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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 25Why 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 25Australian capital legalizes recreational marijuana
Australia's capital is the first part of the country to legalize recreational marijuana for personal use.
News September 25Earnouts 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 25House 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 25Auxly 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 25Marijuana 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 25At 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 25First 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.
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