Missouri plans to license an initial round of 48 cannabis microbusinesses, to be awarded via a lottery in October.
Solomon Israel
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Organigram takes Canadian government to court over cannabis lozenge dispute
Canadian marijuana operator Organigram Holdings is asking a federal court to quash a Health Canada decision that the company’s popular ingestible cannabis lozenges should be classified and regulated as edibles instead of extracts.
Twitter further eases US cannabis advertising rules, adds new markets
Twitter is further loosening its limits on cannabis industry advertising, letting vetted, state-legal businesses show packaged marijuana products in their marketing campaigns while allowing ads in new U.S. markets.
UK-based CBD brand Naturecan acquires Oregon production facility
United Kingdom-based CBD and wellness brand Naturecan acquired the IAH Oregon cannabidiol production facility in the U.S. for 8 million pounds (roughly $10 million).
Produce and marijuana operator Village Farms gets Nasdaq share price warning
Produce and marijuana company Village Farms International has been warned by the Nasdaq stock exchange about its low share price.
Canadian cannabis sales shrink 7.5% to CA$365.7 million in February
February sales of regulated recreational marijuana in Canada declined roughly 7.5% from January, totaling 365.7 million Canadian dollars ($270 million) for the month, according to new retail sales data released Friday by Statistics Canada.
As Canadian medical cannabis slump continues, survey says cost an issue
The high cost of medical cannabis poses major obstacles for Canadian patients, even as recreational marijuana prices remain low, a new survey of thousands of Canadians suggests
Schwazze buying Denver marijuana shop from Standing Akimbo for $10.5 million
Colorado-based cannabis company Schwazze signed a $10.5 million deal to acquire a Denver medical marijuana dispensary from Standing Akimbo.
Fire & Flower, Couche-Tard sign cannabis retail licensing deal for Canada, abroad
Canadian cannabis retailer Fire & Flower Holdings signed a master licensing agreement with key investor and strategic partner Alimentation Couche-Tard, the multinational gas station and convenience store giant that owns Circle K and more.
New Jersey marijuana regulators reject Curaleaf license renewals
The New Jersey Cannabis Regulatory Commission (CRC) voted not to renew state marijuana business licenses for Curaleaf Holdings, a move the multistate operator is vowing to fight.
Organigram CEO warns of unsustainably cheap cannabis, reports CA$7.5M quarterly loss
The CEO of Canadian producer Organigram Holdings is warning about heavily discounted marijuana in the nation’s recreational market, saying that ultra-low prices are “not sustainable and (hurt) the cannabis industry.”
Some WA marijuana operators put on pause over pesticide concerns
Washington state’s cannabis authority has put a handful of marijuana licensees on “administrative hold” as it investigates pesticide contamination in the soil of a specific area of Okanogan County.
