Canada’s legal cannabis industry is not getting any excise-tax relief from the Liberal government’s 2024 budget.
Solomon Israel
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Canopy stockholders OK share structure for US marijuana holding company
Shareholders of Canadian cannabis company Canopy Growth Corp. have voted in favor of a new exchangeable share structure meant to enable Canopy’s planned entry into the American marijuana market via a U.S.-domiciled holding company, Canopy USA.
Canada’s cannabis industry prays for tax reform in federal budget
Canada’s Liberal government unveils its 2024 budget on Tuesday, and the country’s cannabis industry wants one thing above all: relief from a heavy excise-tax burden.
Oregon extends moratorium on new marijuana business licenses
Oregon Gov. Tina Kotek has signed into law House Bill 4121, extending the state’s moratorium on new marijuana business licenses.
California recalls Mike Tyson-brand cannabis flower containing mold
California has issued a mandatory recall for cannabis flower branded by celebrity boxer Mike Tyson, citing contamination by aspergillus mold.
Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it
Marijuana company Village Farms International is back in compliance with Nasdaq rules; Weedmaps parent company WM Technology is noncompliant.
Surrey, British Columbia, moves to allow legal cannabis retail
Surrey, the second-biggest city in the Canadian province of British Columbia, will allow legal cannabis stores after unanimous Council approval.
Cannabis operator Tilray lowers 2024 expectations, eyes Canada tax savings
Canadian cannabis and beverage alcohol company Tilray Brands has lowered its financial guidance, reducing expectations for investors in its third-quarter earnings announcement.
Ontario regulator fines Cannabis Xpress, alleges pay-to-play
Ontario’s cannabis retail regulator, the Alcohol and Gaming Commission of Ontario (AGCO), fined Cannabis Xpress 200,000 Canadian dollars ($147,000) for allegedly violating the province’s anti-inducement law for cannabis retailers.
Decibel Cannabis’ former CEO Sze takes helm again
Canadian marijuana grower and manufacturer Decibel Cannabis Co. has appointed Benjamin Sze as CEO once again.
District of Columbia extends 4/20 medical marijuana tax holiday
Washington, D.C., lawmakers have voted to extend the length of a tax holiday on medical marijuana purchases surrounding 4/20.
Missouri high court strips medical cannabis license from applicant
The Missouri Supreme Court reversed an appeals court decision that said Mo Cann Do should be granted a medical cannabis license.
