Canadian cannabis producers ink key deals to continue global expansion

Published January 17, 2019 This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Jan. 11. Key takeaways among […]

Embattled Canadian cannabis firm Ascent receives creditor protection

Published March 4, 2019 Canadian cannabis company Ascent Industries has been granted creditor protection by the Supreme Court of British Columbia to address liquidity issues, caused “in large part” by the suspension of its licenses. Health Canada notified British Columbia-based Ascent in September it was suspending the licenses of its subsidiary, Agrima Botanicals, over infractions […]

Steady growth in medical marijuana demand taxes Brazil’s import structure

The medical cannabis structure that requires patients in Brazil to get individual authorizations to import their MMJ products is “insufficient” to meet growing demand in the country, according to a former sanitary surveillance agency director. The continuous increase of individual authorizations to import medical cannabis could force Agencia Nacional de Vigilancia Sanitaria (ANVISA) to make […]

New Mexico relaxes medical marijuana plant limits, prices should ease

Published March 4, 2019 | By Jeff Smith New Mexico regulators enacted an emergency rule that more than quintuples the medical marijuana plant count limit to 2,500 per grower, a development that should lower MMJ prices and increase supplies and sales. The 180-day emergency rule was in response to a November court ruling in which a […]

Illinois medical marijuana sales strong ahead of opioid alternative program

Illinois’ medical marijuana program posted steady growth in 2018, pulling in $133 million in dispensary sales while increasing patient enrollment 66% over the course of the year. Moreover, Illinois dispensaries are poised to post additional sales gains this year thanks to a new state law that could spur residents to opt for MMJ versus opioids […]

Key Colorado House panel advances bill that would spur state’s marijuana capital investment

A key Colorado House panel on Monday unanimously advanced a bill that would open up the state’s $1.5 billion-a-year recreational and medical marijuana industry to new sources of public and private capital. The House Finance Committee sent the measure to the House Appropriations Committee. “The lack of investment opportunity is the single-biggest burden we have,” […]

Cannabis firms in M&A hunt look beyond Canada for growth

Canadian medical cannabis companies are increasingly looking internationally for acquisitions to tap growth while consolidation in the country’s marijuana sector continues to steam ahead. Last year, 140 U.S. cannabis companies were targets of mergers and acquisitions, a substantial increase over 2017’s 86, according to data compiled by Viridian Capital Advisors and shared with Marijuana Business […]

Lawmakers to consider nearly 60 marijuana-related bills

There are 58 bills pending before the California Legislature in 2019 that include the word “cannabis” or “marijuana,” which means the state’s industry could be in for another tumultuous year of big changes. Many of the measures touch on significant industry hurdles, ranging from the lack of banking access to reducing state tax rates to […]

British Columbia dead last in per-person legal cannabis sales

Provinces with more physical cannabis stores saw significantly higher per-person sales in the six weeks after Canada’s legalization of recreational marijuana, according to new data from Statistics Canada – an indication that consumers have a strong preference to buy their cannabis offline. British Columbia – the province with the biggest underground cannabis economy – reported […]