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Canadian panel urges bigger role for First Nations in cannabis industry
A Canadian Senate committee is urging the federal government to revise the county’s adult-use cannabis law to give First Nations the authority to regulate their own production and sales programs.
News June 26Tennessee to impose 6% tax on CBD, delta-8 THC products
Products containing hemp-derived cannabinoids sold in Tennessee will be subject to a 6% “privilege” sales tax beginning July 1.
News June 26Metrc renews cannabis track-and-trace contract with Ohio
Cannabis software company Metrc renewed its contract with the state of Ohio to provide seed-to-sale tracking services for the state's medical marijuana program.
News June 23Marijuana company Tilray closes Hexo acquisition, eyes cost savings
Cannabis and beverage alcohol company Tilray Brands has closed its acquisition of Canadian cannabis producer Hexo Corp., creating what Tilray described as "Canada's largest cannabis company by revenue."
News June 23Less than 25% of US cannabis operators profitable, study finds
Only 24.4% of businesses in the U.S. cannabis sector report they are profitable, according to a new report by Oregon-based cannabis data and research company Whitney Economics, further underlining the…
News June 23Marijuana producer Canopy reports CA$3.3 billion annual loss
Cannabis producer Canopy Growth reported a net loss of 3.3 billion Canadian dollars ($2.5 billion) for its fiscal year ended March 31, 2023, representing a substantial increase over 2022.
News June 23Canada cracking down on words ‘soda’ and ‘cola’ on cannabis labels
Health Canada is asking federally licensed cannabis producers to stop using certain words on labels and in promotions for infused beverages, warning they could appeal to young people.
News June 23Opinion: Why MSOs should embrace hemp-derived delta-9 THC products
There’s an opportunity for cannabis companies to get products to consumers who would never enter a retailer: delta-9 THC derived from hemp.
News June 23US House committee approves research for medical cannabis, psychedelics
A Republican-led Congressional committee approved amendments in a massive defense bill to fund research and a pilot program to study the effects of medical cannabis and psychedelics.
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