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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
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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
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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
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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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The art of attracting mainstream executives to helm cannabis businesses

One doesn't have to look much further than marijuana hiring managers to realize just how much acceptance legal cannabis businesses have gained among executives at mainstream companies.

News April 26
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Week in Review: Federal cannabis aid, California social equity, Brazil medical marijuana & more

Marijuana lobbyists and a group of lawmakers are continuing their fight to include cannabis-related businesses in coronavirus relief packages. MJBizDaily takeaway: The marijuana industry is a significant contributor to state economies…

News April 25
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Ohio allowing phone orders, curbside pickup at medical cannabis stores

Ohio regulators are temporarily changing the state’s medical marijuana rules to give MMJ patients easier access to products during the coronavirus pandemic – a move that could increase sales at dispensaries.…

News April 24
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Arkansas medical marijuana consumers are buying in Oklahoma

Arkansas has been losing medical cannabis sales across the border because of lower prices in Oklahoma. Prices are about half as much in Oklahoma for similar-quality products as in Arkansas, according…

News April 24
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Australia moves toward over-the-counter CBD sales

Australia has published a framework for new CBD regulations as it considers relaxing its narcotics scheduling of cannabidiol to make it available over the counter in limited doses.

News April 24
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