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Can South Africa challenge Canada for global cannabis export dominance?
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GW Pharma expects fiscal 2020 sales to reach $526 million
United Kingdom-based GW Pharmaceuticals expects to report annual sales of roughly $526 million for the year ended Dec. 31, 2020, the company said in a preview of its fourth-quarter and…
News January 13
Virginia looks poised to legalize adult-use cannabis market
Virginia Gov. Ralph Northam’s administration announced an adult-use cannabis legalization plan that would impose a 21% excise tax and provide some licensing preferences for individuals and entities harmed by the…
News January 13
New York appears better positioned than before to legalize $2 billion-plus recreational marijuana market
Facing massive budget woes and legalization in neighboring New Jersey, politicians in New York are set to take another crack at legalizing a recreational marijuana market that could generate more…
News January 13
Cannabis CEOs, led by Aphria’s Irwin Simon, are among Canada’s top-paid execs despite losses
A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for…
News January 13
Massachusetts marijuana regulator taps attorney to fill vacant seat
The Massachusetts Cannabis Commission selected Dorchester lawyer Ava Callender Concepcion to fill the last remaining open position on the board.
News January 12
Mexico releases long-awaited medical cannabis regulations
Mexico published highly anticipated regulations to underpin its medical cannabis industry, more than three years after an amendment to the General Health Law allowed medical cannabis use. The long delay…
News January 12
Cannabis MSO MedMen raises $10M to aid financial-turnaround effort
Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners.
News January 12
Multiple marijuana businesses sue Michigan city over licensing process
Ten marijuana companies filed suit against the Detroit suburb of Berkley, Michigan, in an attempt to overturn a license scoring process that left all of them without business permits. According…
News January 12
Organigram revenue stalls on erratic inventory, unfulfilled demand
New Brunswick-based cannabis producer Organigram continues to struggle, reporting lower sales and a bigger loss for its first quarter ended Nov. 30, 2020. Net revenue for the three-month period fell…
News January 12
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