Georgia lawmakers voted down a medical cannabis bill that would have created more MMJ business opportunities in the state and regulated delta-8 THC products.
Solomon Israel
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New Mexico legal adult-use marijuana sales exceed $300 million in first year
New Mexico’s regulated adult-use marijuana market turned 1 year old on April 1, with first-year recreational sales totaling nearly $301 million.
Canadian cannabis companies SNDL, Nova to amend complex retail deal
Canadian cannabis producer SNDL and retail operator Nova Cannabis are amending a previously announced deal in which SNDL will transfer stores to Nova and return shares to the retail company for cancellation, among other things.
Oregon marijuana cultivators cope with price slump amid boom-bust cycle
Oregon marijuana cultivators have been suffering through another wholesale price slump as supply outstrips demand, a now-familiar pattern for the state’s mature adult-use market.
Cannabis vape hardware firm Greentank raises $16.5 million
Vape hardware manufacturer Greentank Technologies closed a Series B financing round worth $16.5 million with an unspecified “strategic investor group” that includes Canadian cannabis producer Organigram Holdings.
Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility
Marijuana industry finance company Sweet Leaf Madison Capital closed a $100 million debt facility, which could be increased to $200 million.
Canadian marijuana retail chain Nova reports reduced net loss for 2022
Nova Cannabis, the Canadian marijuana retailer behind the Value Buds discount chain, reported a net loss of 11.2 million Canadian dollars ($8.2 million) for its 2022 fiscal year, an improvement from a $20.6 million net loss in 2021.
Major Canadian pharmacy Shoppers Drug Mart exits medical cannabis
Major Canadian pharmacy chain Shoppers Drug Mart is offloading its 4-year-old medical cannabis distribution business to another company, marking its exit from the marijuana industry.
Canada consulting on possible amendments to Cannabis Regulations
Canada’s federal government is launching a consultation that could lead to amendments to the country’s Cannabis Regulations, which govern the production of legal marijuana.
Canada adult-use marijuana sales down 7.1% monthly to CA$395.5M in January
Monthly retail sales of legal adult-use marijuana in Canada declined by 7.1% from December 2022 to January 2023, to 395.5 million Canadian dollars ($287 million).
Metrc expands Maryland track-and-trace contract to adult-use marijuana market
Cannabis seed-to-sale software company Metrc expanded its contract with the Maryland government to track the state’s upcoming adult-use marijuana market.
Cocaine announcement by marijuana company Adastra leads to lawsuit
Canada-based Adastra Holdings faces a proposed class action lawsuit from a shareholder who alleges the cannabis company made “misleading statements about (its) ability to legally sell cocaine.”
