Featured Marijuana Business & Cannabis Industry News

Police deny probe involving Canadian cannabis firm Ascent; company says otherwise

Vancouver-based Ascent Industries said it is cooperating with an investigation by the British Columbia anti-gang police unit into “certain activities at Ascent,” but the agency denies such a probe exists “at this time.” A spokesperson for the Combined Forces Special Enforcement Unit of British Columbia (CFSEU) said Ascent has been “speaking” with the agency, but […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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Leaving no county unheard on cannabis: Q&A with Pennsylvania Lt. Gov. John Fetterman

Pennsylvania successfully rolled out a medical marijuana program and now, having reversed course and with legalization pressure building in the Northeast, Democratic Gov. Tom Wolf is open to considering legalizing adult-use marijuana. The state’s approach is a deliberate one. As a first step, Lt. Gov. John Fetterman is conducting “listening sessions” in each of the […]

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Aphria, Wayland face challenge over German marijuana cultivation contracts

Germany’s efforts to get domestic medical cannabis cultivation up and running took another step forward Wednesday, as the German Federal Institute for Drugs and Medical Devices (BfArM) confirmed the winners of nine of the 13 available lots for the first round. Four of the lots – granted to Aphria and Demecan in the preliminary results – were […]

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California licensing snafu could cost cannabis growers thousands in lost revenue, possible shutdowns

California’s marijuana growers are at risk of losing thousands of dollars in revenue as scores of temporary business licenses expire each day before the state can replace them with annual permits. That leaves many cultivators trapped in a licensing logjam with a difficult choice: Continue operating with expired permits – or shut down. This is […]

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Brazilian cannabis import authorizations top 1,000 in the first quarter of 2019

Brazilian authorities continued to approve permits to import medical cannabis at an increasing rate through the first quarter of 2019. According to data provided to Marijuana Business Daily, Brazil’s National Sanitary Surveillance Agency (ANVISA) granted 884 new authorizations and 170 renewals during the first quarter of 2019 – more than one-third of all the authorizations that were […]

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Chart of the Week: Colorado 4/20 sales spike higher than other recreational cannabis markets

Despite competing with newer adult-use marijuana markets in other states that also attract swarms of tourists, Colorado’s established recreational cannabis business arena remains a steady retail sales leader on April 20 – the unofficial marijuana holiday known as 4/20. According to data provided by Flowhub, a Denver-based marijuana software company, and Headset, a Seattle-based cannabis […]

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