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Proposed law in North Macedonia to allow cannabis flower export shelved

A North Macedonian draft bill that proposed modifications to the current medical cannabis framework has been removed from parliament’s agenda, according to Telma Television. The bill would have created a legal framework for the export of cannabis flower, which is currently not possible. That means local companies that have been stockpiling flower for export are going to […]

Proposed law in North Macedonia to allow cannabis flower export shelved is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/proposed-law-in-north-macedonia-to-allow-cannabis-flower-export-tabled/

Massachusetts keeps cannabis vape ban, orders quarantine of products as regulators focus on suspect additive

Massachusetts regulators maintained a ban on the sale of cannabis oil vaporizers and devices after ordering marijuana retailers to quarantine the products on Tuesday, dealing a financial blow to MJ companies hoping for a speedy resumption of vape sales. In making its decision, the state Cannabis Control Commission (CCC) also focused on the need to test for vitamin […]

Massachusetts keeps cannabis vape ban, orders quarantine of products as regulators focus on suspect additive is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/massachusetts-keeps-cannabis-vape-ban-orders-quarantine-of-products-as-regulators-focus-on-suspect-additive/

Canadian, overseas medical cannabis sales drive Tilray’s revenue higher

British Columbia-based cannabis producer Tilray reported third-quarter revenue of $51.1 million (CA$67.8 million), a 408% jump from the same period a year earlier. Tilray also booked an 11% improvement from the second quarter’s $46 million, in line with consensus estimates. The higher revenue was driven by medical sales in Canada and overseas. Bulk shipments of […]

Canadian, overseas medical cannabis sales drive Tilray’s revenue higher is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/canadian-overseas-medical-cannabis-sales-drive-tilray-revenue-higher/

Canadian cannabis firms rapped over ‘deficient’ corporate governance disclosures

Canada’s securities watchdog is warning the nation’s cannabis businesses of “deficient” corporate governance disclosures and urging them to address concerns related to potential conflicts of interest. The Canadian Securities Administrators (CSA) issued a notice providing guidance related to the disclosure of financial interests in the context of mergers and acquisitions, as well as the independence […]

Canadian cannabis firms rapped over ‘deficient’ corporate governance disclosures is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/canadian-cannabis-firms-rapped-over-deficient-corporate-governance-disclosures/

New UK guidelines recommend public insurance coverage for two GW Pharma cannabis medicines, plus a synthetic cannabinoid

New British guidelines for the first time recommend that two plant-based cannabis medicines – Sativex and Epidiolex – be covered through the United Kingdom’s National Health Service (NHS), a significant step that is likely to boost sales of both products. Health regulators also are recommending the NHS make available a synthetic cannabinoid known as nabilone. […]

New UK guidelines recommend public insurance coverage for two GW Pharma cannabis medicines, plus a synthetic cannabinoid is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-uk-guidelines-recommend-public-insurance-coverage-for-two-gw-pharma-cannabis-medicines-plus-a-synthetic-cannabinoid/

Cronos to convert some cultivation space, reports revenue growth

Ontario-based Cronos Group reported quarterly revenue of 12.7 million Canadian dollars ($9.6 million), an improvement over the previous quarter’s CA$10.2 million but slightly lower than consensus estimates. The cannabinoid company’s adjusted EBITDA loss widened quarter-over-quarter to CA$24 million. Cronos said it shipped 3,142 kilograms (6,927 pounds) of cannabis in the third quarter, double the amount […]

Cronos to convert some cultivation space, reports revenue growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cronos-to-convert-some-cultivation-space-reports-revenue-growth/

Two more California cannabis companies disclose layoffs

On the heels of recent news that several U.S. and Canadian marijuana companies were slashing employee headcounts, two more California companies announced job cutbacks. CannaCraft and Grupo Flor both told Marijuana Business Daily they undertook cost-saving layoffs as a result of financial challenges, which along with previous downsizing disclosures by other cannabis firms might suggest larger underlying financial […]

Two more California cannabis companies disclose layoffs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/two-more-california-cannabis-companies-disclose-layoffs/

Organigram blames Ontario’s slow retail build-out in lower revenue guidance

Citing Ontario’s slow cannabis retail build-out, Organigram Holdings issued revenue guidance for expected fourth-quarter net revenue of 16.3 million Canadian dollars ($12.3 million), a substantial decline from the previous quarter’s CA$24.8 million. Analysts had expected the New Brunswick producer to report quarterly net revenue of about CA$27 million. That prompted a downgrade from Bank of […]

Organigram blames Ontario’s slow retail build-out in lower revenue guidance is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/organigram-cites-ontarios-slow-retail-buildout-in-lower-revenue-guidance/

Jamaica plans cannabis regulations overhaul, blueprint for industry support

Jamaica plans to overhaul the interim regulations governing legal marijuana businesses and create a national road map to support the development of the island’s regulated industry. The support could help businesses overcome obstacles hindering the sector’s growth, which include banking issues and finding markets for products. The Agriculture Ministry (MICAF) will reconstitute the National Cannabis Advisory […]

Jamaica plans cannabis regulations overhaul, blueprint for industry support is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/jamaica-plans-cannabis-regulations-overhaul-roadmap-for-industry-support/

New European trade group hopes to help its members put CBD products in stores

A fledgling United Kingdom-based trade group, which represents about 25 companies from Europe and North America, is seeking to allow its members to sell CBD products even though they might be in violation of European Union regulations.

