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Why cannabinoid bans fail, and what the federal hemp THC ban extension actually gave operators
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Washington state to allow social equity applicants exclusive access to revoked cannabis licenses
Social equity applicants for marijuana businesses in Washington state will be able to apply exclusively for a number of revoked cannabis retail licenses after legislators passed a law Tuesday aimed…
News March 11
South Dakota tribe votes to legalize cannabis on reservation
Members of an American Indian tribe in South Dakota voted to legalize medical and recreational marijuana on their reservation, according to preliminary results from the Oglala Sioux’s election commission. The…
News March 11
Marijuana firm TGOD books loss of CA$145 million, has seven weeks of funds left
Mississauga, Ontario-based marijuana company Green Organic Dutchman’s net loss ballooned to 145 million Canadian dollars ($105 million) for the final three months of 2019 on impairment charges of CA$127.7 million.…
News March 11
Germany launches application process for distribution of domestically produced cannabis flower
Germany is looking for a distributor to service the government’s cannabis agency. The winning company will be responsible for shipping all domestically produced medical cannabis flower to pharmacies. The requirements…
News March 11
California legislative roundup: Are tax shifts on the way for the state’s cannabis industry?
The 2020 California legislative session began in January, and marijuana industry insiders say what happens by time it concludes could be make-or-break for the state’s legal MJ industry as it deals…
News March 11
Maine marijuana unit would target illegal market
A proposed new division of the Maine Drug Enforcement agency would focus on shutting down the illicit marijuana market that competes with state-licensed MJ growers, processors and retailers. The four-person…
News March 10Comp Tables as of March 9, 2020: Stocks drop 22% on average, compressing multiples further
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 10
Cannabis edibles maker Wana Brands expands into Canada
One of the largest U.S. edibles makers, Colorado-based Wana Brands, has expanded into the Canadian market through a license agreement with Indiva. Under terms of the agreement, London, Ontario-based Indiva…
News March 10
Marijuana firm Vireo Health raises CA$10.5 million
Bruce Linton, the high-profile executive chairman of multi-state cannabis operator Vireo Health, invested $1 million in the Minneapolis-based company through a private placement stock offering that he organized. Linton, who was…
News March 10
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