aurora cannabis

Polish authorities detain cannabis industry executive and regulator

A cannabis industry executive and a Polish government official in charge of the office responsible for registering medical products were detained by the Central Anti-Corruption Bureau (CBA), the government office communicated Friday. The two individuals were detained in a restaurant after allegedly concluding an agreement to “arrange” the registration of a medical cannabis product. CBA […]

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Aurora Cannabis committed to German cultivation despite fresh European cuts

Alberta, Canada-based Aurora Cannabis is downsizing its workforce in Europe, but the company says it remains committed to producing medical marijuana in both Denmark and Germany, Marijuana Business Daily has confirmed. The struggling Canadian producer is consolidating “select” corporate offices and pledges to fulfill current European sales agreements from its “existing Aurora Europe offices in Berlin,” Yvonne […]

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‘Cannabis visionary’ Booth stepping down from board, Aurora says

Aurora Cannabis co-founder Terry Booth has left the company’s board of directors, months after stepping down as chief executive. Aurora made the announcement Monday in a brief news release that described Booth’s departure from the board as a “retirement.” “As one of the original cannabis visionaries, Terry leaves an enviable legacy in the form of […]

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Insurance-covered reimbursements for medical cannabis sets record in Germany

Insurance reimbursements for medical cannabis in Germany continue to reach fresh quarterly records, according to new data for the January-March period. In the first quarter of 2020, total reimbursement of cannabis and marijuana-related medicines reached 38.9 million euros ($43.7 million), the German National Association of Statutory Health Insurance Funds (GKV-Spitzenverband) reported. That is 6% higher […]

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Aurora Cannabis president stepping down this month

The president of Aurora Cannabis, Steve Dobler, is retiring from the company he helped create seven years ago. Dobler’s retirement from the Alberta cannabis producer is effective June 30, Aurora said in a press release. Dobler has been president of Aurora and a member of the company’s board since 2014. He co-founded the company in […]

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As marijuana class action lawsuits surge, experts stress accurate, forthright disclosures

Class action lawsuits against cannabis companies are rising, driven by industry growth, stock price volatility, regulatory uncertainties and preventable mistakes by the companies themselves. The trend shows little sign of abating in the short term, but marijuana companies can reduce their exposure by being more transparent and forthright when disclosing their financials, potential of their […]

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