Featured Marijuana Business & Cannabis Industry News


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 […]

Read More

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 […]

Read More

Cannabis vaping firms nearly recovered from vape health scare, but COVID-19 concerns loom

Marijuana vaporizer companies are on the rebound since last summer’s vaping health crisis, reporting that sales numbers are largely back to normal despite concerns around the COVID-19 pandemic and its impact on consumer behavior as well as the supply chain. Seattle-based data analytics firm Headset found that all four of the U.S. markets it tracks […]

Read More

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 […]

Read More

MJBizDaily podcast: Marijuana firms pivot to virtual 4/20 events, New York adult-use cannabis appears stalled and more

Cannabis companies are hosting virtual 4/20 events amid COVID-19 concerns, instead of the usual monthlong parties and celebrations. Some of the other top headlines addressed in this week’s MJBizDaily?podcast include: New York adult-use marijuana legalization appears stalled Colorado marijuana retailers get OK to resume in-store sales Los Angeles cannabis licensing audit finds flawed process, no […]

Read More

Big cannabis companies scale back amid coronavirus, raising questions about industry’s overall health

The COVID-19 outbreak is causing serious jitters among large cannabis companies, with a?growing list of multistate marijuana operators scaling back by laying off workers and shuttering operations in a bid to slash costs. The widespread cutbacks this week by Acreage Holdings, MedMen Enterprises and?4Front Ventures?also call into question the overall health of the marijuana industry […]

Read More

IRS report foreshadows national uptick in cannabis audits but offers a big loophole, experts say

A new report from a branch of the U.S. Treasury Department confirms the Internal Revenue Service is preparing to launch an increase in marijuana industry audits nationwide, but it also offers a possible way for cannabis companies to dodge millions in federal taxes, according to industry experts. The report corroborates what cannabis industry tax and […]

Read More

Bedrocan CEO: European medical cannabis supply chain stable despite COVID-19 crisis

So far, the European market for medical cannabis has been spared the supply-chain disruptions inflicted by the coronavirus pandemic. That’s in stark contrast to the United States, where vape companies, packaging businesses and others have experienced shortages of cannabis-related hardware and supplies manufactured in China. For insights into the European market,?Marijuana Business Daily international reporter […]

Read More