A new medical cannabis product is available in Peru, in the latest sign the market is moving in the right direction. Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, announced last Thursday that it became the …
Cannabis Industry & Marijuana Business Briefs
Democrats’ COVID-19 relief bill contains cannabis banking
Buried deep in the U.S. House Democrats’ latest $2.2 trillion coronavirus relief package, announced Monday, is a key provision that will delight cannabis businesses: the Secure and Fair Enforcement Banking (SAFE) Act. According to NORML, the main…
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…
Ohio lawsuit: Regulators ‘punting’ on medical marijuana program expansion
An Ohio medical marijuana grower filed a lawsuit against state regulators alleging that government overseers have been hamstringing the MMJ program’s growth, despite clear demand for more business services. According to Law360com, Fire Rock sued …
Utah medical cannabis sales, patients surpassing projections
Utah’s 6-month-old medical cannabis program has far exceeded sales and patient enrollment projections – sparking product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone f…
Hawaii gets two more medical marijuana dispensaries
Hawaii’s medical marijuana program is adding two new dispensaries, even though the coronavirus pandemic has slowed the amount of tourists visiting the islands and, thus, participating in the state’s MMJ reciprocity program. The state health…
Aurora Cannabis, billionaire Nelson Peltz ‘have concluded their relationship’
Aurora Cannabis and billionaire investor Nelson Peltz “have concluded their relationship,” a spokeswoman for the Alberta, Canada-based company confirmed to Marijuana Business Daily. Peltz’s resignation was announced in a news release Monday along…
Whole Foods CEO John Mackey to keynote MJBizCon 2020
John Mackey, co-founder and CEO of Whole Foods Market as well as the co-author of “Conscious Capitalism: Liberating the Heroic Spirit of Business,” will serve as the keynote speaker for MJBizCon 2020 in Las Vegas in December. Mackey also co…
Cannabis firm WeedMD borrows CA$30M from Canadian pension fund
Canadian cannabis grower WeedMD secured a loan worth 30 million Canadian dollars ($22.5 million) from the LiUNA Pension Fund of Central and Eastern Canada, a retirement plan associated with the Laborers’ International Union of North America. R…