Mugglehead · Page 8

Organigram Holdings faces challenges after Health Canada’s edibles ruling
Mar 27, 2024, 5:30 pm By Zartasha Mushtaq
In a recent development, Health Canada has delivered an unfavorable ruling to Organigram Holdings (NASDAQ: OGI). It is determining that its Edison Jolts lozenge cannabis products should be classified as edibles rather than extracts. This decision carries…

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Up in smoke: Youngkin rejects marijuana legalization bill
Mar 27, 2024, 4:30 pm By Zartasha Mushtaq
Governor Glenn Youngkin’s unequivocal rejection of a bill aimed at legalizing the retail sale of marijuana in Virginia has ignited a fierce debate among lawmakers and advocates. Despite the legislation’s passage in the legislature, Governor Youngkin’s…

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Utah governor allows psychedelics pilot program without signature
Mar 27, 2024, 2:01 pm By Zartasha Mushtaq
Utah Governor Spencer Cox has decided to let a bill allowing a pilot program for the therapeutic use of psilocybin and MDMA. The Governor is allowing it to become law without his signature. Despite expressing reservations about the legislation, Cox…

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American cannabis sales expected to rise by over 9% this year
Mar 21, 2024, 8:41 pm By Rowan Dunne
Cannabis consumption in the United States continues to rise and the sales total in the country this year is expected to be over 9 per cent higher than it was in 2023. That is according to Oregon’s pot data firm Whitney Economics, which estimates that…

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Colorado bill threatens free speech online by targeting cannabis advocacy
Mar 19, 2024, 4:54 pm By Zartasha Mushtaq
A proposed bill in Colorado, SB24-158, has ignited a heated debate over its potential infringement on free speech rights, particularly regarding discussions about marijuana and related substances. The bill, which aims to regulate internet content policies, has…

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Cresco Labs takes on hurdles in cannabis market journey
4:11pm By Zartasha Mushtaq
Cresco Labs (OTCMKTS: CRLBF), a leading multistate operator in the cannabis industry, faced significant financial hurdles in 2023, recording a net loss of $180 million. Despite encountering obstacles such as market exits and a failed merger, the company…

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Trulieve sues former CFO over using vast sum of company cash for personal luxuries
Mar 15, 2024, 1:47 pm By Rowan Dunne
A former chief financial officer of Trulieve Cannabis Corp. (CSE: TRUL) has become the target of a lawsuit after allegedly spending up to US$400,000 of company funds on luxurious personal expenses. Sources reported this week that Alex D’Amico visited…

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Washington state moves to eliminate tax on medical marijuana
Mar 14, 2024, 3:30 pm By Zartasha Mushtaq
Washington State is taking a significant step towards easing the financial burden on medical marijuana patients and designated providers. The state is moving towards eliminating the 37% excise tax on medical marijuana products. By doing this, the state aims to…

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Nova Scotia’s small batch producer Aqualitas merges with Britain’s CBD guru Cannaray
Mar 12, 2024, 7:56 pm By Rowan Dunne
A small-batch cultivator in Nova Scotia is merging with the United Kingdom’s award-winning CBD products producer Cannaray to create a diversified medical cannabis company. Atlantic Canada’s Aqualitas announced Tuesday that a definitive agreement for the…

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Minnesota’s first cannabis cultivation facility takes root in Onamia
Mar 12, 2024, 5:30 am By Zartasha Mushtaq
Located approximately 90 minutes north of Minnesota’s bustling metropolitan hub, a huge initiative is underway in Onamia. Headed by the Mille Lacs Band of Ojibwe’s business arm, Mille Lacs Corporate Ventures, this pioneering endeavor marks the state’s…

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Canadian cannabis sales shoot up by over 24%; unpaid taxes skyrocket
Mar 8, 2024, 5:06 pm By Rowan Dunne
Canada’s annual cannabis sales rose by over 24 per cent during the fiscal year ending Mar. 31, 2023, according to new data from Statistics Canada released Wednesday. The country made C$1.9 billion in profit from pot during that period. However, the amount of…

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Hawaii Senate passes recreational marijuana legalization bill
Mar 7, 2024, 2:00 pm By Zartasha Mushtaq
The Hawaii state Senate has made a historic move by passing a bill aimed at legalizing recreational marijuana for adults. It is marking a significant step towards creating a regulated and taxed market for adult-use cannabis in the state. After garnering…

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CBD relieves anxiety better than THC without unwanted side effects, study shows
Feb 27, 2024, 8:25 pm By Rowan Dunne
Consumption of the cannabis plant can help people alleviate their anxiety, but CBD alone can provide relief more safely than THC-infused smokables can. That is according to a new study conducted by the University of Colorado Boulder. The American researchers…

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Burb opens up shop next to UBC after years of pushback
Feb 26, 2024, 8:01 pm By Rowan Dunne
After a great deal of opposition and debate, Burb Cannabis was able to open a new dispensary right next to the University of British Columbia campus on the west side of Vancouver. The store, Burb’s eighth in the province, commenced sales on Friday. The…

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Germany votes to legalize recreational cannabis possession, distribution framework needed
Feb 23, 2024, 8:15 pm By Rowan Dunne
In a historic move, Germany’s chief legislative body has decided to legalize personal use of recreational cannabis in a country with an estimated 4.5 million users. The law passed by Chancellor Olaf Scholz’s coalition will enable citizens over 18 years of…

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Canada creates Cannabis Industry Forum to address challenges in the sector
Feb 21, 2024, 7:22 pm By Rowan Dunne
Canada has formally announced the formation of a Cannabis Industry Forum to address challenges in the country’s industry. The notice regarding its creation came via a government news release on Friday. The group was formed last spring but its leadership list…

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BC permits cannabis smoking on patios where tobacco and vaping are authorized
Feb 16, 2024, 8:14 pm By Rowan Dunne
British Columbia’s government has amended regulations to allow for cannabis consumption on public patios where vaping and tobacco smoke are authorized, “subject to local or Indigenous government bylaws and other rules.” The province posted a bulletin…

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High Tide expands its influence into the Manitoba cannabis market
Feb 14, 2024, 7:24 pm By Rowan Dunne
Calgary’s cannabis supplier High Tide Inc. (Nasdaq: HITI) (TSX-V: HITI) has expanded its Canadian influence through a new distribution agreement with the Manitoba Liquor and Lotteries Corporation. The company announced its entry into the province’s market…

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Christina Lake Cannabis acquires outdoor cultivation facilities in southern BC for C$3M
Feb 12, 2024, 8:09 pm By Rowan Dunne
Vancouver’s extract and outdoor-grown cannabis producer Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) completed its acquisition of a large cultivation facility in southern British Columbia on Monday. The 342-acre property obtained from an unnamed…

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New Zealand’s Rua Bioscience provides unique cannabis genetics to Ontario’s Apollo Green
Feb 9, 2024, 8:18 pm By Rowan Dunne
A New Zealand medical cannabis company is providing its unique genetics to an Ontario operator so that it can grow and distribute exotic pot from the east coast of Tairawhiti to Canadians. Māori-founded Rua Bioscience (NZE: RUA) announced Wednesday that it…

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