Edibles outperform cannabis industry growth in 2020 on COVID-spurred sales surge
Cannabis edibles sales grew at a rate exceeding the overall growth of the marijuana industry in 2020, prompting manufacturers to invest in […]
Category: Recreational Marijuana News
Vireo closes $4 million purchase of Nevada cannabis production facilities
Cannabis multistate operator Vireo Health said it has finally closed on a 2018 deal valued at $4 million to purchase four Nevada […]
Oregon marijuana sales reach record $1 billion-plus in 2020
Recreational cannabis sales exceeded $1 billion in Oregon last year, coinciding with the coronavirus pandemic outbreak and mirroring record-high sales in other […]
Canopy boosting Ontario presence with nine new Tokyo Smoke stores
Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence […]
How Trichome Financial acquired and restructured troubled marijuana producer JWC
A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an […]
Cannabis producer WeedMD shutters Bowmanville, Ontario, facility
Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario, in order to centralize medical cannabis distribution at its site in […]
L.A. marijuana businesses seek hearings over expired city permits
A small band of the roughly 57 companies whose marijuana business permits expired on New Year’s Eve filed a lawsuit asking a […]
Oregon regulators recall contaminated cannabis extracts, flower
Oregon state cannabis regulators are recalling recreational cannabis products for pesticide contamination. Oregon regulators recall contaminated cannabis extracts, flower is a post […]
South Dakota attorneys warned against working with marijuana companies
The State Bar of South Dakota ethics committee warned attorneys in the state against taking cannabis businesses as clients, which could discourage […]
7 regulatory-related factors for marijuana companies to consider in a debt transaction
2020 saw several high-profile debt transactions in the cannabis industry, with major companies raising hundreds of millions of dollars through such financings. […]