Cannabis News
Authoritative coverage of the global cannabis industry — regulation, investment, markets and policy, reported for the people who run it.
Cannabis News · page 164
- Uncategorized
‘Surge’ in Cash Only Cannabis Dispensary Robberies Across US as Banks Continue to Turn Away Businesses
Cannabis dispensaries are increasingly becoming targets for criminals due to their inability to put cash in banks.
- Uncategorized
First Santa Monica Dispensary Opens Six Years After Application
Despite California being one of America’s largest cannabis markets, Santa Monica has only just opened its first dispensary.
- Cultivation
Is EU-GMP Certification Really Necessary For Cannabis Cultivators?
HELLENIC Dynamics, the first pureplay medical cannabis cultivator to launch on the London Stock Exchange (LSE), has signed a new supply deal with German distributor Demecan.
- Uncategorized
Hexo Corp Records Falling Revenues and $129m in Losses as it Approves Tilray Takeover
Hexo Corp has reported third quarter losses of C$129.7m as shareholders vote to approve the company’s acquisition by Tilray.
- Uncategorized
Review of Federal Cannabis Scheduling to be Completed ‘This Year’, As Reform Leaders Offer Cautious Optimism
The US Secretary for the Department of Health and Human Services (HHS) Xavier Becerra has said he believes the hotly anticipated cannabis scheduling review will be completed ‘this year’.
- Companies
UK’s first ‘own your grow’ initiative gives patients chance to invest in cannabis
As reported by Cannabis Health A new initiative is giving patients the opportunity to ‘own their grow’ and invest in the UK medicinal cannabis sector for the first time.
- Policy & Regulation
Illinois Signs Budget Bill Including Fund & Tax Cuts For Cannabis Businesses
On June 7, the Illinois Governor signed a new budget bill which includes a range of provisions for cannabis businesses for the first time.
- Data & Analysis
Number of US Arrests for Cannabis Related Offences Fell in 2022
The US Drug Enforcement Administration (DEA) arrested fewer people for cannabis-related offences in 2022 than 2021, as legalisation efforts continue to spread across the country.
- Companies
Cookie’s Licence Suspended By Baltimore Regulators
One of the US’s largest cannabis brands, Cookies, has had its licence suspended by the Maryland Cannabis Administration (MCA), less than a week after the grand opening of its franchise store in Baltimore.
- CBD Market
France wants to ban CBD cosmetics in Europe
As reported by Newsweed According to information released by CosmeticOBS , France intends to ban the use of cannabidiol (CBD) in cosmetic products in Europe.
- Companies
Aurora Cannabis reports $87 million loss, aims for positive free cash flow
Aurora Cannabis reports $87 million loss, aims for positive free cash flow Aurora Cannabis’ financial woes have continued in the first quarter of 2023, with the Canadian cannabis giant posting increasing net losses despite a slight bump in revenues.
- Markets & Stocks
Intercure Counter-Sued By Better, Cantourage Sees Stock Jump 30%, & Tikun Olam Cannbit To Be Acquired
Cantourage [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”HIGH.F” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] German-listed cannabis distributor has seen its stock price jump by around 30% this week on the Frankfurt stock exchange.
