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Cannabis producer Canopy Growth sheds 8% of workforce, eyes CA$150 million more in savings
Canadian cannabis producer Canopy Growth slashed approximately 8% of its workforce Tuesday as part of sweeping changes across the company designed to help stem recent losses and nudge the struggling…
News April 26United Kingdom extends CBD food deadline after complaints
British food regulators hit the pause button on plans to winnow edible CBD products that can be sold in the United Kingdom.
News April 26Marijuana tech firm Lucid Green raises $10 million in capital
New York-based Lucid Green, which provides a high-tech, inventory-management platform for the marijuana industry, raised $10 million of capital for further growth.
News April 26Cannabis retailer Fire & Flower posts revenue decline, cites competition
Toronto-headquartered cannabis retail chain Fire & Flower Holdings reported declining sequential retail revenue for the fourth quarter of its fiscal year, citing heightened retail competition.
News April 26Montana city lowers minimum age to own or work for a marijuana company
Billings, Montana, lowered the age limit from 21 to 18 for people to own or work for a marijuana business in the state's largest city.
News April 26New Jersey’s recreational cannabis program has smooth launch despite supply worries
New Jersey’s recreational cannabis market has gotten off to a relatively smooth start, with no major bottlenecks despite long lines reflecting pent-up demand from local residents as well as customers…
News April 26Illinois adult-use marijuana sales rebound with second-best month
Illinois adult-use marijuana sales totaled nearly $131 million in March, halting a two-month slide.
News April 25North Carolina bank to offer financial services to cannabis companies
A bank in Raleigh, North Carolina, launched a banking program dedicated to marijuana and CBD companies.
News April 25Cresco seeks $38 million in tax breaks for New York marijuana production site
Multistate operator Cresco Labs is chasing tax breaks worth $38 million for its planned marijuana production and manufacturing site in Ulster County, New York, according to local media reports.
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