Is cannabis legalization on horizon in Germany? Not so fast, experts say

Canadian cannabis industry executives are paying close attention to Germany’s upcoming election, where pro-cannabis parties are in a good position to unseat the political union that has long opposed any form of recreational legalization.

Lessons from the financial troubles of cannabis company Plus Products

On Sept. 13, California-based Plus Products (CSE: PLUS; OTCQX: PLPRF) filed for protection from creditors under the Companies’ Creditors Arrangement Act (CCAA), the Canadian counterpart to U.S. bankruptcy statutes.

US cannabis trading volume levels after first-quarter spike

Average daily trading volumes for U.S. cannabis operators appear to be bottoming out at about $80 million per day, a level not seen since October 2020. Trading volumes have declined 75% since peaking in February.

The changing US cannabis banking landscape + Hexo’s falling stock prices

As long as cannabis is federally illegal in the U.S., there will be little in the way of formal protections for financial institutions that choose to work with operators in the industry.

But that doesn’t appear to be stopping every institution.

Aurora sends first shipment of ‘free’ marijuana to France

A subsidiary of Edmonton, Alberta-based Aurora Cannabis delivered its initial shipment of medical marijuana to France for use in the country’s pilot program, the company announced Wednesday.

Schumer’s marijuana reform bill would create industry winners and losers, experts say

Since Senate Majority Leader Chuck Schumer unveiled a draft of his federal marijuana legalization bill in July, questions have begun percolating about what cannabis businesses stand to win or lose should the groundbreaking legislation become law.

Canadian cannabis producers have sold less than 20% of output since adult-use legalization

Cannabis producers in Canada have sold less than 20% of their production since the country launched adult-use sales in October 2018, according to an MJBizDaily analysis. 

Canadian cannabis firm Aphria gave CEO $8.1 million to become full-time employee

Canadian cannabis producer Aphria gave then-CEO Irwin Simon a cash and stock compensation package worth $8.1 million (10.5 million Canadian dollars) early last year to change his employment status from independent contractor to full-time employee.

Hexo leapfrogs competitors with CA$925 million deal for rival cannabis producer Redecan

Canadian cannabis producer Hexo Corp. struck a definitive deal to buy one of the leading adult-use producers in the country by market share in a cash and stock deal worth 925 million Canadian dollars ($766.4 million).