Marijuana Edibles & Infused Products

Chart: Adult-use marijuana sales spike 7% on Valentine’s Day

Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]

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Report: Largest marijuana firms already control most of Canada’s regulated adult-use market

Canada’s largest licensed cannabis producers already have a stranglehold on the country’s regulated recreational market just four months into legalization, according to analysts. Canaccord Genuity estimates Canopy Growth and Aurora Cannabis combined represented almost 50% of the sales volume in the first three months of legalization. “After including estimated contributions from Tilray and Aphria, we […]

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How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson

Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million to help fuel future growth. Hudson – who will remain The Apothecarium’s CEO – is the latest in a slew of California marijuana executives who’ve sold […]

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CA tries to clarify rules around THC limits in edibles, potentially spelling relief for infused product firms, labs

California’s infused product makers and testing labs are breathing a sigh of relief now that state regulators have sought to clarify rules governing THC potency for edibles and beverages, a move that is expected to result in fewer products failing lab tests. The brouhaha arose after California’s permanent cannabis regulations took effect last month. Two of the three […]

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Molson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering

Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for global expansion and research and development. The Quebec cultivator, which trades as Hexo on the Toronto Stock […]

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Cannabis products firm Slang lists on Canadian exchange after buying Organa Brands

Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million). The […]

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Compliance costs, lost market share could take toll on cannabis edibles firms under new Washington state rules

A Washington state marijuana trade association is warning regulators that new packaging, labeling and product design rules for cannabis-infused edibles and beverages might decimate edibles manufacturers’ bottom line. According to experts, the cost for some businesses to comply could be $100,000, and that doesn’t include lost revenue for manufacturers who have kept new products off […]

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California marijuana company plans $200 million campus in New York

Ahead of New York’s anticipated legalization of recreational cannabis, San Diego-based Flora California Prime is laying the groundwork to build a $200 million, 1.25 million-square-foot cannabis cultivation, manufacturing and distribution facility on 47 acres of land in Buffalo. According to Buffalo TV station WKBW, construction on the facility could begin once state lawmakers approve legislation […]

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Canadian marijuana companies raised landmark CA$12 billion in 2018

Marijuana firms in Canada raised a record 11.96 billion Canadian dollars ($9 billion) last year as they prepared to meet demand in the new adult-use market and grow their medical operations globally. That represents a 150% increase over 2017, when Canadian companies raised CA$4.7 billion, according to data compiled by Viridian Capital Advisors and shared […]

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