The World Health Organization’s cannabis scheduling recommendations appeared to have limited support at a United Nations Commission on Narcotic Drugs (CND) “intersessional” meeting on Thursday in Vienna. That means the proposals still face an uphill ba…
Canadian Medical Marijuana & Cannabis Industry News
Aphria joins crowded German cannabis flower market, sales to start in ‘weeks’
Canadian cannabis producer Aphria is joining the increasingly competitive German medical marijuana flower market. The company completed its first shipment of dried flower to its wholly-owned German subsidiary, CC Pharma GmbH, the company disclosed this…
German pharmaceutical firm Stada signs medical marijuana supply deal
German pharmaceutical company Stada has signed a medical cannabis supply agreement with Barrie, Ontario-headquartered MediPharm Labs, the Canadian company said. The exclusive partnership, announced Monday, calls on MediPharm to supply Good Manufacturin…
Cannabis edibles maker Bhang settles potency lawsuit
A settlement has been reached in a lawsuit against infused products manufacturer Bhang Corp. for allegedly misrepresenting the THC and CBD content of its chocolate products and breaching consumer-protection laws in California.
Cannabis edibles maker Bh…
Cannabis NB posts CA$3.3 million quarterly profit as privatization review continues
Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, has posted a third consecutive positive quarter with profits of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a delayed government…
Aurora Cannabis execs saw raises, bonuses despite multibillion-dollar loss
Top Aurora Cannabis executives were rewarded with millions of dollars in bonuses and raises for the fiscal year ended June 30, the company disclosed, despite mass layoffs and a loss exceeding 3 billion Canadian dollars ($2.3 billion). The Alberta-based…
Ontario government cannabis prices beating illicit market, report says
Ontario’s government-operated Ontario Cannabis Store (OCS) claims it is undercutting illicit marijuana prices with an average price of 7.05 Canadian dollars ($5.30) per gram of dried flower, taxes included, during its first fiscal quarter. In com…
Canadian court rejects cannabis firm iAnthus’ restructuring plan for now
Troubled multistate marijuana operator iAnthus Capital Holdings said a deadline to reach a restructuring and recapitalization deal has been extended after a Canadian court declined to approve a plan of arrangement for the reorganization. At issue is a …
Ontario cuts into cannabis store shortage by doubling authorizations
Ontario’s cannabis store regulator has started issuing 10 Retail Store Authorizations (RSA) per week, double the previous pace of five new stores weekly. The Alcohol and Gaming Commission of Ontario said in a notice on its website that “…
Change afoot at Ontario Cannabis Store with new CEO, board members
The Ontario Cannabis Store has its second interim chief executive in the space of one year, after the province’s exclusive cannabis wholesaler announced the sudden departure of CEO Cal Bricker on Monday. Bricker held one of the most important job…