For marijuana retailers, it’s no secret: Customers like buying weed close to home, if they can. And new research into Canada’s regulated cannabis market supports that intuition.
Solomon Israel
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Canadian government to start testing legal, illegal marijuana
A new Canadian government initiative will see federal cannabis regulator Health Canada randomly buy and test legal cannabis products – as well as illegal marijuana sourced from law enforcement agencies – “for comparative analysis.”
Cannabis companies Aleafia, Red White & Bloom scrap merger
Canadian cannabis company Aleafia Health and U.S. multistate cannabis operator Red White & Bloom Brands have called off a proposed merger announced in June.
Cannabis operator Organigram posts CA$213.5M loss, frets over THC inflation
New Brunswick-based cannabis grower and manufacturer Organigram Holdings posted a net loss of 213.5 million Canadian dollars ($162.1 million) for its third quarter, driven by a CA$191.2 million impairment loss.
Facebook parent Meta updates hemp, CBD ad rules, but curbs remain
Social media giant Meta Platforms, the company behind Facebook and Instagram, updated its advertising policy for hemp and CBD products, although ads for CBD products remain heavily restricted.
Massachusetts totals record $151.8 million in monthly marijuana sales
Sales of legal marijuana in Massachusetts reached new heights in June, when combined recreational and medical cannabis transactions totaled $151.8 million.
Virginia governor ‘not interested’ in legalizing adult-use cannabis sales
The prospect of commercial cannabis sales in Virginia is officially off the table as long as Gov. Glenn Youngkin remains in power.
Colorado sees ‘worst 4/20 in five years’ amid slumping April cannabis sales
Colorado’s regulated cannabis industry suffered its “worst 4/20 in five years,” according to the Marijuana Industry Group, citing a roughly 14% decline in April marijuana sales from the same month last year.
Michigan wholesale marijuana prices stabilize for now after steep drop
Wholesale marijuana flower prices in Michigan have leveled off and ticked upward in recent months, offering cause for cautious optimism among producers who suffered as prices plummeted during the past few years.
Alabama’s medical marijuana licensing process paused as hearing delayed
Medical marijuana business licensing in Alabama remains on hold after a judge postponed a hearing related to lawsuits against the state’s MMJ regulatory agency over its scoring process.
Marijuana ancillary company Agrify consolidates Nasdaq-listed shares
Marijuana industry cultivation and extraction solutions company Agrify Corp. consolidated its shares on a 20-to-1 basis in order to maintain its equity listing on the Nasdaq stock exchange.
Minnesota distributor draws fine over ‘illegal’ THC products
Minnesota’s pharmacy board has disciplined a company for allegedly selling “illegal” cannabis products containing more than the permitted amount of THC.
