Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) posted fourth-quarter revenue of $6.6 million for the period ending Dec. 31, 2024, wrapping up a year of some stability in the Canadian biopharmaceutical company’s commercial ventures. Still, it posted a fourth-quarter net loss of $440,094, a significant improvement versus the $2.4 million loss …
At least one of the major national marijuana trade organizations says it’s still hopeful that federal cannabis rescheduling will be completed under the new administration of President Donald Trump, but a spokesman said the timeline is completely up in the air for now, given the breadth of other political priorities …
This article is reprinted with permission from Crain’s Detroit Business. Michigan marijuana prices stabilized in March as sales recovered from a three-month slide. The average price for an ounce of adult-use marijuana flower dropped only a tenth of a percent in the month to $65.14, the smallest slide since 2020. …
Israel took a firm stance against Canadian cannabis imports with the announcement of steep tariffs on the products. Israel’s minister of economy and industry plans to impose tariffs as high as 165% on Canadian cannabis imports for the next four years, according to StratCann. The decision, which still requires approval …