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‘It’s confounding’: Former Nova Scotia premier wants Ottawa to fix cannabis banking problems

Published October 11, 2019 | By Matt Lamers

Former Nova Scotia Premier Darrell Dexter is calling on the federal government to address banking issues stymieing legal marijuana businesses across Canada. Almost one year into adult-use legalization, cannabis entrepreneurs and registered not-for-profit trade associations are accusing Canada’s banking sector of gouging and arbitrarily closing bank accounts – sometimes citing U.S. federal law that prohibits marijuana. […]

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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

Published October 11, 2019 | By Marijuana Business Daily staff

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more of the week’s top cannabis business news.   MedMen, PharmaCann pull the plug MedMen, a California-based cannabis multistate operator, announced that its planned acquisition of […]

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Hexo, Green Organic Dutchman’s woes may be a harbinger for Canadian cannabis businesses, analysts say

Published October 10, 2019 | By Matt Lamers

Some Canadian cannabis companies are facing a financial squeeze because of the country’s slow rollout of recreational marijuana stores and a dwindling pool of available funding. Quebec cannabis producer Hexo Corp.’s lower fourth-quarter revenue projection and Ontario-based The Green Organic Dutchman’s capital issues could be a sign of things to come for companies with unduly […]

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Price gap grows in Canada between legal, illicit cannabis

Published October 9, 2019

The difference between the average price of regulated and illegal cannabis across Canada widened in the quarter ending September, according to new data from Statistics Canada. The average price of legal cannabis prices dropped to 10.23 Canadian dollars per gram ($7.68) in the third quarter, a decline from CA$10.65 per gram in the second quarter. […]

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