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San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M
Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars).
News February 11Canada still plans to revoke Ascent’s marijuana license; shareholders may meet
Ascent Industries subsidiary Agrima Botanicals failed to demonstrate to federal authorities that a suspension of its cannabis licenses in Canada is unfounded, putting future operations further in doubt, the company said…
News February 11New Brunswick signs new cannabis supplier amid shortage, in talks with others
New Brunswick’s wholesaler of adult-use marijuana signed up another supplier to meet sky-high demand, and the province confirmed it is in talks with other licensed producers to fill a significant…
News February 11Legal recreational marijuana diverts $22 million from Uruguay’s black market
Despite supply challenges that have limited access, Uruguay has diverted roughly $22 million of cannabis sales away from the illicit sector and into the regulated market, according to a recent…
News February 11Connecticut billboard pointing to legal marijuana sales across border sparks squabble
A highway billboard in Connecticut that reads “Weed is legal in 60 miles,” meaning cannabis is legally for sale via businesses that sit just across the border in Massachusetts, has…
News February 11Chart: Despite product shortages, New Mexico medical marijuana program posts significant growth in 2018
New Mexico’s medical marijuana program continues to grow at a blistering pace, even as supply shortages and high prices plagued the industry during 2018.
News February 11CA continues enforcement against illicit cannabis firms in L.A., Sacramento County
California’s Bureau of Cannabis Control (BCC) announced further enforcement actions against unlicensed marijuana businesses. This sweep was against a pair of illegal retailers – one in Los Angeles and the…
News February 8Belgium considers agency to govern medical marijuana production
Belgium’s minority government has proposed a law that calls for the establishment of a medical cannabis agency to oversee production and distribution in pharmacies, hospitals and research institutes.
News February 8Former House Speaker Boehner gets behind marijuana lobbying group
Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research, a move that will put a political heavyweight behind…
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