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COVID-19 might delay Maine’s adult-use cannabis launch beyond June
The long-awaited launch of Maine’s recreational marijuana market could be delayed further because of the coronavirus, according to a memo from state regulators. Earlier this month, a state agency projected that…
News March 25
Australian Senate committee issues report on medical cannabis barriers
An Australian Senate committee wrapped up its inquiry on barriers to regulated medical cannabis and published its final report this week. Any improvements to regulatory overlap and availability pathways to…
News March 25Comp tables as of March 23, 2020: Multiples bottom at reasonable valuations
Average trading multiples for U.S.-focused operators compressed this week, while Canada-focused operators still trade at a premium on sales compared to U.S. operators, despite a smaller market and lower margins.
News March 25
Florida, Oklahoma classify medical marijuana stores as ‘essential’
Count Florida and Oklahoma among the states in which medical marijuana dispensaries are considered “essential” businesses that can remain open during the coronavirus pandemic. A Florida statute considers medical cannabis dispensaries in the…
News March 25
Quebec cannabis stores ruled ‘priority enterprises’; suppliers to stay open
Quebec's government-owned cannabis stores are “priority enterprises,” and businesses producing raw materials for the stores must maintain their activities in accordance with the directives of public health authorities.
News March 25
Marijuana retailers using drive-thru service to help limit contact with customers amid coronavirus
Some cannabis businesses are closing their doors – by choice or order – and they’re relying more on drive-thru windows as a way to better serve customers and avoid spreading coronavirus.…
News March 25
What Canadian cannabis firms got wrong and their path forward: Q&A with former Bacardi exec Rob McPherson
Large Canadian cannabis producers and their financial backers got a lot wrong in the lead-up to legalization. And not much has changed. Instead of focusing on consumer segmentation and proving…
News March 25
In letter to cannabis producers, Health Canada pledges ‘limited inspections’ amid COVID-19 crisis
Canadian cannabis license holders received new guidance from Health Canada on Tuesday, detailing the federal health department's approach to regulating the marijuana industry during the COVID-19 crisis.
News March 24
Is marijuana ‘recession-proof?’ Industry experts say yes – to a point – and alcohol might be a guide
The legal cannabis industry appears poised to enter uncharted waters: an economy engulfed by a full-fledged recession. The coronavirus is inflicting severe damage to the world economy, raising the specter…
News March 24
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