New York adult-use marijuana stores ‘on track’ to open this year, governor says

New York is “on track” to open 20 adult-use cannabis dispensaries this year, Gov. Kathy Hochul said. The governor also said in an exclusive interview with the Advance Media New York editorial board that roughly 20 more stores will open each month after that, according to The (Syracuse) Post-Standard. ADVERTISEMENT There has been some doubt […]

Aurora Cannabis repurchases $23 million worth of debt

Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes. The repurchase of some of the notes cost Aurora CA$29.8 million in cash, according to a Friday morning news release, with Aurora paying a 5.45% discount to the notes’ par value. […]

Jimmy Kimmel applauds President Joe Biden’s ‘cannabis-friendly decision’

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As travel restrictions ease, CBSA reminds Canadians not to cross the border with cannabis

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Biden Weed Pardon Spurs Reaction From Cannabis Community and Beyond

President Joseph Biden’s historic announcement that he would pardon all federal marijuana possession convictions and direct administration officials to study easing restrictions on the drug sent shockwaves across the country on Thursday, with activists, cannabis industry officials, pundits, and policymakers all weighing in on the issue. Biden announced the move on Thursday, finally taking the […]

Tilray reports $66 million loss as cannabis sales decline

Cannabis and alcohol company Tilray Brands lost $65.8 million (90 million Canadian dollars) in the first quarter ended Aug. 30 as net revenue declined 9% year-over-year to $153.2 million. Tilray was hit by volatile currencies in the quarter, which shaved as much as $13.3 million off the company’s sales figure in the June-August period, the […]

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