Canadian Medical Marijuana & Cannabis Industry News


MJBizDaily cannabis investor webinar on tap Tuesday

The clock is ticking to register for Marijuana Business Daily’s Investor Intelligence webinar, “State of the Industry and 2020 Trends,” which is scheduled for 1 p.m. ET/10 a.m. PT on Tuesday. Investor Intelligence analysts Craig Behnke and Mike Regan will provide a framework on how to invest in the cannabis sector now for the long […]

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Labeling issues lead to MedReleaf cannabis recall in Quebec

Aurora Cannabis subsidiary MedReleaf Corp. is recalling two lots of cannabis sold in Quebec under the San Rafael ’71 brand for incorrect labeling. The two recalled 3.5-gram lots of Island Sweet Skunk cannabis were sold March 26-27 by Quebec’s government-operated Société québécoise du cannabis (SQDC) retailer. Labels on those lots misstated the amount of THC […]

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COVID-19 crisis effectively freezes European GMP cannabis inspections in Canada, elsewhere

European Union Good Manufacturing Practice (EU-GMP)?certification audits involving cannabis facilities in Canada and elsewhere are screeching to a halt given the travel restrictions in place in most of the world because of the coronavirus pandemic. The discontinuation of the audits has meant that some overseas medical cannabis producers can’t receive the key certification to begin […]

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Canada’s COVID-19 olive branch for cannabis sector comes with caveat

The Business Development Bank of Canada (BDC) has made the country’s cannabis industry eligible for COVID-19 emergency funding, an about-face that might provide financial relief to some established Canadian marijuana businesses with access to financial institutions. Cannabis businesses were previously excluded from the COVID-19 lending offered by the BDC, a federally owned and operated entrepreneurial […]

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Week in Review: Marijuana firms cut costs amid COVID-19, L.A. cannabis licensing audit, NYSE aims to delist CannTrust & more

Three multistate marijuana operators – 4Front Ventures, MedMen Enterprises and Acreage Holdings – announced cutbacks in bids to accelerate their paths toward profitability, even as some experts questioned the overall financial strength of the industry amid the coronavirus crisis and a contracting economic climate. MJBizDaily?takeaway: There have been plenty of?shakeups recently at the C-suite level […]

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Marijuana giant Acreage cuts 120 jobs, ends deals in light of COVID-19

New York-based Acreage Holdings on Friday announced it is furloughing 122 employees and taking other cost-cutting measures, becoming the latest multistate marijuana operator to slash costs in response to the coronavirus pandemic. As part of its efforts, Acreage also disclosed in a news release the resignation of a top executive and announced it is: Scrapping […]

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Canada classifies medical cannabis ‘essential’ amid COVID-19 pandemic

Canada’s federal government has deemed medical cannabis production “essential” to the country’s critical health-care infrastructure during the COVID-19 pandemic. The designation is intended to assist provinces, municipalities and businesses in their decisionmaking around the types of employees considered essential for the health, safety, security and economic well-being of the country. Even though the designation is […]

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Canada’s COVID-19 wage subsidies could keep cannabis workers on payroll

Canadian cannabis firms of all sizes could be eligible for a three-month emergency wage subsidy program during the COVID-19 pandemic, welcome news for businesses that may be struggling financially. The Canada Emergency Wage Subsidy program could help the Canadian cannabis industry and other employers keep workers on payroll during the crisis or give them the […]

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Canadian cannabis firm James E. Wagner Cultivation seeks creditor protection

Financially distressed cannabis cultivator James E. Wagner Cultivation Corp. (JWC) said?Wednesday it will undergo a “consensual restructuring” and seek creditor protection in a deal with cannabis industry lender Trichome Financial Corp. Under the deal, Trichome will provide JWC with a debtor-in-possession loan of up to 4 million Canadian dollars ($2.8 million) during the restructuring. Trichome, […]

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