A Canadian cannabis giant that shut down more than half its marijuana cultivation facilities and significantly slashed jobs last week is still moving forward with a hemp production facility in New York state. Canadian-based Canopy Growth closed two production facilities in British Columbia and laid off 500 employees there. But construction work continues on an […]
More hemp industry events have been postponed, including the NoCo Hemp Expo this month in Denver, after the rapid spread of the coronavirus outbreak. Originally slated for March 26-28, the expo has been rescheduled for Aug. 6-8 in the same locations in Denver, the event’s organizers said in a statement. As of last week, Morris […]
Three more cannabis-related conferences have been canceled or postponed, including this month’s massive South by Southwest (SXSW) event in Austin, Texas, because of the coronavirus outbreak. In addition to SXSW, which had a cannabis business track that included speakers from Marijuana Business Daily and Hemp Industry Daily, the American Herbal Products Association (AHPA) postponed indefinitely […]
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 […]
