Month: July 2020

The $600-a-week subsidy that has kept millions of unemployed Americans afloat since late April was to expire July 31. Congress has been unable to strike a deal to renew or replace the CARES Act, so all sectors of the U.S. economy are fearful of what lies ahead. And that includesContinue Reading

Ontario’s lone cannabis wholesaler and distributor received the green light from the provincial government to expand its privately operated distribution network when necessary, an Ontario Cannabis Store spokesperson told Marijuana Business Daily. A new distribution warehouse could come sooner than later, according to one analyst, potentially providing the slack theContinue Reading

Jane Wagner (248) 224-9769 FOR IMMEDIATE RELEASE  OAK PARK, Mich. — Ooze Wholesale, a Metro Detroit-based distribution company specializing in dispensary, smoke shop and retail supplies, has attained exclusive distributor rights in a partnership with Stache Products. Stache Products focuses on upscale concentrate vaporizers, and is best knownContinue Reading

Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management. The debt financing, which was meant to fund Jushi’s $37 million purchase of grower-processor Pennsylvania Medical Solutions (PAMS) from Minneapolis-based MSO Vireo HealthContinue Reading

Rhode Island Gov. Gina Raimondo will continue trying to legalize adult-use marijuana in the state. She sees legal recreational sales as a possible revenue generator, she told Cranston TV station WJAR on Friday morning. “I was in favor of it last year, so I’m continuing to be in favor ofContinue Reading

Berlin-based CanPharma is believed to be the first company to offer in Germany “a German brand of medical cannabis flower sourced from a non-Canadian (owned) production facility,” the firm’s chief financial officer told Marijuana Business Daily. According to CFO David Attwood, the flower is produced in Europe in an EU-GoodContinue Reading

The U.S. government’s temporary lifeline to tens of millions of unemployed workers – $600 a week in extra jobless benefits – has likely boosted cannabis sales across much of the country amid the coronavirus-induced recession. But that benefit expired July 31, and no new deal was in place to renew theContinue Reading

The U.S. House, for the second year in a row, passed an amendment that would prevent the Department of Justice from interfering with state-legal recreational and medical cannabis programs. The provision reflects the strong bipartisan support in the Democrat-controlled House for protecting MJ programs that are legal under state laws.Continue Reading