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Aurora shifts to survival mode with CEO change, guide down on earnings and plan to attain positive EBITDA
It was a day of big moves for Canadian cannabis giant Aurora. The company announced: • A new CEO and the retirement of Terry Booth. • An enormous current miss…
News February 6
Rhode Island governor wins battle over medical cannabis rules
Rhode Island Gov. Gina Raimondo signed into law a bill repealing lawmakers’ ability to veto medical marijuana and hemp regulations. The Democratic governor also said she is ending her lawsuit…
News February 6
Boston’s first adult-use marijuana retailer could open in March
Massachusetts regulators on Thursday approved a business license for the first recreational cannabis store in Boston. The approval means Pure Oasis could open in about a month in Boston’s Dorcester…
News February 6
Washington state lifts ban on flavored cannabis vape products
Washington state stores can begin selling flavored vaping products as early as Friday, including those with THC vape products, after lawmakers amended legislation calling for a permanent ban.
News February 6
Aurora announces CEO Booth’s departure, layoffs and up to CA$1 billion in write-downs
Terry Booth has resigned as chief executive of Aurora Cannabis, the Canadian multinational marijuana company he helped build from the ground up over the past seven years.
News February 6
Maine enlists Metrc as state’s marijuana traceability provider
Maine regulators on Thursday entered a six-year contract for Florida-based Metrc to provide the state with a marijuana seed-to-sale tracking system. Metrc replaces BioTrackTHC, a subsidiary of Colorado-based Helix, after BioTrackTHC…
News February 6
Massachusetts advances bill to better regulate cannabis company fees
The oversight of payments that Massachusetts marijuana companies make to the municipalities in which they do business would be tightened under a bill approved Wednesday by the state’s House of Representatives. The…
News February 6
Portland, Oregon, marijuana program needs work, report says
Portland, Oregon’s cannabis program needs to improve a wide range of “management fundamentals” as well as continue to work on issues such as social equity and conservation, according to a city…
News February 6
Potential business carnage coming for California marijuana industry, but stability might emerge after that, experts say
Many California cannabis industry watchers are predicting more company failures, more businesses going into court-appointed receivership because federal bankruptcy protections aren't an option, and more industry exits in general.
News February 6
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