Tag: Marijuana Business Daily

Canopy’s revenue plunges as challenges pile up in Canadian cannabis sector

Canopy Growth’s net revenue plunged 15% compared to the previous quarter, which the Ontario-based company attributed to a “challenging” period in the Canadian cannabis sector marked by provincial wholesalers reducing purchases and disappointing retail store openings. Canada’s biggest cannabis producer by market capitalization said revenue adjustments ballooned 309% sequentially to 32.7 million Canadian dollars ($25

Georgia MMJ

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Western Australia cuts red tape for medical cannabis in boost for patients, industry

Australia’s western-most state is making it easier for patients to access medical cannabis. Western Australia announced yesterday that general practitioners will be allowed to prescribe medical marijuana without the need for referral to a specialist, bringing the state in line with other jurisdictions, including New South Wales, Queensland and Victoria. The state is expected to

Proposed law in North Macedonia to allow cannabis flower export tabled

A North Macedonian draft bill that proposed modifications to the current medical cannabis framework has been removed from parliament’s agenda, according to Telma Television. The bill would have created a legal framework for the export of cannabis flower, which is currently not possible. That means local companies that have been stockpiling flower for export are going to

Nevada lawsuit

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California Marijuana Notebook: Emerald Triangle growers show confidence in market health, but prep for challenges ahead

After a turbulent transition into a legal market in 2018, marijuana cultivators and other cannabis companies in California’s famed Emerald Triangle are finally finding their footing and are optimistic about the future a they finish off the fall harvest. California Marijuana Notebook: Emerald Triangle growers show confidence in market health, but prep for challenges ahead

Canadian, overseas medical cannabis sales drive Tilray revenue higher

British Columbia-based cannabis producer Tilray reported quarterly revenue of $51 million, an improvement from the previous quarter’s $46 million and in line with consensus estimates. The higher revenue was driven by medical sales in Canada and overseas. Bulk shipments of medical cannabis and direct-to-patient sales within Canada rose to almost $14 million in the quarter