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Why cannabinoid bans fail, and what the federal hemp THC ban extension actually gave operators
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Massachusetts marijuana bribery trial delayed because of COVID-19
The trial of a former Massachusetts mayor charged with extorting hundreds of thousands of dollars from prospective marijuana businesses has been delayed until September because of the coronavirus pandemic. The…
News April 7
Advocates say cannabis multistate operators lag on social equity leadership, but opportunity remains
The U.S. cannabis industry's record on social equity is patchy at best, and it is the large multistate operators who have generally failed so far to take significant leadership on…
News April 7
New Zealand commences medical cannabis scheme
Key guidance material and forms for New Zealand’s medical cannabis program have been published, and the Medicinal Cannabis Agency says it is ready to accept business applications. “The Medicinal Cannabis…
News April 7
Cannabis firm iAnthus defaults on interest payments, probes CEO
Multistate marijuana operator iAnthus, partially blaming the coronavirus, said it is unable to meet interest obligations totaling $4.4 million on $157.5 million in debt.
News April 7
Organigram temporarily lays off 400 workers due to COVID-19
New Brunswick-based cannabis cultivator Organigram Holdings has temporarily laid off roughly 400 employees as a result of the COVID-19 pandemic, the company announced late Monday.
News April 7
Marijuana giant Green Thumb’s president steps down
Armen Yemenidjian resigned as president of multistate cannabis operator Green Thumb Industries.
News April 7
Number of Danish medical cannabis consumers plummets on CannTrust suspension
The number of patients accessing Denmark’s medical cannabis pilot program nearly halved in the third quarter of 2019, largely because of supply interruptions related to Canadian producer CannTrust’s regulatory misconduct.…
News April 7
Chart: Coronavirus takes its toll on March adult-use marijuana sales
Recreational marijuana sales in four key markets decelerated in March as the COVID-19 crisis continues to disrupt both the cannabis industry and the broader U.S. economy. According to point-of-sale data…
News April 7
MJBizDaily cannabis investor webinar on tap Tuesday
The clock is ticking to register for Marijuana Business Daily’s Investor Intelligence webinar, “State of the Industry and 2020 Trends,” which is scheduled for 1 p.m. ET/10 a.m. PT on…
News April 6
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