Industry News

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  • Latest Canadian cannabis recalls include melting vape pens, moldy bud
    Canadian cannabis products recalled in January include defective all-in-one vape pens from Hexo Corp. as well as moldy marijuana from Saskatchewan processor AgroGreens Natural Products and mislabeled bud from Manitoba’s Delta 9 Bio-Tech. Hexo’s recall, announced Jan. 12 by the Ontario Cannabis Store (OCS) online retailer, impacted three types of disposable vape pens. Hexo told […]
  • Cannabis MSO Verano announces $100M subscription receipt financing
    Multistate cannabis operator Verano Holdings raised $100 million in subscription receipt financing in connection with a reverse-takeover deal that will see the company go public on the Canadian Securities Exchange. The Chicago-based firm, which currently operates in 12 U.S. states, made the announcement Thursday. The deal is expected to close in February. Verano previously said […]
  • Keegan Peterson, founder/CEO of marijuana tech firm Wurk, dies at 33
    Marijuana industry executive Keegan Peterson, who founded Denver HR tech company Wurk, has died at 33. Keegan Peterson, founder/CEO of marijuana tech firm Wurk, dies at 33 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
  • Czech medical cannabis sales surge, but market remains small
    The Czech market for medical cannabis flower quadrupled last year compared to 2019, according to data published by the State Agency for Medical Cannabis. However, the market remains very small. In 2020, roughly 68 kilograms (150 pounds) of medical cannabis flower was sold to patients in Czech pharmacies, compared with 17 kilograms the year before, […]
  • These four states could legalize medical marijuana through legislation in 2021
    Four red states – Alabama, Kansas, Kentucky and South Carolina – could legalize medical marijuana through their legislatures this year, and, if successful, they could generate hundreds of millions of dollars in business opportunities across the supply chain over time. Legalization seems more likely in the southeastern states after Mississippi voters approved a citizen-driven medical […]
  • Cannabis firm CannTrust reaches agreement to settle shareholder claims
    Embattled Canadian cannabis producer CannTrust Holdings on Wednesday announced a restructuring support agreement that will pave the way for the company to settle shareholder lawsuits as it restructures. Under the agreement, shareholders’ litigation against CannTrust in both Canada and the United States “will be settled as part of a broader restructuring of the company” under […]
  • NCIA: High recreational marijuana taxes in New York could hurt legal market
    A marijuana industry official cautioned New York officials that recreational marijuana taxes need to be low enough to curtail illicit sales. New York Gov. Andrew Cuomo unveiled more details this week about his recreational marijuana legalization plan, which is designed to help offset a coronavirus-fueled, multibillion-dollar budget deficit. “We definitely want to make sure that […]
  • Valens ‘clears the deck,’ liquidating most cannabis oil inventory
    Cannabis derivative manufacturer Valens Co. said it is liquidating most of its oil inventory, citing industry trends such as outdoor marijuana harvests and falling prices. Marijuana Business Daily has reported extensively on Canada’s glut of dried cannabis, edibles and extracts. The Toronto-headquartered company cited: An anticipated increase in outdoor cannabis production. Falling dried cannabis prices. […]
  • Canada’s ‘croptober’ surge pushes cannabis inventory over 1 million kilograms
    Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outdoor harvest comes in. The 220,461 kilograms (221 metric tons) of new cannabis is about 50% more than the […]
  • An elusive pathogen is damaging cannabis crops – here’s how to fight it
    Over and over again, I meet cannabis growers who are not yet aware of a widespread disease that has been appearing more and more across the United States - hop latent viroid (HpLVd). An elusive pathogen is damaging cannabis crops – here’s how to fight it is a post from: Marijuana Business Daily: Financial, Legal […]

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