Akerna Corp. backed out of an agreement to sell its marijuana software businesses for $4 million to POSaBit Systems Corp. after a new bidder emerged. POSaBit, which offers payment solutions to the cannabis industry, was notified Friday that Akerna terminated the deal after a third-party proposal for the acquired companies is likely to bring in […]
Akerna Corp. backed out of an agreement to sell its marijuana software businesses for $4 million to POSaBit Systems Corp. after a new bidder emerged. POSaBit, which offers payment solutions to the cannabis industry, was notified Friday that Akerna terminated the deal after a third-party proposal for the acquired companies is likely to bring in […]
Akerna Corp. backed out of an agreement to sell its marijuana software businesses for $4 million to POSaBit Systems Corp. after a new bidder emerged. POSaBit, which offers payment solutions to the cannabis industry, was notified Friday that Akerna terminated the deal after a third-party proposal for the acquired companies is likely to bring in […]
A large-scale initiative to house the homeless in Los Angeles is bumping up against efforts to give social equity license holders and other retailers a greater role in the city’s cannabis industry. In particular, L.A. Mayor Karen Bass’ plan to build and retrofit thousands of single-family homes and multifamily units for the homeless is creating […]
New Mexico’s regulated adult-use marijuana market turned 1 year old on April 1, with first-year recreational sales totaling nearly $301 million. Recreational cannabis sales in the state for March reached a record monthly high of $32.4 million, according to data from the Cannabis Control Division (CCD) of the New Mexico Regulation & Licensing Department. ADVERTISEMENT […]
(This story is part of an occasional series on the international medical cannabis industry. The previous installment, on Denmark, is available here.) Germany imported a record amount of marijuana for medical and scientific use in 2022, according to fresh data from the country’s Federal Institute for Drugs and Medical Devices (BfArM). While the top-line number […]
Toronto-based cannabis retailer Fire & Flower ended its 2022 fiscal year with a loss of 89.5 million Canadian dollars ($66 million), according to financial and operational results released Tuesday. The company revised its fiscal year end to Dec. 31, so the 2022 fiscal year included only 48 weeks. ADVERTISEMENT Total revenue declined to CA$156 million […]
The second majority-Black-owned adult-use cannabis store in Detroit has opened in a week. High Profile Cannabis Shop, co-owned by Najanava Harvey-Quinn, opened March 25 on the city’s east side, Detroit Metro Times reported. ADVERTISEMENT The licensee, who went through Detroit’s social equity program, is considered a “legacy” applicant – a long-term resident who owns at […]
Canada’s federal government is launching a consultation that could lead to amendments to the country’s Cannabis Regulations, which govern the production of legal marijuana. The notice of intent for the consultation was included in the March 25 edition of the official Canada Gazette publication. ADVERTISEMENT The consultation opens the door to possible cannabis regulatory reforms […]
New information and research about minor cannabinoids – among the 100-200 that have been identified – is helping treat different health and wellness conditions and allowing cannabis companies to sell a wider variety of products. The products go beyond the typical THC and CBD offerings currently on store shelves, and they incorporate lesser cannabinoids such […]