Health Canada might give cannabis license holders a deferred deadline for paying their annual regulatory fees in light of the coronavirus pandemic. The federal health department is holding a two-week consultation to gauge industry feedback. A notice of intent for the consultation was published in the June 13 edition ofContinue Reading
Colorado’s marijuana market took a hit in April – almost certainly the result of coronavirus-related restrictions – by nearly 8% combined for the state’s medical and recreational markets. Recreational sales in Colorado were down roughly 12% in April, clocking in at $112 million, while medical sales were actually up byContinue Reading
Rapper and actor Method Man said he’s launching a new marijuana business specifically aimed at boosting other black-owned cannabis companies. According to Bloomberg News, the business – dubbed Tical, short for Taking Into Consideration All Lives, also the name of Method Man’s first solo album – will soon begin sellingContinue Reading
The California state cannabis excise tax won’t go up in July as it did in January. The state Department of Tax and Fee Administration (CDTFA) made that announcement in a little-noticed news release in May. Per state law, the agency is required every six months to recalculate the markup rateContinue Reading
Multistate marijuana operator iAnthus said it expects to default on interest payments due June 30 and likely will delay its quarterly earnings past an extended June 15 deadline – a move that could result in a stock trading suspension. The New York-based company, which has partly blamed the coronavirus crisisContinue Reading
Canadian cannabis firm Canopy Growth has given its CEO position a generous salary bump this year, according to recent filings with the U.S. Securities and Exchange Commission, even as the company laid off a large chunk of its workforce and struggled to contain losses. The filings show that an employment offerContinue Reading
High Times Holding Corp.’s agreement to buy planned and operating California dispensaries from multistate operator Harvest Health & Recreation has been cut to 10 from the 13 announced in late April. The Los Angeles-based owner of High Times magazine announced the amended nearly all-stock agreement on Friday. Two properties cutContinue Reading
Education and transparency are key when you’re looking for new CBD brands. The rise in popularity of the non-psychotropic cannabinoid in recent years has seen an unregulated market flooded with inferior products that aren’t rigorously testing. Cannabidiol Life wants to help educate you, the consumer, on how and why theContinue Reading
In a preview of a hotly anticipated trial set to take place in July, a key California marijuana regulator blasted a lawsuit aimed at overturning a policy allowing statewide marijuana deliveries as “bizarre” in a new court filing. The brief, filed June 8, outlines the state’s arguments in favor ofContinue Reading
