Israeli police told the operators of the cargo terminal at Ben Gurion Airport, the country’s main international airfield, to stop shipments of medical marijuana, The Israeli Cannabis Magazine reported.
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Health minister: Germany taking safety-first approach to marijuana legalization
The focus of Germany’s upcoming adult-use marijuana legalization will be safety and the protection of youth from negative health effects, according to Germany’s health minister.
Cannabis retailer High Tide awards employees inflation stipend
Canadian cannabis retailer High Tide is offering employees temporary pay bumps to improve staff retention and help front-line workers weather inflationary pressures, MJBizDaily has learned, as rising overall costs take a greater toll on businesses and consumers.
In Germany, big questions on recreational cannabis legalization still unanswered
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.
Cannabis producer Canopy swaps shares for $255 million of its debtÂ
Canadian cannabis producer Canopy Growth reached a deal with noteholders to trade 255.4 million Canadian dollars ($198 million) of debt for shares and cash, thereby reducing a substantial portion of its convertible debt set to mature next year.Â
Cannabis producer Tilray will cover travel costs for reproductive care in US
New York-headquartered cannabis producer Tilray Brands said it will cover travel and accommodation expenses, and provide paid time off, for its United States-based employees who need to travel out of state for reproductive health care.
Fitch downgrades Canopy Growth, citing cannabis market-share losses
Fitch Ratings downgraded Canadian cannabis producer Canopy Growth to CCC, the agency’s fifth-lowest rating, and warned of potential further negative actions.
Canadian cannabis producer Flowr cuts 40% of staff, sells assets to save cashÂ
Canadian cannabis producer The Flowr Corp. eliminated 40% of its workforce and sold a large parcel of land in a bid to save cash.
Switzerland set to launch regulated medical cannabis market
Switzerland’s seven-member Federal Council has presented Parliament with an amendment to the country’s Narcotics Act to remove the ban on medical cannabis, effectively opening the door to a wider addressable market.
22.2 million Europeans consumed cannabis in past year, report says
An estimated 22.2 million adults in the European Union, or 7.7% of the population, consumed cannabis in the past year, according to a report by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), which compiled research from dozens of surveys.
Canada’s adult-use cannabis sales rebound to record CA$372 million in April
Canadians bought a record 372.4 million Canadian dollars ($287 million) worth of regulated adult-use cannabis products in April, according to new data from the country’s statistics authority.
Aurora Cannabis cutting 12% of workforce in ‘reorganization’
Aurora Cannabis is cutting 12% of its global workforce as part of a corporate restructuring, the Edmonton, Alberta-based company confirmed in an email to MJBizDaily.
