the decision rightly acknowledges that THC can linger in the bloodstream long after impairment has passed, the ruling may lead to a dangerous misconception: that it’s safe to drive after using marijuana.... Read more

Header Image:The Hon. Andrew M. Jacobs Source:  Marijuana Moment & Arizona Mirror “This reinforces our understanding of the voters’ intent, expressed through their enactment of Proposition 207, that unimpaired driving after consuming marijuana cannot be penalized.” By Jim Small, Arizona Mirror The state can’t suspend someone’s driver’s license because they... Read more

Bloomberg.. A former Stiiizy Inc. employee said the cannabis company’s policy of paying hourly employees per trimmed marijuana plant often results in a rate below minimum wage, according to a lawsuit filed in California state court. Worker Christian Segura said Stiiizy paid him $2.50 per cannabis plant he took care... Read more

The NY OCM’s latest staff changes include OCM Chief Equity Officer Update: OCM’s Chief Equity Officer, Damian Fagon, has announced his resignation from the agency, effective November 27, 2024. This announcement comes after conclusion of the NYS Inspector General investigation, which resulted in a determination that the allegations at issue for... Read more

Source: The German Cannabis Business Association   09/25/2024 | The Regional Court of Frankfurt am Main has prohibited a limited liability company that described itself as “Germany’s leading platform for therapy with medical cannabis” from cooperating with doctors, according to the Hesse Medical Association. The GmbH had concluded contracts with doctors who undertook... Read more

  09/23/2024 | The commercial law firm Oppenhoff is strengthening its healthcare and M&A practice with Franziska Katterbach as a new partner at its Frankfurt office. Katterbach will join Oppenhoff on October 1, 2024 from Khiron Life Sciences, a medical cannabis company, reports Legal Tribune Online. She was previously Managing Director for Khiron’s European business and... Read more

Marijuana Moment Just one day after Arkansas’s top elections official deemed that a medical marijuana legalization expansion initiative has “insufficient” signatures, the campaign behind that reform proposal has filed a lawsuit with the state Supreme Court contesting that determination. Last month, Arkansans for Patient Access (APA) turned in a final batch of... Read more

For anyone who couldn’t attend last Wednesday’s webinar on cannabis receiverships, we are pleased to present the replay video below. It’s also hosted on YouTube, here. This webinar covered a lot of ground, and it was certainly timely. The following afternoon, reporting broke that Harborside, one of the biggest names... Read more