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Massachusetts cannabis regulators catch THC potency inflation in recent sting
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Hexo slashes workforce by 200 amid lower marijuana revenue expectations
Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations, said it is cutting about 200 jobs across multiple locations and divisions.…
News October 24
Cannabis giant Trulieve signs $17 million Florida warehouse leaseback deal
Innovative Industrial Properties, a real estate investment trust (REIT) that focuses on buying and leasing warehouses in the marijuana space, paid $17 million to Trulieve Cannabis for a five-building cultivation…
News October 24
New data reveals top medical conditions for which cannabis is reimbursed in Germany
The German government disclosed the six most-reported diagnoses for which medical cannabis has been prescribed and covered by statutory health insurers (GKV), with pain No. 1 followed by a muscle condition known…
News October 24
Green Growth Brands loses $64 million amid marijuana dispensary delays
Ohio-based CBD and cannabis company Green Growth Brands recorded a loss of more than $64 million for its fiscal year as it faced higher-than-expected capital expenditures and delays in building out…
News October 24
Antitrust cloud lifting on cannabis M&A deals, but will some be renegotiated – or even abandoned?
The antitrust cloud hanging over several large mergers and acquisitions in the U.S. marijuana industry appears to be lifting, but its effects continue to linger and could remain a factor…
News October 24
Hexo raises capital but doesn’t learn its lesson
You would think the sting of a 30% stock price drop after Hexo Corp.'s preannouncement of a huge miss for fiscal fourth-quarter revenue and withdrawal of 2020 revenue guidance would…
News October 23
MJBizDaily leadership change: Co-founder Farrington stepping down as CEO; Walsh to take reins
Cassandra Farrington, the co-founder of Marijuana Business Daily, is stepping aside as CEO of the pioneering cannabis publishing and trade show business at the end of the year and will…
News October 23
Judge throws out class action lawsuit against cannabis delivery giant Eaze
A class action lawsuit filed against cannabis tech platform Eaze – a major player in the California marijuana delivery world – was dismissed by a federal judge, who ordered the plaintiff…
News October 23
Alberta cannabis producer readies Canada’s largest rooftop solar array
An Alberta-based cannabis producer is weeks away from flipping the switch on what it says will be Canada’s largest array of rooftop solar panels. Freedom Cannabis expects to activate the…
News October 23
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