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Maryland recreational marijuana sales soar, but medical transactions stagnate

Since launching in July 2023, the recreational marijuana market in Maryland has grown month-over-month, ending 2023 at $331.8 million in sales, according to data from the Maryland Cannabis Administration.

News January 16
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Canadian cannabis company Safari Flower accesses creditor protection

Canadian cannabis grower and processor Safari Flower Group is insolvent and has received an initial creditor protection order under Canada's Companies' Creditors Arrangement Act.

News January 16
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Hart replaces retiring Vita as CEO at marijuana MSO The Cannabist Co.

The Cannabist Co. has promoted David Hart to CEO and Jesse Channon to president.

News January 16
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Survey: 69% of Canadian cannabis consumers ‘always’ buy legal products

Canada’s federally regulated marijuana industry captured more illicit-market share than ever in 2023, the government’s annual Canadian Cannabis Survey suggests.

News January 16
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Australian marijuana grower ECS reports record sales of AU$7.3 million in quarter

ECS Botanics Holdings, an Australian medical marijuana cultivator in Victoria, reported a significant jump in revenue to 7.3 million Australian dollars ($6.5 million) in its second fiscal quarter ending Dec.…

News January 16
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Ontario’s new cannabis store ownership cap expected to boost M&A

A new regulatory change allowing one company to operate up to 150 recreational cannabis stores in Ontario - a twofold increase from the previous cap of 75 - is expected…

News January 16
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Unsealed rescheduling letter: Marijuana less harmful than other drugs

The Biden administration on late Friday released the unredacted exchange between federal authorities recommending marijuana be rescheduled.

News January 12
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No tax relief for California cannabis operators in governor’s initial budget

If legal California cannabis businesses teetering under the weight of heavy taxes will see any relief this year, it’s unlikely to come from the governor.

News January 12
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State attorneys general urge DEA to reschedule marijuana

Attorneys general from 12 states sent a letter to the head of the U.S. Drug Enforcement Administration to “encourage” the DEA to reschedule marijuana.

News January 12
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