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PharmaCielo gets new CEO after revenue collapses; Khiron reports loss

PharmaCielo and Khiron Life Sciences – Toronto-based companies with their main operations in Colombia – reported losses this week for the quarter ending in September. PharmaCielo reported revenue of only…

News December 1
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Tilray adds dronabinol to German product portfolio

Canadian cannabis producer Tilray is offering dronabinol in the German medical cannabis market, according to a notice in the German trade publication Apotheke AdHoc. Tilray’s dronabinol is plant-derived – like…

News December 1
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Michigan adult-use cannabis sales exceed $400 million in first year

Adult-use cannabis sales in Michigan totaled nearly $440 million in the first full year of the program and already are on pace to nearly double in the second year.

News December 1
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Pennsylvania medical marijuana research venture gets OK from state

Pennsylvania regulators gave the green light to a company that intends to delve into medical marijuana research, potentially opening the door for much more industry product development. Organic Remedies has…

News December 1
Chart showing higher priced flower is taking a larger share of the market

Premium-priced cannabis products take a larger share of overall flower sales

Even during tough economic times, marijuana consumers are turning to higher-priced flower products - a signal that cannabis users are increasingly willing to spend more money on such merchandise.

News December 1
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Arkansas reaches $187 million in medical cannabis sales

Arkansas’ slow-starting medical marijuana market is growing, with more than 80% of the state’s dispensaries now open and sales reaching a cumulative total of $187 million since the program launched…

News November 30
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Zenabis selling cannabis facility for half original asking price

Vancouver, British Columbia-based Zenabis Global reached a conditional agreement for the sale of its facility in Delta, B.C., for what appears to be half the original listing price. The conditional…

News November 30
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VA recreational marijuana market would need 5 years to mature, report says

A working group in Virginia is estimating it will take up to five years for a recreational marijuana program to get established in the state.

News November 30
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New Jersey court tosses medical cannabis licensing issue back to state

A court ruling in New Jersey could prompt regulators to resolve some of the lingering litigation over medical cannabis licensing in advance of the launch of a recreational marijuana program…

News November 30
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