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Cultivation potential leads Grown Rogue to snap up PharmaCann’s New York medical cannabis permit
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Marijuana 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 23
Less 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 23
Marijuana 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 23
Canada 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 23
Opinion: 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 23
US 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.
News June 22
Marijuana workers in California, Pennsylvania join unions
Marijuana distribution drivers in California and medical cannabis dispensary workers in Pennsylvania have voted to join unions, adding more momentum to the labor movement in the MJ industry.
News June 22
Canadian recreational cannabis sales grow 1.3% to CA$411.7 million in April
Consumers in Canada spent 1.3% more on legal recreational cannabis in April compared to March, for total monthly sales worth 411.7 million Canadian dollars ($313 million).
News June 22
Nevada eases marijuana consumption lounge rules, issues first licenses
Nevada regulators this week approved loosening air-ventilation standards for marijuana consumption lounges in Las Vegas and other parts of the state while granting the first three conditional licenses for such…
News June 22
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