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 […]
Category: Cannabis Industry & Marijuana Business Briefs
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 […]
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 […]
Phytol cited as potentially dangerous cannabis vape ingredient
As cannabis vaping pens grew in popularity in late 2019, concerns grew about the safety of the products, spurred by reports of […]
California trade group offers marijuana banking services through credit union
The California Cannabis Industry Association (CCIA) on Tuesday unveiled a new partnership with North Bay Credit Union under which CCIA-member marijuana companies […]
Massachusetts cannabis retailers sue state over delivery regulations
Marijuana retailers in Massachusetts filed a lawsuit against the state’s Cannabis Control Commission’s rules that allow only social equity applicants to deliver […]
Canadian cannabis retailers to merge, focus on value-conscious consumers
Alcanna Inc. is spinning-off its retail cannabis business and combining it with competing retailer YSS Corp. to create one of the largest […]
Arkansas medical marijuana sales hit $175M in 2020, could double this year
Medical marijuana sales in Arkansas reached $175 million in 2020, ending the year with a record $1.22 million day. The Marijuana Business Factbook […]
More layoffs at Aurora Cannabis following Great North deal
Aurora Cannabis laid off sales staff after choosing Great North Distributors to be its sales representative across the Canadian recreational marijuana retail […]
Ontario cannabis stores can still offer pickup, delivery during lockdown
Brick-and-mortar cannabis stores in Canada’s largest recreational marijuana market are still permitted to offer home delivery and curbside pickup during a government […]