A court ruling in New Jersey could prompt regulators to resolve some of the lingering litigation over medical cannabis licensing in advance of the launch of a recreational marijuana program in the state.
New Jersey court tosses medical cannabis licensi…
Cannabis Industry & Marijuana Business Briefs
Aurora Cannabis shuts CA$250 million greenhouse ‘indefinitely’
Aurora Cannabis says it’s pausing operations at its Sun greenhouse in Medicine Hat, Alberta, “indefinitely.” The closure represents the latest casualty after the industry significantly overshot the production capacity needed to meet demand in Canada…
Netherlands to draw 10 recreational marijuana growers this week
The Dutch government will hold a draw on Thursday to choose 10 marijuana cultivators for the country’s upcoming pilot program, according to a letter to Parliament from the medical and justice ministers dated Friday, Nov. 27. The winners of the dr…
Canadian cannabis firm Organigram reports CA$136M loss for year
New Brunswick-based cannabis producer Organigram reported a net loss of 136 million Canadian dollars ($105 million) for its fiscal year 2020, a substantial increase from the company’s previous annual loss of CA$9.5 million. Organigram lost CA$39 …
Cannabis NB expects CA$10M profit; privatization update ‘in near future’
New Brunswick’s cannabis retail monopoly Cannabis NB expects to end its fiscal year with a profit of over 10 million Canadian dollars ($7.7 million). “We are excited to have achieved an important milestone — 12 consecutive months of profitability,” Can…
Colombian cannabis producers raise fresh rounds of capital
Some leading licensed cannabis producers in Colombia raised fresh rounds of capital recently. Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – closed a bought deal for 14.5 million Canadian dollars ($11.5 million), …
Marijuana Business Daily will resume publishing Monday
Marijuana Business Daily is closed for the Thanksgiving holiday and will resume publishing Monday.
Marijuana Business Daily will resume publishing Monday is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis e…
Georgia taking applications to produce ‘low-THC’ marijuana oil
Georgia regulators are taking applications to process and manufacture medical marijuana oil in the state’s limited program.
Georgia taking applications to produce ‘low-THC’ marijuana oil is a post from: Marijuana Business Daily: Financial, …
Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z
New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…
Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z
New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…