Consumer sales of recreational cannabis products rose in every Canadian province during in March 2023, according to newly released data by Statistics Canada. Sales rebounded strongly to 405.5 million Canadian dollars ($300 million), up 11.3% from the previous month and 12.8% compared to the same period last year. ADVERTISEMENT It’s the second time Canada’s cannabis […]
Bassam Alghanim, chairman of Canadian licensed cannabis producer BZAM Ltd., is investing five million Canadian dollars ($3.7 million) in the company. The non-brokered private placement will include 22,222,223 units of the Vancouver-based company for 0.225 Canadian cents, according to a news release. ADVERTISEMENT Alghanim was appointed chairman of the board on Jan. 24. In a […]
Bassam Alghanim, chairman of Canadian licensed cannabis producer BZAM Ltd., is investing five million Canadian dollars ($3.7 million) in the company. The non-brokered private placement will include 22,222,223 units of the Vancouver-based company for 0.225 Canadian cents, according to a news release. ADVERTISEMENT Alghanim was appointed chairman of the board on Jan. 24. In a […]
The U.S. Drug Enforcement Administration is proposing changes to federal drug-control laws that could effectively ban nearly all delta-8 THC products currently on the market and significantly upend the country’s $5 billion CBD industry, according to a presentation at a recent agency conference. Products containing delta-8 THC and other cannabinoids derived from hemp, legalized nationwide […]
Bassam Alghanim, chairman of Canadian licensed cannabis producer BZAM Ltd., is investing five million Canadian dollars ($3.7 million) in the company. The non-brokered private placement will include 22,222,223 units of the Vancouver-based company for 0.225 Canadian cents, according to a news release. ADVERTISEMENT Alghanim was appointed chairman of the board on Jan. 24. In a […]
Bassam Alghanim, chairman of Canadian licensed cannabis producer BZAM Ltd., is investing five million Canadian dollars ($3.7 million) in the company. The non-brokered private placement will include 22,222,223 units of the Vancouver-based company for 0.225 Canadian cents, according to a news release. ADVERTISEMENT Alghanim was appointed chairman of the board on Jan. 24. In a […]
Florida Attorney General Ashley Moody filed a petition with the Supreme Court of Florida this week, arguing that the Adult Personal Use of Marijuana ballot initiative is unconstitutional. Text of the proposed constitutional amendment must be approved by the state Supreme Court. ADVERTISEMENT As of last month, Florida cannabis advocates had collected more than 600,000 […]
Florida Attorney General Ashley Moody filed a petition with the Supreme Court of Florida this week, arguing that the Adult Personal Use of Marijuana ballot initiative is unconstitutional. Text of the proposed constitutional amendment must be approved by the state Supreme Court. ADVERTISEMENT As of last month, Florida cannabis advocates had collected more than 600,000 […]
The Canadian federal government’s revenue service is ramping up pressure on cannabis producers with outstanding excise debt, MJBizDaily has learned, adding more pressure on companies that already are struggling financially. The Canada Revenue Agency (CRA) is said to be raising the possibility of garnishment, liens on plant property and equipment, and legal action. ADVERTISEMENT Excise […]
The Canadian federal government’s revenue service is ramping up pressure on cannabis producers with outstanding excise debt, MJBizDaily has learned, adding more pressure on companies that already are struggling financially. The Canada Revenue Agency (CRA) is said to be raising the possibility of garnishment, liens on plant property and equipment, and legal action. ADVERTISEMENT Excise […]