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Image of an Organigram grow room

Organigram CEO warns of unsustainably cheap cannabis, reports CA$7.5M quarterly loss

The CEO of Canadian producer Organigram Holdings is warning about heavily discounted marijuana in the nation's recreational market, saying that ultra-low prices are "not sustainable and (hurt) the cannabis industry."

News April 12
Image of CBD oil in 4 bottles

Texas medical marijuana expansion measure clears state House

A bipartisan-supported, Republican-sponsored proposal to expand access to low-THC medical marijuana oil in Texas and increase its potency passed the state House. but the measure still has a long way…

News April 12
Image of Wasserschloss in Hamburg, Germany

Germany unveils scaled-down recreational cannabis legalization plan

The German government is backpedaling on its plan to implement nationwide recreational cannabis legalization, instead opting for a two-track, scaled-down approach with limited commercial opportunities - for now.

News April 12
Image of a marijuana field under a blue sky

Some WA marijuana operators put on pause over pesticide concerns

Washington state's cannabis authority has put a handful of marijuana licensees on "administrative hold" as it investigates pesticide contamination in the soil of a specific area of Okanogan County.

News April 12
Chart showing the economic impact of U.S. cannabis

Cannabis industry will add $100 billion to US economy in 2023, MJBiz Factbook projects

The total U.S. economic impact generated by marijuana sales is expected to top $100 billion in 2023, up more than 12% from last year, according to a fresh analysis from…

News April 12
Image of the St. Louis skyline, including the Gateway Arch

Missouri tops $126 million in total marijuana sales in March

Missouri adult-use and medical marijuana retailers generated $126.2 million in sales in March, up nearly 23% over February.

News April 11
Image of a Phoena cannabis facility in Pelham, Ontario

Canadian cannabis producer Phoena winds-down business, blames high taxes

Canadian cannabis producer Phoena Group, formerly known as CannTrust, has been granted creditor protection and is winding down its operations, the company said in court documents.

News April 11
Image of a judge's gavel hitting a pile of $100 blls

Massachusetts marijuana operator sues to recover controversial fees from town

A Massachusetts marijuana retailer is seeking to recover $1.4 million in controversial fees charged by its host town.

News April 11
Image depicting a decline

Tilray discloses $1.2B quarterly loss, plan to buy cannabis rival Hexo for $56M

Canadian cannabis producer Tilray Brands reported a net loss of $1.2 billion (1.5 billion Canadian dollars) for its quarter ended in February and said it agreed to buy troubled rival…

News April 11
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