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Struggling marijuana firm iAnthus plans restructuring deal, recapitalization
Multistate cannabis grower and retailer iAnthus Capital Holdings announced a restructuring support deal with a recapitalization component, giving the company an opportunity to reduce its outstanding debt.
News July 14
Chart: Retail cannabis sales surpass NBA revenue, approach prescription pain meds
With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total…
News July 14
Hawaii medical cannabis sales poised for lift as edibles bill passes
Hawaii lawmakers passed a bill allowing medical marijuana edibles, a move that could significantly boost the roughly $16 million-$20 million-a-year market. The legislation has been sent to the desk of…
News July 14
Cannabis extract manufacturers face new guidelines in German document
A new monograph from German health regulators that defines cannabis extracts (Cannabis extractum normatum) might require companies currently selling or planning to peddle these products in Germany to adapt their…
News July 14
Here are seven ways marijuana businesses can survive an IRS audit
Cannabis companies should expect an uptick in IRS audits. A recent report by the Treasury Inspector General for Tax Administration puts a target on marijuana.
News July 14
NACB drawing up marijuana social equity advice for state regulators
One of the cannabis industry’s only self-regulatory standards organizations is creating social equity recommendations for state rulemakers. The goal of the National Association of Cannabis Businesses, based in Washington DC,…
News July 13
Multiple states continue to post record-breaking cannabis sales numbers
Colorado, Illinois and Oregon have all maintained record-breaking sales numbers in recent months despite the coronavirus and the recession. In Colorado, medical and adult-use marijuana shops sold more than $192…
News July 13
Cannabis firm Canopy Growth cuts 30 at Ontario headquarters
Canopy Growth Corp. laid off another 30 employees as part of its corporate restructuring, the company confirmed to Marijuana Business Daily. The job losses at Canopy’s Smiths Falls, Ontario, headquarters…
News July 13
Canada’s Northwest Territories cuts cannabis prices to fight illegal market
Cannabis regulators in Canada’s Northwest Territories (NWT) reduced prices of legal marijuana products by 10% in an effort to eliminate illicit marijuana sales. The price cuts, which took effect July…
News July 13
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