Health Canada this week announced significant revisions to its national cannabis industry regulations, including changes to rules that govern licensing, production, packaging and labelling, security, and record keeping, according to analysis by StratCann. The new rules, published Wednesday in the federal government’s Canada Gazette, are aimed at addressing industry concerns …
Author: Extroverting
FDA warns California company about selling injectable CBD
The U.S. Food and Drug Administration last week sent a warning letter to a California manufacturer that has been marketing an injectable hemp CBD product to medical patients. The letter, dated March 6, was sent to Sacramento-based Pico IV and asserts that its “intravenous form of cannabidiol” is an “unapproved …
SNDL quietly picks up shares in Canadian retailer High Tide
SNDL Inc. (NASDAQ: SNDL) said in regulatory filings that it picked up 5.4% of High Tide’s shares on March 10. The company disclosed the purchase in a Schedule 13G form that reported SNDL acquired 4.35 million shares of the Canadian retailer. The transaction was first reported by StratCann. While neither …
Maryland’s fourth quarter tax collection dips slightly
Maryland reported total adult-use cannabis sales and use tax revenue of $17.6 million for the fourth quarter of 2024. This is slightly below the third-quarter tax revenue of $18.2 million. For the full year of 2024, the state reported $1.14 billion in sales, on which it collected roughly $73 million… …