Australia’s Department of Health, preparing to overhaul its medical cannabis regulations, is poised to require that all products imported into the country’s small but growing market be produced in accordance with Good Manufacturing Practice (GMP).
Organigram is among a handful of large Canadian cannabis producers that managed to take more overall share of Canada’s cannabis market in 2021 via nondilutive organic sales growth.
How did the Moncton, New Brunswick-based licensed producer do it?
Now that the new year is here, cannabis industry executives can expect to face a crosscurrent of trends in 2022.
Marijuana merger and acquisition activity proceeded at a torrid pace in 2021 – and could accelerate in 2022 – thanks to lower interest costs and pressure on larger companies to expand their footprints and boost revenue.
With an ongoing pandemic, a new president and Congress and five new state cannabis markets worth a collective $5 billion, 2021 has been a year like no other for the cannabis industry.
Here’s a look back at MJBizDaily’s 10 most-read cannabis business stories of 2021.
Auxly Cannabis gained more share of Canada’s recreational marijuana market than any of its competitors in 2021, and the Toronto-based licensed producer has its sights set on even more.
Two Florida residents face charges related to their participation in an alleged insider trading scheme that generated roughly $4 million in profits in 2019, including approximately $2.2 million from trades of then-Canadian cannabis producer Aphria.
Maltese lawmakers approved a landmark bill that decriminalizes some quantities of recreational cannabis, regulates home cultivation and permits nonprofit cannabis clubs in the European Union country.
Pure Sunfarms knew the time would come when the British Columbia-based producer would need to expand cultivation at its massive cannabis greenhouse, even as some competitors were closing and selling facilities for pennies on the dollar.
In an interview with MJBizDaily, CEO Mandesh Dosanjh explained why that time is now.
Bill Newlands, CEO of Canopy Growth benefactor Constellation Brands, resigned from the board of directors of the struggling Canadian cannabis producer last week, according to a regulatory filing dated Nov. 29.
Most of the top publicly held marijuana multistate operators posted single-digit revenue gains in the quarter ended Sept. 30, slowing from the sizzling double-digit growth in the previous quarter.
Toronto has seen almost 12 cannabis stores open per month on average since the beginning of 2021, bringing the total number in the city to more than 200 as of September, doubling the number at the start of the year.
