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What Curaleaf’s hostile takeover bid for Aurora Cannabis is really about
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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
Massachusetts cannabis company to dump $2.6 million worth of vape pens
Massachusetts-based marijuana business Temescal Wellness plans to destroy more than 40,000 vape cartridges, worth $2.6 million, that have sat unused after the state temporarily banned marijuana vaping during the 2019…
News August 18
Inventory growth of Canadian cannabis edibles/beverages far outpaces sales
Packaged inventory of cannabis edibles in Canada has increased much faster than sales in recent months, according to fresh data from the country’s federal health department. Federal license holders, provincial…
News August 18
General Counsel Miyashita supplants Leslie as CEO at marijuana firm Leafly
Online marijuana news site, dispensary finder and information resource Leafly appointed a new CEO to replace its current chief, Tim Leslie, who spent less than a year and a half…
News August 18
Chart: Adult-use cannabis sales remain steady even as unemployment bonus ends
Though the U.S. government’s temporary lifeline to tens of millions of unemployed workers expired, sales of recreational marijuana products have proved resilient. The $600-a-week unemployment benefit ended July 31, and…
News August 18
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