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Caregiver firms sue Maine for allowing out-of-state cannabis business owners

October 21st, 2020Two small marijuana caregiver businesses in Maine are suing seven recreational cannabis companies and state regulators in a federal lawsuit that claims some adult-use MJ firms have owners from out of state. Maine’s cannabis regulations say business owners must have filed state income taxes and live in Maine for four years, the Bangor Daily News […]

Before election, focus on fundamentals, not emotions, in cannabis investing

October 21st, 2020Since we last looked at the performance of U.S. and Canadian operators on July 10, publicly traded cannabis companies have seen some interesting stock price trends as candidates running for the top offices in the U.S. take positions on marijuana reform. For a week in October, sentiment improved and cannabis stocks rallied on four words […]

Canadian cannabis sales grow to nearly CA$245 million in August

October 21st, 2020Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2.9 billion. Statistics Canada’s retail trade data for August tracked sales in all 10 provinces, plus the […]

Flowr to buy Terrace Global amid tepid cannabis M&A market

October 21st, 2020Toronto-based cannabis producer The Flowr Corp. entered into a definitive agreement to acquire Terrace Global, a Canadian company focused on the development of international marijuana assets. The all-share transaction, expected to close by the end of the year, is worth about 63 million Canadian dollars ($48 million), Flowr said in a news release. Flowr CEO […]

Massachusetts to limit number of cannabis delivery licenses

October 20th, 2020Marijuana regulators in Massachusetts decided Tuesday to restrict the number of recreational cannabis delivery licenses and rejected a plan to delay delivery until 2023. According to the State House News Service, the Massachusetts Cannabis Control Commission agreed to allow one business to own up to two delivery licenses – either two marijuana delivery courier licenses, […]

Harborside acquires San Francisco social equity marijuana retailer

October 20th, 2020Oakland, California-based Harborside said it acquired a majority stake in FGW Haight, a company that in June was awarded a conditional-use permit for a retail marijuana shop in San Francisco. Under the terms of the deal, Harborside will receive 50.1% equity in the company in a combined cash-and-stock transaction totaling $2.1 million, with $1.2 million […]

Applications open to supply France with free medical cannabis via pilot program

October 20th, 2020The French Minister of Solidarity and Health has signed a lengthy decree specifying how a small-scale pilot program will be supplied with medical cannabis that ultimately will be given to patients free of charge. That decree, signed Friday, was followed by the Agency for the Safety of Medicines and Health Products (ANSM) publishing the application process […]

Join H&T Presspart’s ‘Revolutionising Medical Cannabis Drug Delivery’ webinar

October 20th, 2020H&T Presspart alongside Concept Global 1, will host a webinar introducing participants to metered-dose devices (MDDs) as an effective and safe form of oral respiratory drug delivery for the Cannabis & CBD market. The webinar will take place on the 19th November 2020 at 4pm GMT / 11am EDT/. The webinar entitled ‘Revolutionising Medical Cannabis […]

Canada’s Vivo Cannabis cuts jobs in push for positive cash flow

October 20th, 2020Toronto-based cannabis producer Vivo Cannabis is cutting 18% of its workforce, selling unspecified assets and tweaking its leadership team as part of an effort to cut costs and achieve positive cash flow. Vivo owns two Canadian cannabis license holders: ABcann Medicinals, which has two production facilities in Napanee, Ontario, and Canna Farms in Hope, British […]

Virginia’s limited medical marijuana program launches

October 19th, 2020Virginia’s first medical cannabis dispensary opened Saturday morning in a limited market projected to reach only around $10 million in sales in 2021. Virginia became the 33rd state to launch an MMJ program, an hour before Missouri started sales. Virginia-based Dharma Pharmaceuticals opened its dispensary in Bristol by appointment only, according to a company news […]

Cannabis company Acreage repays 60%-interest loan

October 19th, 2020How much is a New Jersey medical marijuana license worth, with the potential of leveraging that into an adult-use permit in the near future? For New York-based marijuana multistate operator Acreage Holdings, it was worth paying $3 million in interest for four months. Acreage said Monday it has paid about $18 million to retire a $15 […]

UFCW unionizes California marijuana delivery company

October 19th, 2020Employees at Stachs, a cannabis delivery operator in the Northern California towns of Clearlake and Cotati, ratified a three-year contract with the United Food and Commercial Workers Union (UFCW). UFCW unionizes California marijuana delivery company is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs