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Beleave joins growing list of Canadian cannabis insolvencies
Beleave has become the latest in a wave of Canadian cannabis companies seeking creditor protection. The Toronto-based company will apply for a creditor protection order from the Ontario Superior Court…
News June 5
Aurora Cannabis unloading Alcanna stake for CA$110M less than it paid
Aurora Cannabis is disposing of another investment for a large loss. The Alberta company said it is unloading its 23% stake in Alcanna, one of the largest retailers of alcohol…
News June 5
Burglary-related losses total millions as cannabis companies pick up the pieces; insurance coverage unclear
The financial toll inflicted on the legal marijuana industry by dozens of burglaries and looting since last weekend is easily stretching into the millions of dollars, leaving some businesses unsure…
News June 5
Canada’s haul from cannabis tax reaches CA$32 million
The federal portion of Canada’s cannabis excise duty amounted to 32 million Canadian dollars ($23.7 million) from April 2019 through March 2020, according to new figures from the country’s finance…
News June 4
Iowa lawmakers boost THC cap; medical cannabis sales might increase
The Iowa Legislature passed a medical cannabis bill that would increase the THC cap, which could boost sales in the heavily regulated, roughly $5 million-a-year market. The provision is a…
News June 4
Considering offering marijuana delivery? A pro offers some tips
Cannabis sales through deliveries are a growing share of the overall marijuana market, a trend that has been accelerated by the COVID-19 crisis. Expect deliveries to remain popular in the…
News June 4
California looting spurs regulators to remove online cannabis licensing info
In response to recent looting of California cannabis retailers, at least two of the three agencies that oversee the state's marijuana industry have removed from public view their online databases…
News June 4
Election might have boosted NM adult-use marijuana legalization hopes
The prospects for recreational cannabis legalization in New Mexico appear brighter after two key conservative Democratic state Senate leaders lost primary elections this week. Senate President Mary Kay Papen and…
News June 4
Top executives from marijuana MSOs detail their favorite state cannabis markets and their plans going forward
A few years ago, many marijuana companies wanted to branch out into as many U.S. state markets as possible. But since the 2019 collapse of cannabis stocks and the retreat…
News June 4
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