This story was reprinted with permission from Crain’s Detroit. Michigan regulators want to end the controversial conversion of CBD to THC, a method that’s plagued the state’s legal marijuana market amid basement low prices and shrinking margins. The Cannabis Regulatory Agency issued new proposed rules for the state’s regulated market Monday …
An anticipated lottery originally scheduled for Tuesday morning in Minnesota to determine initial cannabis business permit winners has been delayed indefinitely, after a state judge ruled in favor of several applicants who had filed suit against the state after being culled from the pool of lottery participants. “There’s no lottery …
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) posted record quarterly revenue in its fiscal fourth quarter and delivered strong annual growth as the Canadian licensed cannabis producer expanded its market presence in Quebec and launched new products. Revenue rose 28% to C$23.4 million in the quarter ended Aug. 31. For the full …
Holders of Acreage Holdings’ (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) fixed shares will likely get nothing when Canopy Growth (TSX: WEED) (Nasdaq: CGC) acquires the U.S. cannabis operator next month, a stark yet unsurprising reversal from the deal’s multi-billion-dollar valuation half a decade ago. A June convertible note offering severely …