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Two Canadian cannabis retail chains report sales growth, net losses
Two of Canada's biggest cannabis retail chains have posted increasing quarterly revenues as the nation's adult-use marijuana market continues to grow.
News September 15
Multistate cannabis operator Holistic Industries raises $35 million
Holistic Industries, a Maryland-based multistate cannabis operator, said it raised $35 million in debt financing to fund cultivation and processing build-outs as well as new licensing and distressed asset opportunities.…
News September 15
Ontario cannabis firm Hexo announces fourth chief financial officer in two years
The chief financial officer carousel is turning once again at cannabis producer Hexo Corp. The Ontario, Canada-headquartered company said Trent MacDonald will take over as the company’s next CFO.
News September 15
Washington state marijuana vaping lawsuit dismissed
A state judge dismissed a lawsuit against Everett, Washington-based marijuana vaporizer company Canna Brand Solutions for allegedly causing a vaping-related lung illness.
News September 15
Czech medical cannabis sales show timid growth despite insurance coverage
Medical cannabis sales in the Czech Republic remain largely insignificant despite health insurance coverage being in place since January 2020, new data shows.
News September 15
Canadian cannabis producer Zenabis gets fourth CEO in two years
Consumer packaged goods veteran Shai Altman took the reins of Zenabis earlier this month as the cannabis producer’s fourth chief executive within the past two years.
News September 15
New Zealand cannabis market estimated at NZ$1.5 billion, 74,000 kilograms
Roughly 74,000 kilograms (74 metric tons) of cannabis is consumed annually in New Zealand’s illicit market, with a retail value of up to 1.5 billion New Zealand dollars ($1 billion),…
News September 15
California marijuana tax revenues stall in wake of pandemic, job losses
A global pandemic, record job losses and massive budget shortfalls all contributed to what California Gov. Gavin Newsom called “no normal year” in his May budget revision – and cannabis…
News September 15
Group to drop court challenge of Utah’s restrictive medical cannabis law
Activists in Utah plan to drop a lawsuit challenging the state Legislature’s action to replace a citizen ballot initiative to legalize medical marijuana with a more restrictive measure. Together for…
News September 14
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