Canada Canada Revenue Agency Canada/International canceled cannabis licenses Chrystia Freeland cultivation Legal New Brunswick recreational Stewart Farms unpaid cannabis excise tax

Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar

The number of canceled cannabis business licenses have soared alongside the amount of “uncollectable” excise tax in Canada.
Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar is a post from: MJBizDaily: Financial, Legal & C…

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Germany’s new law legalizing limited adult-use cannabis market now in force

Germany’s cannabis law took effect Monday, making it the second Group of Seven country to legalize and regulate adult-use cannabis nationally.
Germany’s new law legalizing limited adult-use cannabis market now in force is a post from: MJBizDaily:…

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Growing Colombia cannabis exports reach $10.8 million as government extends sell-by dates

Colombia’s medical cannabis exports continued to grow last year, although sales still haven’t reached the level that the country’s operators envisioned.
Growing Colombia cannabis exports reach $10.8 million as government extends sell-by dates is a post…

Briefs Canada Canada/International cultivation finance recreational Rubicon Organics

Cannabis producer Rubicon reports quarterly profit of nearly CA$900,000

Rubicon Organics reported a modest profit of 889,166 Canadian dollars ($656,000) in its fourth quarter ended Dec. 31, 2023, but the Canadian cannabis producer’s loss for the fiscal year amounted to CA$1.1 million.
Cannabis producer Rubicon reports quar…

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Ontario eyes CA$600 million cannabis windfall, pledges online crackdown

Ontario’s provincial government is budgeting for a record windfall of more than 600 million Canadian dollars ($442 million) in the next fiscal year from cannabis wholesale profits and its portion of the federal excise tax.
Ontario eyes CA$600 million c…

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Republican senators oppose marijuana rescheduling based on global treaties

Moving marijuana to Schedule 3 of the Controlled Substances Act, as Biden administration health officials have recommended, violates U.S. promises to other countries.
Republican senators oppose marijuana rescheduling based on global treaties is a post …

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Canadian cannabis producer Organigram enters US, plans CA$25 million raise

Canadian cannabis producer Organigram enters US, plans CA$25 million raise is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Auxly Cannabis Group Briefs Canada cultivation finance international Legal recreational

Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss

Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant doubt” over the company’s ability to continue as a “going concern.”
Auxly auditor flags ‘going concern’ risk as cannab…

Auxly Cannabis Group Briefs Canada cultivation finance international Legal recreational

Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss

Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant doubt” over the company’s ability to continue as a “going concern.”
Auxly auditor flags ‘going concern’ risk as cannab…