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Deloitte estimates windfall for Quebec from proposed cannabis facility
A massive marijuana production operation on the drawing board in Quebec could yield enormous financial benefits for the province if it’s fully built out, according to a preliminary economic assessment…
News January 31
California treasurer lays out first steps toward state marijuana bank
Following up on a plan he announced last year, California state Treasurer John Chiang on Tuesday outlined the foundation for a public bank for cannabis businesses so they won’t have…
News January 31
‘Decimated’ by oversupply, Oregon wholesale prices for outdoor-grown trim, flower for oil drop to $50 a pound
Oregon's marijuana cultivators are facing a challenging environment that favors vertically integrated companies and craft cannabis. Wholesale prices for outdoor-grown marijuana have dropped to as low as $50 a pound. …
News January 31
Cannabis Wheaton acquires Uruguayan hemp CBD producer for $15 million
Canada’s global cannabis-buying spree is moving to Uruguay. Vancouver, British Columbia-based Cannabis Wheaton announced Tuesday that it plans to spend up to $15 million to acquire 80% of Inverell shares.…
News January 30
Colombia’s medical cannabis industry poised for ‘bellwether year’ on world stage
Colombia’s medical marijuana industry is continuing to develop rapidly, and industry experts predict the country’s producers will be ready to compete on the global stage by the end of this…
News January 30
Nevada’s top recreational marijuana regulator stepping down
The director of the Nevada Department of Taxation, who also serves as the chief regulator of the state’s fledgling adult-use marijuana industry, has announced her resignation. Deonne Contine will leave…
News January 30
High Times moves to raise $50M by selling shares at $11 each via IPO
The parent company of the longtime cannabis-centric publication High Times magazine has filed paperwork to raise $50 million by selling shares at $11 each. The initial public offering, disclosed in a…
News January 30
20 people to watch in 2018
The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will…
News January 30
Two Canadian cannabis producers each raise CA$70 million
Canada’s licensed marijuana producers continue to raise capital at a record clip to fund overseas expansion plans and boost domestic production capacity ahead of legalization this summer. It took only…
News January 29
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