Barbados this week will become the latest country to actively pursue a medical marijuana program. Dale Marshall, the country’s attorney general, said that a bill will be introduced to the Barbadian parliament on Tuesday. The legislation is expected to be debated later this month. “We have committed to medicinal... Read more
Village Farms International Reports Strong Second Quarter 2019 Results – Canadian Cannabis JV More Than Doubles Sales to CAD$32.3 Million with an All-In Cost of Production of CAD$0.65 per Gram and EBITDA Margin of 78%, and Achieves Third Consecutive Quarter of Profitability VANCOUVER, Aug. 12, 2019 /PRNewswire/ – Village... Read more
CannTrust Provides Interim Update VAUGHAN, ON, Aug. 12, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) provided an interim update concerning certain recent developments affecting the Company. Heath Canada Report for Vaughan Manufacturing Facility After trading hours on Friday, August 9, 2019, CannTrust received... Read more
MariMed Inc. Reports Record Q2 2019 Results; Revenue Up 774% to $25.7 Million, Net Income of $4.7 Million NORWOOD, Mass., Aug. 12, 2019 (GLOBE NEWSWIRE) — MariMed Inc. (MRMD), a leading multi-state cannabis and hemp operator focused on health and wellness, reported record results for both the three and... Read more
MediPharm Labs Reports Strong, Profitable Second Quarter Results Q2 2019 Revenue of $31.5 Million, Adjusted EBITDA of $7.7 Million, Net Income before tax of $4.1 Million TORONTO, Aug. 12, 2019 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global... Read more
As the panorama of cannabis products on the market continues to widen, a major beverage company is stepping into the fray; a Wall Street Journal article announced Wednesday that Arizona Iced Tea is entering into a $10 million deal with a major Denver edibles company to sell cannabis-infused products.... Read more
Bernie Sanders wants to legalize cannabis if he is elected president. And he isn’t going to wait on Congress to do it. The presidential hopeful said this week that he would use an executive order to end the federal prohibition on pot, reiterating his long-standing opposition to the ban.... Read more
Seeking to bolster revenue and exports, Zimbabwe will repeal its laws that prohibit the production of cannabis. The announcement came Tuesday from the country’s Information Minister Monica Mutsvangwa, who said that the reform will allow farmers to grow industrial hemp to export. Ultimately, the goal is for hemp to... Read more
On Thursday, Washington, DC may have become the medical marijuana mecca of the United States. Mayor Muriel Bowser announced that dispensaries in the nation’s capital will now accept valid medical marjiuana cards from any of the 27 states that have such systems. “This emergency rulemaking is patient-centric,” the mayor... Read more
Regulators in Michigan announced on Thursday that license fees for legal medical marijuana businesses in the state will be transitioning to a tier-based system beginning on October 1. Under the plan, most businesses would see a reduction in fees or no change, although some companies will end up paying... Read more
