While the hot streak of capital raises may have cooled slightly in recent weeks, the North American cannabis industry is still far outpacing last year in terms of overall money raised.
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New Zealand unveils proposed medical cannabis regulations, aims for 2020 launch
New Zealand released highly anticipated proposed medical cannabis regulations Wednesday, representing a “huge milestone” for the country’s burgeoning industry as it looks to become a hub for innovation, cultivation and production, industry sources said.
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CannTrust shipped unlicensed medical cannabis overseas
Beleaguered cannabis grower CannTrust shipped some unlicensed medical cannabis overseas, the Ontario company told Marijuana Business Daily, adding an international dimension to the Canadian company’s regulatory woes.
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CannTrust hit with ‘noncompliant’ rating for unlicensed cannabis cultivation
Ontario-based licensed cannabis grower CannTrust was sanctioned by Health Canada for conducting unlicensed cultivation for six months and providing inaccurate information to the federal regulator.
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Big changes in store for Colombia cannabis regulations, but final rules and timeline uncertain
A draft decree in Colombia is in the works that could substantially modify certain aspects of the current medical cannabis framework. Among other things, the proposed changes would make Colombian medical cannabis companies more competitive internationally by allowing flower to be exported into free trade zones. Another proposal is aimed at making it easier for […]
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Linton’s firing by Canopy follows string of losses, may raise concerns about cannabis sector-mainstream partnerships
Former Canopy Growth co-CEO Bruce Linton may have had suspicions about his future when a special board meeting of the Canadian cannabis giant was convened last Friday. Even though Linton was also Canopy’s chair, he didn’t call the meeting. By Wednesday, Linton was filling up his car with gas at Costco and contemplating his future […]
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‘The board decided’: Marijuana giant Canopy Growth fires Bruce Linton as CEO
Canadian cannabis producer Canopy Growth on Wednesday announced the departure of Bruce Linton as co-chief executive, a surprise move that analysts say could be tied to the company’s disappointing earnings. Effective immediately, Linton is stepping down and co-CEO Mark Zekulin will become the sole interim chief executive as the board looks for a permanent leader. […]
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Canada’s 257 cannabis inspections yield 3 ‘noncompliant’ ratings, 65 health/diversion-related deficiencies
Health Canada handed out three noncompliant ratings to cannabis producers from the nearly 260 inspections the federal regulator conducted in the last fiscal year, according to its recently released compliance report.
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Deal Watch: US cannabis capital activity continues to climb
While many of the trends in cannabis have held steady for the first part of 2019, a new one that’s emerging is more merger and acquisition activity centering around the United States rather than Canada.
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July Issue
U.S. cannabis companies willing to work at it will find ample opportunities to raise money.Read the Issue