HEXO Cuts 142 Jobs at the Atholville Cannabis Factory in New Brunswick
HEXO Corp. (TSX:HEXO)(NASDAQ:HEXO), Canada's largest cannabis producer by market share, is eliminating 142 jobs at its factory in Atholville, in northern New Brunswick. This is the old Zenabis factory. According to the village mayor, Jean-Guy ... [Read]
Element 7 Opens Three New Cannabis Stores in California as Part of Their Expansion Process
Element 7 is speeding up its expansion processes as it opened three new stores in Mendota, Willits, and Chula Vista this week. The three stores were opened in seven days as the company continues to ... [Read]
Canadian Cannabis Operators Urge Changes To Excise Tax As Pot Prices Drop
The drop in the price of cannabis has made Canadian cannabis operators ask lawmakers to amend the current excise taxes levied on marijuana production and sales. Globe and Mail reported that the flat-fee tax structure is disadvantageous ... [Read]
Cannabis Update: Maryland House Work Group Meeting, California County Penalties For Illegal Weed Farms, Green Dragon Workers Unionize
The cannabis world was busy this week with a lot of different news to be aware of. Here are some highlights that might catch your attention. Maryland House Work Group On Cannabis Legalization Schedules First ... [Read]
Tilray May Acquire Half of HEXO Under Revised Agreement
Tilray Brands, Inc. (TSX:TLRY)(NASDAQ:TLRY) and HEXO Corp. (TSX:HEXO)(NASDAQ:HEXO) announced Tuesday that they have revised the terms of a $211 million debt deal signed by the cannabis companies that could see Tilray own a stake in ... [Read]
Thailand Legalizes Marijuana With Regulations on How It Should Be Used
On Thursday, Thailand became the first Southeast Asian country to legalize cannabis, CNN Travel reported. Cannabis was delisted from the Category 5 narcotics list to allow Thais to legally grow cannabis plants at home and sell ... [Read]
Aging Millennials Leading the Way as the Cannabis Tourism Industry Flourishes Into a $17B Industry
After the pandemic and the economic crisis that followed, governments, sectors, businesses, and regulators have pointed out cannabis tourism as a driver of economic development. According to a report featured in Forbes by journalists Will Yakowicz and ... [Read]
Connecticut Approves Bill to Punish Gifting Marijuana at Cannabis Bazaars by up to $1,000 Fine
Connecticut lawmakers, on May 4, approved a bill that would ban the gifting of items such as marijuana at cannabis bazaars. In late April, the bill advanced through the house after the Senate approved it in a ... [Read]
Cannabis Updates, Virginia Lawmakers With a New Cannabis Law, North Carolina to Legalize Cannabis, Cannabis News From Thailand, and Other Updates
Cannabis continues to stay in the headlines as events continue to unfold. In the U.S., some states have legalized cannabis, while some are about to. Lots of events happened in the cannabis world this past ... [Read]
Item 9 Labs Signs Agreement to Acquire Sessions Cannabis, One of Canada’s Largest Cannabis Retail Franchise (INLB)
Item 9 Labs Corp (OTCQX: INLB), a vertically integrated cannabis dispensary franchisor and operator that produces premium and award-winning products, has continued its merging and acquisitions spree in 2022. After acquiring ONE Cannabis Group (“OCG Inc.”), ... [Read]