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Cannabis producer Cronos Group ends year with $168.7 million loss

Canadian cannabis producer Cronos Group lost $78.9 million in its fourth quarter ended Dec. 31, bringing the company's net loss for the year to $168.7 million.

News February 28
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Virginia lawmakers pass tough delta-8 THC restrictions

Virginia lawmakers approved tough new restrictions on products containing the controversial hemp-derived cannabinoid delta-8 THC.

News February 28
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Synthetic cannabinoid maker Nalu Bio raises $12 million

Nalu Bio, a producer of synthetic cannabinoids, said it raised $12 million in a Series A funding round led by Intrinsic Capital Partners, a Pennsylvania-based investment firm focused on life…

News February 28
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Canadian government’s cannabis duty surpasses CA$1 billion since 2018

Canada's federal government has assessed more than 1 billion Canadian dollars ($740 million) in total duty on cannabis products since they were legalized for recreational use in 2018, according to…

News February 28
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Guyatt resigns as CEO of Canadian marijuana producer Phoena

Greg Guyatt resigned from his position as CEO of Canadian cannabis producer Phoena “to pursue new challenges,” the Vaughan, Ontario-based company announced.

News February 27
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North Carolina medical cannabis bill advances

A bill to legalize the cultivation and sale of medical marijuana in North Carolina is advancing through the Republican-controlled state Legislature with support from the state’s Democratic governor.

News February 27
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Marijuana MSO Cresco Labs’ acquisition of Columbia Care pushed to June

Marijuana multistate operators Columbia Care and Cresco Labs have "mutually agreed" to extend the companies' acquisition closing date timeline from March 31 to June 30 of this year.

News February 27
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Virginia’s adult-use cannabis market stalled indefinitely

Less than two years after Virginia became the first in the South to legalize adult-use marijuana, the projected start date for legal sales of Jan. 1, 2024, has been effectively…

News February 27
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West Virginia mulls ban on delta-8 THC products

Lawmakers in West Virginia are proposing a ban on products containing delta-8 THC.

News February 24
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