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Manitoba to open cannabis store market ‘to all prospective retailers’
Manitoba will soon begin taking applications for new cannabis store licenses, opening up the recreational marijuana market in the central Canadian province to all comers. Applications will be accepted starting…
News May 25
Why some cannabis executives are refocusing their M&A goals
Thanks to a drop in business valuations and difficulties obtaining capital, mergers and acquisitions in the marijuana sector are happening much slower than they did as recently as 2018.
News May 24
Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more
Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or telephone orders. MJBizDaily takeaway: This ends an expensive…
News May 23
Webinar to look at product preferences among marijuana consumers
Product preferences among cannabis consumers across the country will be the focus of a free webinar that Marijuana Business Daily is presenting Tuesday, May 26. MJBizDaily‘s data editor, Eli McVey…
News May 22
Canadian cannabis sales surged in March amid COVID-19, data shows
Retail sales of regulated cannabis in Canada soared in March, growing 19% on a monthly basis to a record 181 million Canadian dollars ($129 million). The March retail sales figures…
News May 22
Jamaica plans to maintain ‘functional’ cannabis market amid pandemic
Jamaica published details about the “Business Continuity Plan” it has implemented to maintain a functional and expanding cannabis industry amid the COVID-19 pandemic. Part of the plan involves the Cannabis…
News May 22
Signs point to possible illicit cannabis activity in L.A. blast, report says
The Los Angeles Fire Department has launched a review of all smoke and vape shops in the city to ensure they’re storing explosive materials correctly after a recent explosion at Smoke…
News May 22
How US cannabis growers are keeping a tight lid on costs as recession looms
As the coronavirus pandemic plunges the U.S. economy into a sharp downturn, cannabis cultivators are managing finances by rethinking capital improvements and finding any area possible to lower costs. Although demand…
News May 22
Marijuana MSO Harvest announces layoffs, other pivots in $24M cost-cutting
Arizona-based multistate cannabis operator Harvest Health & Recreation revealed that it recently cut $24 million in expenditures - including laying off an undisclosed number of workers - in an effort…
News May 21
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