


Thailand one step closer to decriminalizing marijuana
BANGKOK (AP) — Thailand on Tuesday moved one step closer toward being the first Asian nation to decriminalize marijuana, after its health minister signed a measure officially dropping cannabis from a list of controlled drugs. The delisting will mean all…

Cannabis has contributed $43.5 billion to Canada’s GDP since legalization: report
TORONTO – Cannabis has boosted Canada's gross domestic product by $43.5 billion, including $13.3 billion in Ontario since recreational pot was legalized in October 2018, says a new study. The report released Tuesday by Deloitte Canada and provincial pot distributor,…
Failing to flower: B.C.’s promise as a craft cannabis hot spot still stunted
British Columbia has been a mecca for cannabis enthusiasts and growers long before the product became legal in Canada in 2018. But the underground pillar of the province’s economy hasn’t flourished despite the hard-fought battle for legitimacy, industry advocates say. …

Hexo receives warning from Nasdaq after non-compliance with bid requirements
GATINEAU, Que. – Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it is not in compliance with minimum bid price requirements. Gatineau, Que.-based Hexo became non-compliant with the requirement when its closing bid price…

Thailand first in Asia to move to decriminalize marijuana
BANGKOK (AP) — Thailand on Tuesday became the first country in Asia to approve the de facto decriminalization of marijuana, though authorities have left a grey area around its recreational use. Health Minister Anutin Charnvirakul announced that the Narcotics Control…

Hexo unveils expected savings from strategic plan, facility reconfiguration
GATINEAU, Que. – Hexo Corp. says it expects its new strategic plan to reduce selling, general and administrative expenses by about 30 per cent by the end of fiscal 2023. The Gatineau, Que.-based cannabis company says its plan, which was…

Cannabis companies facing ‘crossroads’ selling off stores, farms and warehouses
TORONTO – Cannabis companies are selling off growing facilities, stores and warehouses as they try to better align their offerings with demand. Industry observers say demand for cannabis is high, but there are so many assets available for sale right…

Tilray to amp up push for more market share after reporting $6M net income in Q2
The scores of new entrants to the cannabis market combined with plunging prices have resulted in an "unsustainable" situation, Tilray Inc. executives say, but one they feel their company can weather. Blair MacNeil, president of the cannabis company's Canadian business,…

Mississippi legislators begin session, face marijuana debate
JACKSON, Miss. (AP) — Mississippi legislators began their three-month session Tuesday, and the mother of a man with chronic medical problems implored them to create a medical marijuana program, despite objections from Gov. Tate Reeves. The Republican governor has said…

More Canadians getting their pot from legal channels than ever before: Health Canada
TORONTO – An annual Health Canada survey suggests that Canadians purchased more cannabis from legal sources in 2021 than ever before, with sales from brick-and-mortar retail stores tipping into the majority for the first time since legalization. The survey of…

Legal cannabis sales overtake illicit market for first time in Ontario: OCS
TORONTO – New data shows sales made through Ontario’s legal cannabis channels have overtaken those made through the illicit market for the first time ever. The Ontario Cannabis Store said in its second-quarter report released this week that 54.2 per…

Canopy Growth selling C3 Cannabinoid Compound Company GmbH subsidiary
SMITHS FALLS, ONT. – Canopy Growth Corp. says it has signed a deal to sell its C3 Cannabinoid Compound Company GmbH subsidiary to German company Dermapharm Holding SE. Under the agreement, Canopy will receive an upfront payment of $115.5 million.…

Cannabis company Hexo reports $116.9M Q1 loss, launches new strategic plan
Hexo Corp. says it lost $116.9 million in its first quarter as the cannabis company announced a new strategic plan meant to reduce costs, streamline its business and improve growth. The Gatineau, Que. company's loss amounted to 46 cents per…

Pot holes: Uneven distribution of cannabis stores a challenge for industry
TORONTO – When delivery requests from British Columbia's Lower Mainland flow into cannabis retailer Dutch Love, a reliable number of them come from customers in the suburbs of Surrey and Richmond. The company can deliver its goods to those communities,…

iN VIDEO: Rastafari in US want more legal marijuana for freedom of worship
COLUMBUS, Ohio (AP) — Mosiyah Tafari banged on drums and chanted psalms with other Rastafari in a ballroom where the smoke of frankincense mixed with the fragrant smell of marijuana — which his faith deems sacred. The ceremony in Columbus,…



