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Cansativa chosen as sole distributor of German-grown cannabis
Mörfelden-Walldorf-based Cansativa won the German distribution tender, becoming the sole distributor of all cannabis that will be grown in Germany for medical purposes during the next four years, the company…
News August 20
Scant minority ownership in Nevada’s cannabis industry, spurring calls for social equity reform
Minority ownership of cannabis businesses in Nevada is rare, and there are few signs that situation is likely to change anytime soon.
News August 20
Florida medical cannabis company told to recall moldy flower
Medical marijuana company Alpha Foliage, which does business in Florida as Surterra Wellness, was ordered to recall flower that contained high levels of mold. According to the News Service of…
News August 19
Court refuses to reject suit challenging marijuana’s listing as Schedule 1 drug
A lawsuit challenging marijuana’s federal classification as a Schedule 1 drug under the Controlled Substances Act remains alive after a federal appeals court denied the U.S. Drug Enforcement Administration’s request…
News August 19
Second lawsuit targets OK residency requirement for cannabis businesses
A marijuana company based in Washington state filed a federal lawsuit against Oklahoma in an attempt to overturn the state’s two-year residency requirement under which nonresidents can own only up…
News August 19
New Zealand cannabis company granted license, plans stock listing
Tairawhiti, New Zealand-based Rua Bioscience has received a commercial license to grow and supply cannabis-derived medicines, and is planning an initial public offering to list its shares on New Zealand’s…
News August 19
Canada accused of cannabis ‘protectionism’ by blocking imports – even as exports soar
The Canadian government is being accused of insulating domestic cannabis producers against foreign competition by not allowing imports of medical marijuana. And at least one foreign government plans to make…
News August 19
US marijuana companies outperform Canada’s to erase discount in second-quarter earnings season
The stocks of U.S.-focused operators have rallied while Canada-focused operators have underperformed in the second-quarter earnings season, closing the valuation gap on enterprise value-to-2021 sales. The rally in the United…
News August 19
Marijuana technology company Dutchie nets $35 million in capital raise
Oregon-based Dutchie, an online ordering platform for cannabis retailers, raised $35 million from a group of investors that include rapper Snoop Dogg's Casa Verde Capital, NBA star Kevin Durant's Thirty…
News August 18
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