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Two years in, California’s legal marijuana businesses struggle with financial woes as they battle illicit market

Licensed California cannabis companies face a business climate that's arguably more dire than ever before, despite the hope that came with the launch of legalized adult-use sales in January 2018.

News January 23
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German pharmacies have new pharmaceutical CBD supplier

The medical cannabidiol market is becoming more competitive in Germany, as 2020 kicks off with one new CBD option that pharmacists can dispense to patients. A Cologne, Germany-based distributor of…

News January 22
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S&P, Toronto Stock Exchange launch cannabis indices

Two indices tracking the performance of cannabis companies on North America's largest stock exchanges have launched in recent months, demonstrating a growing level of mainstream interest in the burgeoning industry.

News January 22
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US House lawmakers make marijuana banking reform pitch to key senator

The four lead sponsors of the successful cannabis banking bill in the U.S. House of Representatives are urging the chair of a key U.S. Senate panel to work in partnership…

News January 22
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Illinois adult-use cannabis stores might face more shortages

Recreational marijuana sales in Illinois could be hurt by a surge in medical cannabis applications with the Jan. 1 launch of adult-use sales. More than 2,570 people applied for medical marijuana…

News January 22
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US federal cannabis reform outlook: Progress expected in 2020, but distractions, high hurdles persist

President Trump’s impeachment trial, the upcoming elections, Iran and trade wars. That's a lot of distractions for federal lawmakers, and they represent some of the big reasons why many experts…

News January 22
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$50 million for Harvest to exit Falcon deal?

The dispute between Harvest Health & Recreation and Falcon International over a failed deal continues to heat up, with Harvest now apparently fighting over a $50 million breakup fee and…

News January 21
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Comp tables as of Jan. 20: Multiples continue to expand

These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.

News January 21
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Aurora Cannabis offshoot Australis Capital announces CFO departure

Australis Capital, an investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti. In a brief news release issued after market close on…

News January 21
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