Germany recreational cannabis legalization bill clears last hurdle
Germany’s landmark recreational cannabis law will go into effect on April 1 after clearing the final regulatory hurdle on Friday. The Bundesrat, the upper house of the German Parliament, failed to reach a majority to convene the Mediation Committee, clearing the last...
New York OKs 114 adult-use marijuana permits as legal stores trail illicit 24-to-1
New York regulators on Friday approved 114 more adult-use marijuana licenses, but illicit stores continue to outnumber legal operators by nearly 24-to-1. Estimates vary as to how many unlicensed cannabis sellers there are in New York. ADVERTISEMENT But according to...
Canadian cannabis sales drop 11.5% from December to January
Retail sales of legal adult-use cannabis in Canada tumbled by 11.5% from December to January, totaling 400.1 million Canadian dollars ($294.2 million). Statistics Canada’s cannabis sales figure for December 2023 was revised to CA$451.8 million, up from the...
Mushroom Joe? How President Biden could reschedule psilocybin like marijuana
President Joe Biden’s revolutionary proposal to move marijuana to Schedule 3 of the Controlled Substances Act might mean the end of more than 50 years of “failed policy” as well as new opportunities in science and business. But such a move wouldn’t change the...
Canadian cannabis operator SNDL halves annual loss to CA$176.6 million
Alberta cannabis and alcohol company SNDL cut its annual loss in fiscal 2023 in half – to 176.6 million Canadian dollars ($130.5 million) – on strong sales growth. That was down from SNDL’s 2022 net loss of CA$372.4 million, according to the...
Michigan company’s marijuana license revoked over illicit extracts
A Michigan marijuana company is surrendering its processor licenses because it was combining legal and unregulated cannabis in extracts sold in the adult-use and medical markets. Lansing-based TAS Asset Holdings, also known as Noble Road Co., received a consent order...
Intoxicating hemp-derived cannabinoids must be halted, state AGs tell Congress
Congress must act to solve the nationwide “health and safety crisis” posed by the growing intoxicating hemp-derived cannabinoids industry, a bipartisan group of 20 state attorneys general wrote in a letter to the leaders of the House and Senate agriculture committees....
Marijuana ETF shutting down not long after launch
Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching. The ETF’s closure was recommended by the fund’s investment adviser, Tidal Investments, and sub-adviser, Subversive Capital...
280E, new markets and wholesale revenue highlight cannabis earnings season
Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies. Year-end earnings calls and financial results also showed how multiple cannabis operators are: Banking on new marijuana markets for future revenue...
Louisiana’s 10th medical marijuana dispensary opens
The final medical marijuana operator allowed by law in Louisiana is open for business. Crescent City Therapeutics last week became the 10th medical marijuana pharmacy, as dispensaries are called in Louisiana, to start serving MMJ patients, according to a news release....
Kansas’ medical cannabis proposal would be among nation’s strictest
Seriously ill people in Kansas would be able to access nonsmokable medical cannabis from pharmacies if a bill introduced in the state Senate becomes law. Kansas is one of only 10 states in the United States without either medical or adult-use marijuana legalization....Featured
1
Latest Sponsored
