British Columbia-based Pure Sunfarms reported yet another profitable quarter as revenue rose substantially compared to the previous three-month period. The cannabis producer saw net sales grow to 22.6 million Canadian dollars ($17 million) for the quarter ended Sept. 30. Adjusted EBITDA – a measure of profitability – increased 125% fromContinue Reading
A group of Mexican legislators met virtually on Friday to discuss the latest version of a bill to legalize adult-use cannabis and, in doing so, comply with a Supreme Court mandate to pass a law by the middle of next month. The legislators already are way behind schedule, but stepsContinue Reading
An Illinois judge rejected a request to stop state regulators from rescoring retail marijuana license applications, moving a seemingly never-ending saga closer to resolution. The ruling allows Illinois to go forward with a licensing do-over that Gov. J.B. Pritzker hopes will remedy complaints about the process to award 75 recContinue Reading
Argentinian authorities published a new decree aiming to address the shortcomings of the rules governing the country’s medical cannabis sector, which has largely failed to materialize since an initial law and decree were approved in 2017. The new decree replaces the 2017 version, which did not facilitate meaningful access toContinue Reading
Montana regulators say they are beginning the process to make adult-use cannabis cultivation and sale licenses available by Oct. 1, 2021. “There’s a lot of work ahead before the first legal sale of nonmedical marijuana in Montana and before the first license is issued,” Gene Walborn, director of the MontanaContinue Reading
For many, the journey to cannabis medicine comes after several painful years of trying seemingly ineffective pharmaceuticals. Shifra and Alex Klein know this all too well. After years of exhausting pharmaceutical treatments and therapies to treat their son’s severe autism, the Los Angeles-based Orthodox Jewish couple made the decision toContinue Reading
Wholesale prices of marijuana and hemp oil have fallen from a year ago, according to industry executives, reflecting rising oil production nationwide that has more than offset an uptick in cannabis sales amid the coronavirus pandemic. The drop in wholesale oil prices reflects multiple market factors working simultaneously – andContinue Reading
45 acres of buds. 80 strains. 200,000 plants. Welcome to terp heaven at Raw Garden. The post Fields of flavor! Leafly visits Raw Garden’s 2020 harvest appeared first on Leafly. Read More: Fields of flavor! Leafly visits Raw Garden’s 2020 harvestContinue Reading
Israel announced a road map to legalize cannabis potentially within one year and, in doing so, would create a regulated market for adult-use marijuana products largely based on Canada’s legalization model. The country’s justice minister, Avi Nissenkorn, said a legal memo likely will be published by the end of November, Continue Reading
The “green wave” of marijuana legalization will continue to spread across the United States in wake of the clean sweep of ballot initiative victories on Election Day, industry stakeholders said Thursday. Marijuana legalization momentum unstoppable, industry leaders say is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness newsContinue Reading
