North American cannabis firms, facing prohibitive laws, an overcrowded market and a deeply entrenched illicit sector at home are ramping up investments in Germany after the country partly legalized marijuana use.
Tag Archives marijuana
US, Canadian pot firms eye Germany for growth as market stagnates at home
Biden overhauling U.S. marijuana policy
Prior federal offenses to be pardoned; moves could ease U.S. business for cannabis firms
Washington | Reuters — U.S. President Joe Biden took steps to overhaul U.S. policy on marijuana on Thursday by pardoning thousands of people with federal offenses for simple marijuana possession […] Read more
Pot producer Canopy Growth to shed retail stores
Company working on 'path to profitability'
In full cost-cutting mode, Canadian cannabis producer Canopy Growth Corp. is set to shed a significant chunk of its vertical integration model by selling off the retail pot shops it […] Read more
Canada to review impact of cannabis legalization four years on
Review will also look at regulatory challenges in pot sector
Ottawa | Reuters — Canada on Thursday launched a review of the country’s legalization of recreational cannabis use four years ago to evaluate its impact on youth, Indigenous minorities and […] Read more
Pot producer Canopy Growth to cut 250 jobs in profitability bid
Reuters — Canopy Growth Corp. said it would lay off about 250 employees as part of a cost-cutting plan as the Canadian pot producer tries to achieve long-elusive profitability. Most […] Read more
Canopy eyes U.S. expansion via weed gummies maker
Ontario firm to pay US$297.5 million for Wana Brands
Reuters — Canada’s Canopy Growth Corp. said on Thursday it would buy weed gummies maker Wana Brands for US$297.5 million, as the world’s biggest pot producer looks to expand in […] Read more
Aurora Cannabis revenue short of expectations on lower pot demand
Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the […] Read more
Aurora Cannabis to shut one Edmonton plant
Reuters — Aurora Cannabis said Tuesday it will shut down a facility at Edmonton, adding to the woes of the cash-strapped Canadian pot producer which has been reeling under the […] Read more
Pot producer Jushi acquires U.S. retailer in cheaper deal
Lack of movement on legalization drops valuations
Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. […] Read more
U.S. Senate Democrats roll out draft bill to legalize weed
Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy […] Read more