Below you'll find a list of all posts that have been categorized as “Recreational Cannabis News”
Retail cannabis sales will begin on-time in California after regulators released an emergency rules package allowing operators a six-month transition period, and providing for grows much larger than the 1 acre proposed by the Department of Food & Agriculture. The rules prohibit combined cannabis and alcohol sales at shops, the word “candy” from being used in branding, and drones and …
Canada’s Aurora Cannabis Inc. is seeking to takeover CanniMed Therapeutics in an all-stock $455 million deal, according to a Bloomberg report. The deal values CanniMed stock at C$24 a share, 57 percent above Tuesday’s Toronto Stock Exchange closing price. Aurora Executive Vice President Cam Battley told Bloomberg that the firm is “making a very big push into Europe” and the …
According to cannabis industry environmental regulations proposed by the California Department of Food & Agriculture, cultivators would not be allowed to grow more than 1 acre of cannabis, regardless of municipal rules, until 2023, the Eureka Times-Standard reports. Operators expressed mixed reviews of the plan as some would have to completely overhaul their business plan, while others say it would …
Las Vegas, Nevada’s Nu Wu Cannabis Marketplace has opened the city’s first drive-thru retail location less than a month after the Paiute Tribe opened the location doors, KSNV News3LV reports. The owners say the option is convenient for people with disabilities and those who are just in a rush. “Medicinal patients – patients that aren’t able to come into the …
In an interview with the Cannabist, Nevada Department of Taxation head Deonne Contine disclosed the state had sold more than $33 million during its second month of adult-use sales – representing a 24 percent spike from the 27.1 million in sales in July. The revenues equate to $3.35 million in tax revenues derived from the recreational market and a combined …
According to new figures by the Washington State Liquor and Cannabis Board, cannabis sales in the state have reached more than $1 billion this year, bringing in more than $300 million in excise taxes. The data represents sales through September. Monthly sales in the state have reached more than $130 million. The WSLCB data shows that cultivators have grown nearly 367,000 …
The Toronto Stock Exchange could delist, suspend, or halt trading for medical cannabis companies with investments in the U.S. because the operations are prohibited under federal law. In the Oct. 16 Notice to Issuers, regulators say while they are “aware” that some states have legalized cannabis for medical and adult use, “it is illegal under U.S. federal law to cultivate, …
International Cannabis Corporation, a licensed cannabis producer in Uruguay, plans on exporting medical cannabis oil next month for sale in Canada and Mexico, according to a report from Reuters. Alejandro Antalich, the chief executive of ICC, said he hopes to eventually sell the product locally but is not permitted under the nation’s adult-use regime. The law, which originally mandated that …
Maine’s top Border Patrol official said that the agency would continue seizing cannabis products despite the forthcoming voter-approved adult-use legalization program, the Portland Press Herald reports. Chief Daniel Hiebert said the Border Patrol must follow federal, not state, laws. Moreover, Hiebert indicated that Border Patrol applicants could be disqualified from employment consideration due to, not just their own cannabis use, …
