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Organigram reports CA$66.4 million loss on falling cannabis sales
New Brunswick-based cannabis producer Organigram’s net revenue fell to a multiyear low of 14.6 million Canadian dollars ($11.6 million) in its December 2020-February 2021 quarter, the company said Tuesday. Organigram’s…
News April 13
Biden selects ex-state attorney general to lead DEA; marijuana stance unclear
President Joe Biden has tapped Anne Milgram, a former state attorney general and longtime criminal justice advocate, to head the U.S. Drug Enforcement Administration. In 2009, as the state attorney…
News April 13
Aurora Cannabis leads Canada in market share decline while smaller companies gain, report says
Aurora Cannabis surrendered a greater share of Canada’s recreational market last year compared to rival licensed producers – with Canopy Growth not far behind – as the companies look to…
News April 13
Massachusetts kicks off online product catalog for licensed cannabis products
Massachusetts marijuana regulators launched on Monday a one-of-a-kind catalog that's intended to help clear up any confusion about which marijuana products are legal.
News April 13
Confidential IRS marijuana guide details audit procedures for agents to follow
Marijuana industry tax experts have known for years the IRS was circulating among its agents a document akin to an Audit Technique Guide - essentially, a manuscript for how agents…
News April 13
New Mexico gov signs adult-use marijuana legalization bill into law
New Mexico Gov. Michelle Lujan Grisham on Monday signed a bill legalizing a potential $425 million adult-use marijuana market in the state. Retail sales are to begin no later than…
News April 12
Uber could get into cannabis delivery business, CEO says
Uber could branch into cannabis deliveries if the federal government repeals its national marijuana prohibition, the CEO of the ride-sharing pioneer said Monday. “When the road is clear for cannabis,…
News April 12
NM medical marijuana processor cited for additional violations after explosion
Medical marijuana regulators in New Mexico reportedly found numerous violations when they inspected New MexiCann Natural Medicine’s operation after an October explosion that critically injured two employees. Inspectors noted untagged…
News April 12
Aphria loses CA$361 million as cannabis revenue plunges 24%
Leamington, Ontario-based cannabis producer Aphria reported a net loss of 361 million Canadian dollars ($287 million) for the three months ended Feb. 28, 2021, after its marijuana revenue plunged almost…
News April 12
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