Australia-based ECS Botanics Holdings reported profitable operations for the six months ended Dec. 31, 2023, on increased medical cannabis revenue.
Matt Lamers
Matt Lamers's Latest Posts
Canadian federal cannabis tax revenue outpaces beer, wine
Canada’s federal government collected more excise tax revenue from cannabis than it did from beer and wine for the first time last year.
Canada says cannabis wholesalers must garnish payments over unpaid taxes
Canada’s tax collection agency is following through on a threat to garnish cash from licensed cannabis producers that are delinquent on their excise duty payments, MJBizDaily has learned.
Germany’s ‘quasi legalization’ cannabis law approved; medical boost expected
Germany’s chief legislative body on Friday approved a landmark recreational cannabis bill that’s being simultaneously hailed as a generational milestone and “quasi legalization” because the new law stops short of implementing a framework for the distribution and retail sale of adult-use products.
Canada launches forum to discuss cannabis industry challenges
Canada’s federal government quietly announced the long-awaited creation of the Cannabis Industry Forum to help the struggling sector address key issues and opportunities – almost two years after first embarking on the initiative.
Aurora Cannabis appoints new chief financial officer, consolidates shares
Aurora Cannabis appointed Simona King, a veteran executive of multinational pharmaceutical company Bristol Myers Squibb, as chief financial officer.
Why isn’t Canada’s cannabis market thriving? These experts have some ideas
MJBizDaily asked six experts from across the country to answer the question: Why isn’t Canada’s cannabis market thriving? Here’s what they said …
British Columbia allows promotion of outdoor cannabis consumption areas
British Columbia is allowing certain license holders to promote outdoor cannabis consumption areas in a bid to improve hospitality and tourism business opportunities for the industry.
Ukraine’s Zelenskyy signs medical cannabis bill into law
Ukraine President Volodymyr Zelenskyy has signed the country’s medical cannabis legislation into law, setting the legal stage for the creation of Europe’s newest medical market.
Organigram eyes US opportunities, laments ‘THC inflation’ in quarterly loss
Canadian cannabis producer Organigram Holdings is eyeing international investment opportunities with its new war chest of capital, and the company will focus those efforts largely on the U.S. market, CEO Beena Goldenberg says.
Christina Lake Cannabis plans massive expansion of outdoor cultivation
Christina Lake Cannabis Corp. has acquired ownership of outdoor cultivation facilities in Midway, southern British Columbia, from an unidentified privately owned corporation for 3 million Canadian dollars ($2.2 million).
Thailand’s ‘wild East’ cannabis industry braces for regulatory earthquake
Thousands of cannabis businesses in Thailand are bracing for major legal and regulatory changes as the country looks to curb adult-use sales and pivot the industry back to a medicinal market.
