Bluma Wellness, which operates as One Plant in Florida’s fast-growing medical marijuana market, started trading on the Canadian Securities Exchange on Monday under the ticker symbol BWEL. Fort Lauderdale-based Bluma is the result of a reverse takeover transaction with CannCure Investments. The latter was a portfolio company of Sol GlobalContinue Reading
Hexo Corp. is losing its spot on the S&P/TSX Composite Index, a benchmark group of stocks representing the Canadian equity market. The change will take effect June 22, according to a news release issued by index operator S&P Dow Jones Indices after markets closed Friday. The Ontario-based company is theContinue Reading
This is the second installment of a two-part series in which top executives from multistate operators discuss the state-legal marijuana markets they like the most and the least. The first installment can be viewed here. Executives’ comments have been edited for length and clarity. (Click on the orange arrows to advanceContinue Reading
Canadian-produced medical cannabis oil reached more international shores than ever last year as businesses look to leverage their first-mover advantage in new overseas markets. Canadian exports of medical cannabis oil jumped fivefold in 2019 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Continue Reading
Frustrated by all the hoops you and your partners have been jumping through in hopes of getting the myriad licenses required to open a cannabis business – no matter which state you’re in? Exploring a California marijuana company’s unique business model is a post from: Marijuana Business Daily: Financial, LegalContinue Reading
Jack Herer was likely the figure most responsible for the revolution in cannabis consciousness in the 1990s — especially where the industrial applications of hemp are concerned. Born June 18, 1939, Jack Herer was a cannabis rights activist the author of The Emperor Wears No Clothes, his landmark book calling forContinue Reading
Protests across the United States over the treatment of black Americans have prompted calls for companies to address racial inequities and increase diversity. The cannabis industry has a long way to go, as evidenced by a recent study of Denver’s marijuana market. But Illinois-based Cresco Labs took a step thisContinue Reading
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
