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…
Canada
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…
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 …
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 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 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…
Organigram ‘assessing options’ after unfavorable ruling on cannabis edibles
Health Canada has concluded that Organigram Holdings’ Edison Jolts lozenge cannabis products should be classified as edibles rather than extracts.
Organigram ‘assessing options’ after unfavorable ruling on cannabis edibles is a post from: M…
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire
Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire is a po…
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire
Canadian operator Decibel Cannabis Co. is selling its Prairie Records marijuana retail stores to retail operator Fika for roughly 3 million Canadian dollars ($2.2 million).
Decibel selling Prairie Records marijuana stores to Fika; CEO to retire is a po…
Tax reforms, pharmacy sales among Canada’s cannabis law review recommendations
A government-appointed panel of experts analyzing Canada’s adult-use legalization law, the Cannabis Act, has recommended the country enable pharmacy access for medical marijuana and reconsider how excise tax is applied to recreational products
Tax refo…