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Canadian cannabis operator SNDL halves annual loss to CA$176.6 million

Alberta cannabis and alcohol company SNDL cut its annual loss in fiscal 2023 in half - to 176.6 million Canadian dollars ($130.5 million) - on strong sales growth.

News March 21
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Michigan company’s marijuana license revoked over illicit extracts

A Michigan marijuana company is surrendering its processor licenses because it was combining legal and unregulated cannabis in extracts sold in the adult-use and medical markets.

News March 21
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Intoxicating hemp-derived cannabinoids must be halted, state AGs tell Congress

Congress must act to solve the nationwide “health and safety crisis” posed by the growing intoxicating hemp-derived cannabinoids industry, a bipartisan group of 20 state attorneys general wrote in a…

News March 21
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Marijuana ETF shutting down not long after launch

Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching.

News March 21
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280E, new markets and wholesale revenue highlight cannabis earnings season

Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.

News March 21
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Louisiana’s 10th medical marijuana dispensary opens

The final medical marijuana operator allowed by law in Louisiana is open for business.

News March 20
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Kansas’ medical cannabis proposal would be among nation’s strictest

Seriously ill people in Kansas would be able to access nonsmokable medical cannabis from pharmacies if a bill introduced in the state Senate becomes law.

News March 20
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Marijuana MSO The Cannabist Co. raises $25.75 million

Marijuana multistate operator The Cannabist Co. raised $25.75 million in senior secured convertible debentures.

News March 20
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Opinion: How to determine the fair market value of your cannabis business

Whether you’re seeking investment, planning to purchase a business or gauging your company’s worth, understanding how to determine fair market value is a fundamental aspect of success.

News March 20
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