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Chart: US wholesale cannabis prices end 2019 firm, then fluctuate in first four months of 2020
Wholesale cannabis prices ended 2019 on a strong note across the United States – good news for growers after a brutal 2018 – but the first four months of 2020…
News April 28
Cresco Labs nixes $282.5 million acquisition of marijuana firm Tryke
In another sign that underscores the financial hesitancy hitting the national cannabis industry, Chicago-based Cresco Labs said Monday it’s pulling out of a previously agreed-upon acquisition of Tryke Cos., a vertically…
News April 27
Class action lawsuits on rise against public cannabis firms, report says
Federal class action securities lawsuits against publicly traded marijuana businesses doubled from 2018 to 2019, a trend that’s typical in an emerging industry, according to a new report. The report,…
News April 27
German imports of medical cannabis show little growth in early 2020
Germany imported 1,032 kilograms (2,275 pounds) of medical cannabis flower for pharmacy dispensing through March 6, an amount that indicates little if any growth versus the average cannabis imported in…
News April 27
Sweeping Weedmaps subpoena underscores US government’s continued scrutiny of marijuana industry
When the U.S. marijuana industry learned of a federal grand jury subpoena served to Weedmaps owner Ghost Management Group, the news was an eye-opener for many in the business.
News April 27
Canadian bank slashes cannabis sales forecast to CA$2.5 billion for 2020
One of Canada’s largest banks trimmed almost a billion dollars off its 2020 forecast for adult-use cannabis sales, mostly because of issues arising from a slow rollout of regulated stores in…
News April 27
Marijuana tech firm Omura raises $5 million, adds Linton as adviser
California-based Omura, a marijuana and hemp flower vaporizer company, raised $5 million, with a portion of the funding coming from Bruce Linton, former CEO and founder of Canada’s Canopy Growth…
News April 27
Marijuana firm iAnthus’ CEO steps down after investigation into undisclosed personal loans
Hadley Ford resigned as CEO and a director of multistate cannabis operator iAnthus Capital Holdings after a company investigation found he failed to disclose two loans totaling $160,000 in what…
News April 27
California Marijuana Notebook: Despite media reports, it’s not ‘boom times’ for everyone in state’s cannabis industry
Over the past month, a slew of media stories focused on the sales spike the marijuana industry experienced in mid-March, as the coronavirus crisis took hold across the U.S. and panic…
News April 27
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