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Canada ‘falling woefully short’ of displacing illicit cannabis market, researcher says

Canada’s regulated cannabis sales accounted for only 14% of total demand by volume in June, according to a new analysis by market researcher TheCannalysts. That’s counter to some estimates that…

News September 25
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Why earnouts matter in cannabis M&A

Earnouts are a common risk-allocation provision in cannabis and hemp mergers and acquisitions used to bridge the business-value gap between a business owner and an acquirer.

News September 25
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Australian capital legalizes recreational marijuana

Australia's capital is the first part of the country to legalize recreational marijuana for personal use.

News September 25
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Earnouts in cannabis M&A: Sharing the risk and reward

Earnouts are a common risk-allocation provision in cannabis and hemp mergers and acquisitions, used to bridge the business-value gap between a business owner and an acquirer.

News September 25
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House Judiciary Chair reiterates commitment to marijuana banking reform

The chair of the House Judiciary panel said he is committed to working to advance a comprehensive marijuana bill including social and criminal justice provisions. Rep. Jerrold Nadler, a Democrat…

News September 25
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Auxly Cannabis Group partner Sunens closes CA$84M credit facilities with Bank of Montreal

Sunens Farms, a federal cannabis applicant in Leamington, Ontario, closed a nonconvertible debt deal underwritten by the Bank of Montreal (BMO). The 84 million Canadian dollar ($63 million) deal consists of a…

News September 25
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Marijuana industry reaction to California’s 2019 legislative session: Some wins, but many MJ business issues still outstanding

California’s 2019 legislative session drew to a close earlier this month, and it was a lackluster year for cannabis business priorities, industry watchers noted, with no victories on issues such…

News September 25
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At long last: A full US House vote on a cannabis banking bill

The multibillion-dollar U.S. cannabis industry is poised to cross a historic threshold Wednesday with a scheduled U.S. House vote on a bill that would permit financial institutions to serve state-legal marijuana…

News September 25
Uruguay

First commercial medical cannabis export from Latin America sent to Australia

Uruguayan-based Fotmer Life Sciences announced Tuesday that the company has become the first to complete a "commercial export of medical cannabis from Latin America," sending a shipment to Australia.

News September 24
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