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German insurer paints picture of nation’s growing medical cannabis industry
Applications for reimbursement of medical cannabis expenses by Germany’s second-largest health insurer doubled from 2017 to 2019, signaling robust growth in the use of the drug. Flower remained one of the…
News February 11
Alberta set to roll out recreational cannabis vapes ‘in next couple of weeks’
Alberta has notified its 416 adult-use cannabis retailers they will be able to order vape products from the provincial wholesaler as early as this week, opening the door to sales within…
News February 11
Weedmaps cracking down on illicit Michigan marijuana ads
Online cannabis advertising giant Weedmaps has stopped accepting ads from Michigan marijuana companies that can’t show proof they have valid state business license numbers. California-based Weedmaps also is allowing users to “flag”…
News February 11Comp tables as of Feb. 10: Estimates and multiples drop
Average trading multiples for U.S.-focused operators are 2.5X 2020 sales and 12.5X 2020 EBITDA, down from last week’s 2.6X and 13.4X, respectively. The big changes are that consensus revenue expectations…
News February 11
Berlin-based Sanity raises $22 million in Europe’s ‘largest cannabis financing round’
Sanity Group, a medical cannabis and wellness company headquartered in Berlin, has completed what it is calling the largest round of cannabis financing in Europe to date. The round was led by…
News February 11
Chart: Arizona’s medical marijuana market marches forward in 2019 with more patients, higher sales
Continual, steady growth has characterized Arizona’s medical marijuana market for the past few years, and 2019 was no exception.
News February 11
Acreage acknowledges MA cannabis contracts may violate state law
Acreage Holdings, one of the largest multistate cannabis operators in the U.S., appears ready to rewrite contracts with two MJ license applicants in Massachusetts in order to avoid violating a…
News February 10
Maine looks to protect marijuana firms’ intellectual property
In a move to protect marijuana business owners’ trade secrets and other proprietary information from competitors, Maine lawmakers plan to consider a proposal from state regulators to exempt that type of…
News February 10
Florida Cannabis Market Update: Trulieve recovers market share
Over the past few weeks, data released by Florida showed that Trulieve was selling far fewer milligrams of CBD per week.
News February 10
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