Canada-based global marijuana company Atlas Global Brands signed an “exclusive international licensing agreement” with hip-hop artist Calvin Broadus Jr., better known as Snoop Dogg.
Solomon Israel
Solomon Israel's Latest Posts
Cannabis lender Chicago Atlantic extends credit facility by one year
Cannabis real estate financing company Chicago Atlantic Real Estate Finance extended its $92.5 million secured revolving credit facility by an additional year.
Utah medical marijuana sales up nearly 60% to $118.7 million in 2022
Medical cannabis sales in Utah increased by 59% between 2021 and 2022, according to data published by the Utah Department of Health & Human Services’ Center for Medical Cannabis.
Mendocino growers ask California to address county’s cannabis licensing
A trade association representing cannabis growers in California’s Mendocino County has asked the state government for an “urgent intervention” in the county’s licensing process, citing concerns that many farmers’ license applications won’t be processed by a July 1, 2023, deadline.
Canadian adult-use cannabis sales jump nearly 18% in 2022, hitting CA$4.5 billion
Canada’s cannabis consumers spent 4.52 billion Canadian dollars ($3.35 billion) on regulated adult-use products in 2022, growing 17.9% over 2021’s sales total, according to new retail sales data released Tuesday by Statistics Canada.
Ontario Cannabis Store plans to overhaul wholesale markups
The Ontario Cannabis Store (OCS) says it is reforming markups on wholesale marijuana at the expense of its own margins in a move meant “to help enable a vibrant cannabis marketplace.”
Twitter’s ad move marks notable shift in US cannabis marketing
Twitter’s new policy change permitting advertising and marketing by state-legal cannabis companies is a step forward for the sector and could nudge other digital advertising platforms to rethink their prohibitions on cannabis promotions, industry insiders say.
Israeli cannabis company InterCure files lawsuit over nixed acquisition
Israeli medical cannabis producer InterCure said it is suing Cann Pharmaceuticals, which does business as Better, over a failed merger.
Ready-to-use, pre-ground cannabis gains popularity in Canada
Growth in the ground-cannabis segment appears to be propelled by convenience-seeking, value-conscious consumers, although the Canadian trend hasn’t reached U.S. cannabis markets.
Canadian cannabis company Aleafia Health reports job cuts in latest quarter
Ontario, Canada-headquartered cannabis company Aleafia Health said it cut its “full-time equivalent” staff head count by 20% during the quarter ended Dec. 31 as part of a push to reduce expenses.
Colorado reports 2022 marijuana sales down more than 20% from 2021
Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state’s medical and recreational sales total for the year to almost $1.8 billion – a significant drop from 2021’s record high.
Colorado launches energy-efficiency program for cannabis cultivators
Colorado is offering “free technical assistance and access to financing for cannabis cultivators” as part of a program to boost energy efficiency.
