Day: January 22, 2021

On:

Arizona approved 73 dispensaries to start selling recreational marijuana on Friday, launching the state’s adult-use cannabis program with sales beginning less than three months after voters approved the new market. The state’s recreational market could be worth $375 million-$400 million in its first year, increasing to $700 million-$760 million byContinue Reading

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Puffco ups its game with the Peak Pro, the latest in e-rigs, allowing dabbers more convenience and control, while staying sleek and stylish. The post Puffco takes dabbing to the next level with the Peak Pro appeared first on Leafly. Read More: Puffco takes dabbing to the nextContinue Reading

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A Dutch judge rejected on Thursday a request to annul the results of a lottery process used to select cultivators for the country’s recreational cannabis experiment. “This means the experiment will likely continue moving forward as planned,” Kaj Hollemans, a drug policy consultant based in the Netherlands, told Marijuana Business Daily.Continue Reading

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President Trump pardoned 12 longtime cannabis prisoners on his final full day in office. We spoke with one of them. The post The Roll-up #180: Look who Trump pardoned appeared first on Leafly. Read More: The Roll-up #180: Look who Trump pardonedContinue Reading

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Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the Alberta company announced. Aurora said in a news release that it entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB CapitalContinue Reading

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U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and “focus on its more profitable tobacco and e-liquid businesses.” The three subsidiaries – Figr Brands, Canada’s Island Garden and Figr Norfolk – have all filed for and received creditor protection underContinue Reading

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November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada. November’s sales represent the broadest fall since September 2019, when adult-use sales were 2.4% lower month-over-month. Saskatchewan was the only provinceContinue Reading