Canopy Growth’s planned entry into the U.S. marijuana market has hit another hurdle – this time over the cannabis producer’s ties to its largest investor. Fitch Ratings downgraded its credit assessment of the Ontario, Canada-based Canopy to CCC-, one of its lowest ratings. CCC carries “substantial credit risk” such that default is a real possibility. […]
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A marijuana legalization ballot initiative in Arkansas is trailing significantly behind, according to a new poll released just days ahead of Election Day. The survey from the University of Arkansas found that 41 percent of adults in the state support the cannabis reform measure, while 59 percent are opposed. Early polling gave the Responsible Growth […]
A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. But the report also shows that some states that have legalized cannabis have failed to set clear […]
Sales of adult-use cannabis in Canada are slowing more quickly than expected, according to a new report, and at least one analyst says structural changes are needed for the nation’s industry to recover growth momentum. A report, written by Toronto-based analyst Frederico Gomes of ATB Capital Markets, notes that Canadian marijuana retail sales grew an […]
The mayor of St. Louis said she opposes Missouri’s Amendment 3, which would legalize adult-use marijuana, signaling a deeper divide on the issue among Black officials and organizers in the state. “If we choose the path of a constitutional amendment to resolve the matter of legalization, it would have to be forward-thinking, flexible and most […]
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Sign up for Weekend Dispensary to get the latest cannabis news and exclusive articles delivered straight to your inbox. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia […]
Hawaii’s ongoing debate to authorize recreational cannabis sales took another step forward with the release of a new state report. The state tax department projects the legalization of adult-use marijuana would generate $50 million in tax revenues, Honolulu-based media outlet Hawaii News Now reported. ADVERTISEMENT The report was sent to the Dual Use of Cannabis […]
An undercover investigation in Virginia ended with the arrest of an off-duty Pentagon police officer by the Arlington County Police Department last Friday. The ACPD issued a press release on Halloween which said their detectives had been investigating Welch for possibly selling drugs based on evidence for which they did not offer specifics. The investigation […]