MJBizDaily · Page 340

Biomedican successfully biosynthesizes two rare cannabinoids
Dec 14, 2020, 2:26 pm By Pamela Moore
A California life sciences company named Biomedican is drawing significant attention for the rapid…

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A dozen retail cannabis licenses could be up for grabs in Arizona
Dec 14, 2020, 1:45 pm By Jeff Smith
While most adult-use cannabis licenses in Arizona will go to the roughly 120 existing medical…

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Marijuana MSO Cresco Labs doubles loan size to $200 million
Dec 14, 2020, 1:04 pm By Solomon Israel
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and…

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Hexo doubles down on cannabis beverages, cuts loss to CA$4.2 million
Dec 14, 2020, 12:27 pm By Matt Lamers
Canadian cannabis producer Hexo reported a net loss of 4.2 million Canadian dollars ($3.2 million)…

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How passage of the SAFE Banking Act could impact cannabis businesses
Dec 14, 2020, 6:30 am By Kate Lavin
The SAFE Banking Act is nearing the finish line in the U.S. Congress, and many expect it to become…

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Marijuana businesses must perfect customer experience for coronavirus-spurred preorders
Dec 13, 2020, 11:00 am By Solomon Israel
This spring, the coronavirus pandemic turned the traditional retail model on its head—and marijuana…

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Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’
Dec 11, 2020, 4:21 pm By John Schroyer
In an investor presentation filed this week with U.S. securities regulators, the parent company of…

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Canada launches new cannabis consultations on beverages, labelling and research
Dec 11, 2020, 4:12 pm By Solomon Israel
Canada’s federal cannabis regulator is launching new consultations that signal future changes to…

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UK reveals it’s withholding approval of BVI cannabis law over treaty obligations, upcoming talks
Dec 11, 2020, 2:33 pm By Matt Lamers
The United Kingdom will decline to approve a 6-month-old bill to open commercial opportunities…

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Switzerland moves toward broader medical cannabis access
Dec 11, 2020, 2:19 pm By Alfredo Pascual
The Swiss National Council – the country’s lower house – this week approved a Federal Council…

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Colorado retail cannabis sales already eclipsing record-setting 2019
Dec 11, 2020, 1:11 pm By Bart Schaneman
Colorado's cannabis retailers set the record for single-year sales, surpassing 2019 numbers, and…

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Mexico hits snooze on cannabis legalization until next spring
Dec 11, 2020, 11:35 am By Alfredo Pascual
The Supreme Court of Mexico has again extended the deadline for legislators to comply with a…

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Still struggling after looting that hit marijuana firms, iconic California business turns to fellow company
Dec 11, 2020, 6:30 am By John Schroyer
The lootings and robberies that inflicted millions of dollars in damage on marijuana companies…

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First prescriptions of high-THC products imminent in Peru
Dec 10, 2020, 2:03 pm By Alfredo Pascual
Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – announced…

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Cannabis advertising platform Weedmaps going public with $1.5 billion valuation
Dec 10, 2020, 1:25 pm By John Schroyer
Weedmaps, the oft-controversial but ever-successful cannabis advertising giant, is going public…

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Marijuana MSO Ayr Strategies increases capital raise to $110 million
Dec 10, 2020, 12:57 pm By Jeff Smith
Multistate marijuana operator Ayr Strategies announced that it has increased a $75 million debt…

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Cannabis firm LeafLink raises $40 million to fund expansion
Dec 10, 2020, 11:51 am By Solomon Israel
Cannabis wholesaling platform LeafLink announced new funding worth $40 million from a Series C…

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‘Abuse of power’: UK ripped for delaying British Virgin Islands cannabis law
Dec 10, 2020, 11:07 am By Matt Lamers
The United Kingdom’s representative in the British Virgin Islands is facing backlash over his…

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Brazil postpones evaluation of CBD formulation for medical coverage
Dec 10, 2020, 9:01 am By Alfredo Pascual
A government evaluation to include a specific CBD formulation in Brazil’s Public Health System…

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New Mexico’s medical marijuana sales rise as prospects for recreational legalization improve
Dec 10, 2020, 6:30 am By Jeff Smith
New Mexico’s medical marijuana sales have nearly doubled in the past two years despite strict…

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MJBizDaily (Marijuana Business Daily) is a leading news and analysis outlet covering the global cannabis industry. The site provides comprehensive reporting on business trends, investments, regulations, and market data for cannabis entrepreneurs and professionals. Known for its in-depth journalism and industry expertise, MJBizDaily helps readers navigate the evolving legal cannabis market and is recognized for hosting the annual MJBizCon, one of the world’s largest cannabis business conferences.

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