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Diversity is not the same as equity in US cannabis industry
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Marijuana financial restatements show industry still maturing, insiders say
The marijuana industry has an accounting problem, with a number of companies correcting errors in financial statements in recent years through restatements.
News October 11
Tilray reports $66 million loss as cannabis sales decline
Cannabis and alcohol company Tilray Brands lost $65.8 million (90 million Canadian dollars) in the first quarter ended Aug. 30 as net revenue declined 9% year-over-year to $153.2 million.
News October 7
US, Canadian marijuana stocks surge, decline after Biden announcement
Shares of publicly traded cannabis companies surged late Thursday and then declined Friday morning after U.S. President Joe Biden's surprise announcement that he would direct the government to review the…
News October 7
Aurora Cannabis repurchases $23 million worth of debt
Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes.
News October 7
New York adult-use marijuana stores ‘on track’ to open this year, governor says
New York is "on track" to open 20 adult-use cannabis dispensaries this year, Gov. Kathy Hochul said. The governor also said in an exclusive interview with the Advance Media New…
News October 7
Is multistate cannabis operator Ascend Wellness up for sale?
Abner Kurtin, a former CEO of multistate cannabis operator Ascend Wellness Holdings, is no longer giving interviews since transitioning to the executive chair role only days before a battery charge…
News October 7
Biden announcement on marijuana scheduling and pardons could alter face of the industry
President Joe Biden's stunning announcement Thursday that his administration would review whether marijuana should remain a Schedule 1 drug sent shockwaves through the cannabis industry and fanned speculation that the…
News October 6
Biden calls for review of marijuana scheduling, pardons thousands for MJ offenses
President Joe Biden on Thursday called on the U.S. attorney general and the secretary of the Department of Health and Human Services to begin the process of reviewing marijuana scheduling…
News October 6
Costa Rican president follows through on pledge with cannabis draft law
Costa Rica’s president followed through with a promise he made in August to bring recreational cannabis legislation to the Central American country’s Legislative Assembly.
News October 6
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