Canadian marijuana producer Tilray is lowering the value of its U.S. CBD assets, citing delays from health regulators. Tilray executives reported a $112 million writedown of the value of its 2019 agreement with Authentic Brands Group. The two companies planned to bring CBD products to mass retail outlets, but the lack of direction from the […]
The CannaTech medical cannabis innovation conference was postponed until June 15-16 because of coronavirus concerns. (Photo courtesy of CannaTech) (A version of this story appeared earlier on Marijuana Business Daily.) Some U.S. and international cannabis industry conferences and trade shows – important for marijuana and hemp businesses to market their products and cultivate relationships with […]
(A version of this story appeared earlier on Marijuana Business Daily.) Hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak. That’s largely because so much inexpensive cannabis hardware is made in China. It also stems from the economic shock […]
Three cannabis veterans who helped grow a Canadian firm into the biggest company in cannabis are setting their sights – and up to $175 million – on the U.S. hemp supply chain beyond just flower products. Bruce Linton and Tim Saunders, the former CEO and CFO of Canopy Growth, have joined forces with Geoff Whaling, president […]
New York State is set to legalize and regulate cannabis for adult-use, and improve our existing medical marijuana and hemp programs by April 1st with the 2020-2021 NYS Budget. But our work isn’t over yet and we need to fight for SMART legalization now more than ever!
An Ohio-based cannabis retailer that owns the nation’s largest chain of CBD retail kiosks in malls is selling most of that business to focus on running marijuana dispensaries instead. Green Growth Brands’ announcement last week caps a tumultuous year for the company, which laid off 50 workers in September from its Columbus headquarters. GGB also […]
Australis Capital, a cannabis investment firm based in Las Vegas, terminated its planned acquisition of hemp company Folium Biosciences in the wake of lurid headlines that surfaced regarding the Colorado company it was going to purchase only two months ago. Australis, a spin-off of Canadian marijuana producer Aurora Cannabis, said in a news release it […]
Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. Authentic Brands Group, owner of the Sports Illustrated brand, says it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of drink and […]
Although we’re only one month into the Roaring 20’s, Nevada NORML has already hit the ground running at full sprint. Following a wild and groundbreakingly successful 2019 with several memorable events across both The Battle Born State and the nation as a whole, Nevada NORML wanted to ensure that their operations in 2020 surpassed even that of the previous year.
(This is an abridged version of a story that first appeared on Marijuana Business Daily International.) Pharmaceutical-grade CBD kits are now available to German pharmacists for personalized compound preparations. Cannamedical Pharma GMBH, a Cologne-based distributor of medical cannabis, now sells plant-derived CBD isolate kits to pharmacists who compound medicines according to a doctor’s prescription. The […]
