Aurora posts positive adjusted EBITDA on marijuana sales growth

Edmonton, Alberta-based Aurora Cannabis posted positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) worth 1.4 million Canadian dollars ($1 million) in its second fiscal quarter of the year, the company announced late Thursday. The positive adjusted EBITDA, a non-GAAP financial measure, was in line with Aurora’s prior guidance. ADVERTISEMENT The company’s net loss […]

Minnesota Marijuana Legalization Bill Clears Fifth Senate Committee, With Former Governor Delivering Impassioned Endorsement

A bill to legalize marijuana in Minnesota cleared its fifth Senate committee on Thursday—and it received an impassioned endorsement in testimony from the state’s celebrity former governor, Jesse Ventura. The Senate Environment, Climate, and Legacy approved the legislation from Sen. Lindsey Port (D) in a 5-4 vote on Thursday. The measure is expected to go […]

Canopy Growth to shutter Ontario headquarters, lay off 35% of staff

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Judge sides with Washington state over cannabis residency requirement

A U.S. judge ruled that Washington state’s residency requirement for cannabis company owners and investors is constitutional. According to the Associated Press, the judge said a lawsuit arguing that the requirement violates Congress-regulated interstate commerce can’t be unconstitutional because interstate marijuana commerce doesn’t exist. ADVERTISEMENT “Although Washington’s ‘legalization’ of cannabis certainly does not align with […]

Bipartisan Senators File Revised Veterans Marijuana Research Bill, With House Companion Set To Drop Next Week

Bipartisan senators on Thursday refiled a bill to promote cannabis research for military veterans, and a congressional source close to the negotiations tells Marijuana Moment that a House companion will be introduced next week. The VA Medicinal Cannabis Research Act is intended to mandate studies by the U.S. Department of Veterans Affairs (VA) to explore […]

Louisiana’s largest medical marijuana producer doubling capacity

Good Day Farm, the largest medical marijuana producer in Louisiana, is doubling production capacity this year amid strong patient demand and new regulations expanding access. The multistate operator and the private partner of the Louisiana State University AgCenter – one of only two locations in the state approved to legally cultivate medical cannabis – is […]

Ontario stunt driving stop leads to fentanyl bust and two arrests

A traffic violation has led to multiple charges against two Ontario men, including drugs and proceeds of crimes offences. Orillia OPP made the arrests after an officer on patrol observed a Highway Traffic Act violation on Highway 400, reports Muskoka 411. The driver, aged 26, was arrested on stunt driving charges. Police recovered more than […]

Colorado launches energy-efficiency program for cannabis cultivators

Colorado is offering “free technical assistance and access to financing for cannabis cultivators” as part of a program to boost energy efficiency. The inaugural round of applications for the Cannabis Resource Optimization Program (CROP) will open Feb. 15, according to a Thursday news release from the Colorado Energy Office (CEO). ADVERTISEMENT The move follows a […]

New Jersey eliminates marijuana cultivation license cap

In a bid to boost a sagging adult-use marijuana market and encourage minority participation, New Jersey state regulators abolished the state’s cultivation license cap. New Jersey’s legalization law capped the number of large cultivation licenses at 37 for an initial two-year period, but that restriction expires Feb. 22. ADVERTISEMENT To encourage growth in a still […]

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