New European trade group hopes to help its members put CBD products in stores is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/new-european-trade-group-hopes-to-help-its-members-put-cbd-products-in-stores/

More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

A new Florida law repealing a ban on smokable medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/more-medical-marijuana-companies-bolster-operations-in-lucrative-florida-market-following-smokable-flower-ban-repeal/

How cannabis vaporizer firms can protect themselves in the wake of vaping crisis

The biggest development in the marijuana space this year has been a vaping-related health crisis in which hundreds of Americans have fallen ill and two dozen-plus have died from pulmonary illnesses linked to the practice.

How cannabis vaporizer firms can protect themselves in the wake of vaping crisis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/how-cannabis-vape-companies-can-handle-the-vaping-crisis/

Health officials identify additive in patients with cannabis-related vaping illnesses, a move that could boost legal vape products

U.S. health officials on Friday singled out vitamin E acetate as a likely culprit in the vaping health crisis, reiterating that many of the suspect THC vape products were obtained from illicit sources rather than licensed cannabis businesses. While the exact cause remains unknown, marijuana industry officials said that identifying a possible culprit behind the […]

Health officials identify additive in patients with cannabis-related vaping illnesses, a move that could boost legal vape products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/health-officials-identify-additive-cannabis-related-vaping-illnesses/

Ontario business group wants ‘clear timeline’ for cannabis store expansion

A group comprised of cannabis industry leaders and experts is calling on Ontario’s government to provide a more complete timetable for when retail stores will be permitted through an open allocation of licenses. So far, the province has used a botched lottery system to award opportunities to open recreational marijuana stores. The Ontario Cannabis Policy […]

Ontario business group wants ‘clear timeline’ for cannabis store expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ontario-business-group-wants-clear-timeline-for-cannabis-store-expansion/

Week in Review: Marijuana lending activity cools, Vireo hires Linton, MA judge lifts MMJ vape ban & more

Cannabis companies confront fewer funding opportunities, Vireo Health taps Bruce Linton to help the multistate operator expand, a Massachusetts judge rules an emergency ban on vapes can’t be enforced for medical marijuana patients – and more of the week’s top cannabis business news.   Marijuana investment activity slows Cannabis companies are struggling to thrive as […]

Week in Review: Marijuana lending activity cools, Vireo hires Linton, MA judge lifts MMJ vape ban & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/marijuana-lending-activity-cools-vireo-hires-linton-ma-judge-lifts-mmj-vape-ban-more/

Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue

One of the largest cannabis companies in the world, Canopy Growth, is restructuring its overseas operations by laying off 15% of its workforce in Latin America, reflecting the slow pace at which revenue-generating opportunities and regulatory structures are evolving in the region. Though the layoffs account for a tiny fraction of the Canadian producer’s global 3,850-person workforce, […]

Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/cannabis-producer-canopy-downsizes-latin-america-workforce-as-region-struggles-to-generate-revenue/

Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally

To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer. It’s a high-profile hire for the U.S. cannabis industry, one that many executives and investors across […]

Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/linton-in-as-executive-chairman-at-vireo-health/

Tight funding environment weighs on marijuana companies still seeking profit

Which came first? Poor paths to profitability for North American cannabis companies or limited funding for them to build their businesses? The reality: It’s a bit of both. Funding opportunities for marijuana firms do exist, but investors are increasingly unlikely to lend if cannabis companies cannot meet their revenue and profitability targets. Therefore, cannabis businesses trying to […]

Tight funding environment weighs on marijuana companies still seeking profit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/tight-funding-environment-weighs-on-marijuana-companies-still-seeking-profit/

Ontario offers no new details on cannabis retail expansion, will allow ‘click-and-collect’ sales

Ontario’s government is still not releasing key details on when it will significantly expand the number of adult-use cannabis stores, while a new analysis suggests the slow rollout of storefronts has already cost the province’s fledgling industry about 325 million Canadian dollars ($246 million) in foregone revenue. In the Economic Outlook introduced Wednesday in the […]

Ontario offers no new details on cannabis retail expansion, will allow ‘click-and-collect’ sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/ontario-offers-no-new-details-on-cannabis-retail-expansion-will-allow-click-and-collect-sales/

Portugal tries to position itself as Europe’s top medical cannabis exporter, but companies face challenges

Portugal is gearing up to become a medical marijuana production powerhouse serving growing European markets. But as access to capital tightens in the global cannabis industry, companies wanting to set up operations in Portugal could have challenges to secure the necessary funds for their ambitious plans. Only a handful of firms are currently fully operational and […]

Portugal tries to position itself as Europe’s top medical cannabis exporter, but companies face challenges is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/portugal-tries-to-position-itself-as-europes-top-medical-cannabis-exporter-but-companies-face-challenges/

Experts suggest recent marijuana industry layoffs are part of a reality check; more job cuts expected

Anyone paying attention to cannabis business headlines has noticed what on its face seems a disturbing trend: At least half a dozen large companies recently announced layoffs, perhaps suggesting there’s financial trouble surrounding the marijuana industry. But those headlines don’t reveal the full story, several industry watchers told Marijuana Business Daily. Rather, recent layoffs are a […]

Experts suggest recent marijuana industry layoffs are part of a reality check; more job cuts expected is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Source: https://mjbizdaily.com/industry-experts-suggest-recent-layoffs-by-marijuana-firms-are-part-of-an-industry-reality-check/