Canopy shakes up board, reports CA$216 million loss on lower cannabis sales
Canadian cannabis producer Canopy Growth on Friday reported a shake-up to its board of directors, a lower third-quarter loss and a “singular focus” on marijuana. Canopy’s net loss in the third fiscal quarter improved to 216.7 million Canadian dollars ($160 million),...
Oklahoma medical marijuana growers sue over fire-inspection backlog
Oklahoma medical marijuana companies whose licenses are at risk over tardy fire-safety inspections are suing, alleging the state fire marshal failed to conduct required inspections in time for the operators to renew their permits. Three MMJ grows filed a lawsuit Jan....
Opinion: Is Trulieve’s refund claim the cannabis industry’s way out of 280E?
Section 280E of the IRS Code has long been a thorn in the side of regulated cannabis businesses. We’re all looking for a way to avoid its harsh tax consequences while hoping for federal action. Recent news of Trulieve Cannabis Corp.’s highly publicized $143 million...
Momentum builds in Hawaii to legalize adult-use marijuana as foes mobilize
Hawaii lawmakers have introduced several marijuana-related bills this session as momentum grows to establish an adult-use program in the state after Democratic Gov. Josh Green again signaled support for legalization. ADVERTISEMENT The proposals, according to the...
Jones Soda, Tilray partnering to bring Mary Jones cannabis drinks to Canada
Seattle-based Jones Soda Co. is partnering with licensed producer Tilray Brands to bring infused-beverage brand Mary Jones to the Canadian market, starting in Ontario. Jones Soda Co. is a craft soda manufacturer with a subsidiary dedicated to cannabis. ADVERTISEMENT...
Marijuana MSO Ayr Wellness completes debt extension, raises $40 million
Marijuana multistate operator Ayr Wellness completed its previously announced plan to manage its significant debt by extending the maturity date of its senior notes from 2024 to 2026. According to a news release, Ayr has retired or extended the maturity of nearly $400...
Aurora Cannabis acquires MedReleaf Australia in bigger bet on medical
Aurora Cannabis has acquired the remaining 90% equity interest of MedReleaf Australia it didn’t already own, giving the Canadian marijuana producer a bigger foothold in one of the world’s biggest federally regulated medical markets. Aurora paid 50 million...
Tennessee lawmakers reintroduce marijuana referendum ballot bill
Democratic lawmakers in Tennessee have once again filed a bill that would put marijuana legalization referendum questions on the 2024 ballot, although the results of any ballot vote would be nonbinding. ADVERTISEMENT According to political news outlet The Tennessee...
Canadian cannabis firm MediPharm receives Brazilian GMP certification
MediPharm Labs’ facility in Barrie, Ontario, received Good Manufacturing Practice (GMP) certification from Brazil’s National Sanitary Surveillance Agency for the production of finished cannabis goods. The agency, also known as ANVISA, is the governing body of...
MedMen owes us thousands of dollars, marijuana brands and ex-employees say
(This story has been updated with comment from Off the Charts CEO Norman Yousif.) A monthslong MJBizDaily investigation into the business practices of marijuana multistate operator MedMen Enterprises reveals a widespread pattern of not paying invoices, abruptly...
Massachusetts sets adult-use cannabis sales mark with $1.56 billion in 2023
Massachusetts cannabis sales broke records in 2023 for the sixth year in a row, and December was the best month ever. Retailers sold more than $1.56 billion in 2023, an increase of $78 million compared to 2022, Boston.com reported, citing Cannabis Control Commission...Featured
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