By Omar Sacirbey
Canada’s biggest medical marijuana producer, Canopy Growth in Smith Falls, Ontario, serves more than one third of the nation’s MMJ patients and generated 203 million Canadian dollars ($160 million) in revenue last year.
But the company also lost CA$16.7 million.
How? An aggressive expansion plan.
Massachusetts lawmakers finalized changes to the state's recreational marijuana law on Monday, essentially splitting the difference on their conflicting proposals on tax rates and whether voters or politicians can OK cannabis businesses. Highlights of the deal were...
Nevada's fledgling recreational marijuana market has led to significant cannabis price hikes that may be hurting the state's medical MJ industry. Medical marijuana prices "have almost doubled" in parts of Nevada, raising concerns that unaffordable medical cannabis may...
PNC has closed the bank account of another cannabis advocacy group, again underscoring that even non-plant-touching marijuana organizations can be shut out by financial institutions. One of the nation's largest financial services companies, Pittsburgh-based PNC...
By Omar Sacirbey and John Schroyer Nevada works to avert a recreational marijuana supply shortage, New Hampshire adds chronic pain and PTSD to its medical cannabis qualifying conditions, and Maryland reorganizes its MMJ commission. Here’s a closer look at some notable...
A Utah agricultural board has given preliminary approval to a change in government rules that would allow farmers in the state to cultivate industrial hemp for research purposes. Under the Utah Department of Food and Agriculture's proposed rule, farmers would be...
In a deal combining two Oregon marijuana businesses, Golden Leaf Holdings has signed an agreement to acquire Chalice Farms, a vertically integrated company that operates four medical and adult-use retail outlets.
New Hampshire has added chronic pain and post-traumatic stress disorder (PTSD) to the list of qualifying conditions for the state's medical marijuana program, a move that could significantly boost the state's struggling MMJ industry. New Hampshire's governor...
Glen Ibbott, chief financial officer of Aurora Cannabis, discusses IPOs, Canadian cannabis M&As and being a part of history.
Harvest, a multistate medical marijuana company based in Tempe, Arizona, has merged with Modern Flower of Guadalupe to create what Harvest said is the largest MMJ operator in the state. The deal is the latest in what is expected to be a period of heavy M&A...
Higher-than-expected recreational marijuana sales have prompted Nevada officials to consider adopting an emergency regulation that could alleviate a supply shortage that has hit the state since its adult-use law went into effect July 1. A "statement of emergency"...
Facebook has deleted or taken down several pages belonging to Alaska marijuana retailers, making cannabis businesses in the state the latest to be hit by the tech giant’s occasional displays of cannaphobia.
