Chicago-based multistate marijuana operator Green Thumb Industries (GTI) is being sued over its “Incredibles” cannabis edibles brand by Edible Arrangements, a franchisor of stores that sell bouquet-shaped fruit baskets.
Solomon Israel
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Cannabis NB posts CA$3.3M quarterly profit as privatization review continues
Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, posted a third consecutive positive quarter, this time with a profit of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a...
Ayr Strategies moves into Ohio medical cannabis market, boosts PA presence
Ayr Strategies announced deals worth $39 million that will allow the multistate marijuana operator to enter a new market, Ohio, and expand its presence in Pennsylvania. The company's two transactions in Ohio are worth a total of $18.2 million...
Ontario government cannabis prices beating illicit market, report says
Ontario's government-operated Ontario Cannabis Store (OCS) claims it is undercutting illicit marijuana prices with an average price of 7.05 Canadian dollars ($5.30) per gram of dried flower, taxes included, during its first fiscal quarter. In...
Canadian court rejects cannabis firm iAnthus’ restructuring plan for now
Troubled multistate marijuana operator iAnthus Capital Holdings said a deadline to reach a restructuring and recapitalization deal has been extended after a Canadian court declined to approve a plan of arrangement for the reorganization. At issue is a form of release...
Retail marijuana applicants in Maine city might be disqualified
Twelve out of 43 of applicants for a municipal permit to sell marijuana in Portland, Maine, are facing disqualification. Maine's largest city issued pre-denial letters to those applicants after a preliminary review, the Portland Press Herald reported. According to the...
How marijuana stores attract and keep senior shoppers – even during COVID-19
Cannabis retailers are taking extra steps to attract and retain senior customers at a time when marijuana use is increasing among older Americans.
Cannabis firm WeedMD borrows CA$30M from Canadian pension fund
Canadian cannabis grower WeedMD secured a loan worth 30 million Canadian dollars ($22.5 million) from the LIUNA Pension Fund of Central and Eastern Canada, a retirement plan associated with the Laborers’ International Union of North America.
GW Pharmaceuticals cannabis drug gets regulatory OK in Australia
GW Pharmaceuticals' plant-derived CBD drug Epidyolex received approval from Australia's Therapeutic Goods Administration (TGA) to be used in treating seizures related to Lennox-Gastaut syndrome and Dravet syndrome for patients 2 and older. The approval is the third...
Wholesale cannabis bud prices rise significantly in Colorado
The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue. For the quarter from Oct. 1 to Dec. 31, the average market rate for a pound of unprocessed...
Canadian marijuana company Aurora ends fiscal year with CA$3.3B loss
Canadian marijuana producer Aurora Cannabis reported a net loss of more than 1.8 billion Canadian dollars ($1.4 billion) for its fourth quarter, ending its 2020 fiscal year with a CA$3.3 billion loss. The quarterly loss includes a previously signaled CA$1.6 billion...
Manitoba weighs on-site cannabis consumption, but not for smoking
Manitoba's provincial cannabis store regulator is considering a new type of cannabis business license that would allow on-site consumption of ingestible and topical marijuana products, but would bar smoking or vaping. The proposed license type...
