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Insiders: Southern California Cannabis Still Plagued by Illicit Competition, High Taxes

The sixth anniversary of the launch of California’s adult-use cannabis market fast approaching, but the largest recreational marijuana market in the world still has yet to figure out how to replace its enormous illicit market with legal businesses. That’s what several SoCal industry insiders told Green Market Report this week. …

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Irwin Still Losing Money Despite Diversification

Nutraceutical firm Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) is still struggling to achieve profitability, despite selling off underperforming ketamine clinics while still developing its international cannabis industry footprint, the company reported in its third-quarter financials. Irwin posted a $1.9 million loss for the quarter that ended Sept. …

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Germany Lurches Forward on Cannabis Program Expansion

It isn’t the program that many had hoped for, however many are cheering the latest development in Germany’s adult-use cannabis legalization. After what was described as intense negotiations, the European nation’s legislative body hammered out a bill that expanded medical cannabis sales, decriminalized certain amounts of cannabis, and improved home …