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Deloitte: Canada on verge of CA$2.7 billion infused cannabis market
Canada is on the cusp of prying open a market for edibles and alternative cannabis products valued at 2.7 billion Canadian dollars ($2 billion), but sales will begin as “a slow…
News June 3
Cannabis industry asks FDA for uniform production, packaging standards
The ideal standard for the cannabis industry, according to both hemp and marijuana insiders, would be to have a single set of rules around key business operations, from production to…
News May 31
In landmark move, Illinois lawmakers approve adult-use cannabis program that could hit $2 billion in sales
Illinois on Friday became the country’s first state to legalize recreational marijuana cultivation and sales through its Legislature, a landmark move that paves the way for the creation of one…
News May 31
Google says no to cannabis-related service apps in its play store
Tech giant Google banned all marijuana-related apps from its play store, meaning Android phone users now won’t be able to download apps that facilitate home delivery or other services. The…
News May 31
Colombia has 100-plus licensed cannabis firms, but only a handful have registered cultivars
Interest in Colombia’s medical marijuana market is booming, but a Marijuana Business Daily analysis shows that – out of over 100 licensed cannabis companies operating in the country – few…
News May 31
Curaleaf Q1 marijuana revenue climbs to $35.3 million
Curaleaf, a Massachusetts-based, vertically integrated cannabis company, reported first-quarter revenue of $35.3 million, up from $9.1 million for the same period in 2018. Net loss for the company in the…
News May 31
Alabama bill to create medical cannabis study group advances
The Alabama Legislature might create a medical marijuana study commission that could recommend legislation for next year. The proposal is a compromise after a Senate-passed bill to legalize medical marijuana…
News May 31
Oregon marijuana regulators could soon have the ability to deny new grow licenses
Oregon’s oversupply of cannabis has prompted lawmakers to attempt to give the Oregon Liquor Control Commission more leeway to deny new cultivation licenses based on supply and demand. A bill that passed…
News May 31
Cannabis firm Harvest Health sales soar, losses widen as company expands
Arizona-based Harvest Health & Recreation saw its revenue spike more than 131% in the first quarter to $19.2 million, compared with $8.3 million in the same quarter last year.
News May 31
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