Capital
Imperial Brands Acquires Stake in Auxly Cannabis Group
LOS ANGELES- Imperial Brands has effectively become the largest shareholder of Auxly Cannabis Group, acquiring a 19.8% stake after converting over 123.4 million Canadian dollars ($90.6 ...
Organigram Announces Investment in Open Book Extracts
NEW YORK- Organigram Holdings, a Canadian cannabis company, announced a $2 million investment in North Carolina-based Open Book Extracts. This move signifies Organigram's entry into the ...
Colombia’s Medical Cannabis Exports Surge to $10.8 Million Amid Regulatory Enhancements
BOGOTA- In a notable advancement for Colombia's burgeoning medical cannabis industry, exports have seen a significant rise, reaching $10.8 million in 2023, as reported by ProColombia, ...
Glass House Brands Report Revenue and Profits
LOS ANGELES- In a notable financial turnaround, Glass House Brands, a California-based cannabis producer and retailer, reported significant growth in its fourth-quarter earnings, leading to a ...
Ayr Wellness Expands Florida Investment with Increased Mortgage on Cultivation Facility
LOS ANGELES- In a strategic move to bolster its presence in the burgeoning Florida cannabis market, Ayr Wellness, a prominent multistate operator, has announced an $8.4 ...
Amazon’s Hemp Product Dilemma: Undeclared CBD, Mislabeling, and Policy Contradictions
LOS ANGELES- A recent study conducted by CBD Oracle has shed light on the problematic state of hemp product listings on Amazon, unveiling a landscape of ...
Curaleaf Expands Global Reach with Acquisition of Canadian Cannabis Operator
LOS ANGELES- Curaleaf Holdings, a figure in the cannabis industry, is advancing its international presence through the acquisition of Northern Green Canada, a licensed cannabis producer ...
U.S. Treasury Secretary Reaffirms Support for Cannabis Banking Legislation
LOS ANGELES- In a significant development from Washington, U.S. Treasury Secretary Janet Yellen has once again vocalized her backing for critical cannabis banking legislation, emphasizing the ...
Verano Holdings Reports 2023 Financial Outcomes
LOS ANGELES- Verano Holdings Corp a player in the multi-state cannabis industry, has disclosed its financial performance for the fourth quarter and the entirety of 2023, ...
Cresco Labs Navigates Financial Turbulence with Strategic Focus
LOS ANGELES- In a revealing glimpse into the cannabis industry's volatile financial landscape, Cresco Labs Inc. a cannabis multistate operator based in Chicago, disclosed a significant ...
TerrAscend Joins the Ranks of Cannabis Firms Challenging Tax Obligations Under Section 280E
LOS ANGELES- TerrAscend Corp., a prominent cannabis multistate operator, has announced a bold strategy to contest taxes owed under Section 280E of the Internal Revenue Code, ...
Thailand’s Blossoming Cannabis Culture Faces Potential Clampdown
LOS ANGELES- In 2022, Thailand marked a significant milestone as the first country in Asia to fully decriminalize cannabis, igniting a vibrant and burgeoning culture around ...
