A subcommittee in Spain’s Congress of Deputies approved a draft bill to regulate some medical cannabis sales in the country, sending the proposal to the Health Commission for another key vote this week.
Toronto-headquartered cannabis company Flowr Corp. is slashing its workforce and pulling out of noncore markets – including Australia, Uruguay and Spain – as part of a strategic review intended to put the business on firmer financial footing.
Spain has several medical cannabis licensed producers, and at least one already exports flower to countries such as Germany.
Major marijuana multistate operator Curaleaf Holdings posted $345.3 million in net revenue for the fourth quarter of 2023, an increase of 1.5% over the same quarter the year before and 3.6% over the third quarter.
THC potency – the higher, the better – is still the most important factor to consumers shopping for marijuana products, cannabis operators say, but secondary factors also are driving genetics trends at cultivation facilities across the United States.
Portugal exported 5,438 kilograms (roughly 12,000 pounds) of medical cannabis in the first half of this year, according to the latest figures published by the country’s health authority, Infarmed.
Cookies CEO Berner talks about the marijuana industry as well as how he built his brand for cannabis products and clothing line.
Canadian marijuana cultivator The Flowr Corp. received an initial creditor protection order from a Canadian court as the Toronto-based company tries to conduct a sale and solicitation process and exit creditor protection “as a going concern.”
The largest CBD companies in the U.S. experienced declining market share in the second quarter, as the return of in-person shopping triggered a decline in e-commerce sales.
Market share by revenue for the top 20 CBD brands shrank 2 percentage points, to 16%, versus the first quarter of the year, according to Chicago-based cannabis analytics firm Brightfield Group.
Flowr Corp. is the latest Canadian cannabis company to sell off an unneeded facility, closing the sale of its Flowr Forest facility in British Columbia for aggregate proceeds of 3.4 million Canadian dollars ($2.6 million) — significantly less than what it invested in the outdoor and greenhouse cultivation site.
Germany is forging ahead with plans to establish Europe’s first national recreational cannabis market, but details about the rules that will govern the industry remain scarce.
Canadian cannabis producer The Flowr Corp. eliminated 40% of its workforce and sold a large parcel of land in a bid to save cash.
