Category: Breaking News

Cannabis Regulators Revisit Massachusetts Mayor Bribery Case

All evidence in that case was sealed from the public on December 11, 2018. Correia was arrested last September for allegedly attempting to extort cannabis companies for hundreds of thousands of dollars in cash for “non-opposition” letters. The 27-year-old mayor is accused of illegally generating at least $600,000 from the scheme along with agreements for a cut of future profits from the companies.

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Prohibition Partners Launches the European Cannabis Report: 5th Edition

They write, “The European Cannabis Report: 5th Edition offers an in-depth individual analysis of the countries and companies that are operating at the cutting edge of the European cannabis space, and details the key trends that will shape the future of these countries and the wider European market in years to come.”

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Supreme Cannabis Company Lays Off 15% Of Staff

By Supreme Cannabis’ own count, they laid off 33% of their corporate staff and 13% of their operational staff, amounting to 15% of the total staff. The “rightsizing of production, overhead and capital expenditures,” comes only 13 days after Supreme sent around an email celebrating the completion of construction at their 7 Acres facility in Port Elgin, ON, and two days before the company is due to report its financial results for the period ending December 31, 2019.

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Report: Marijuana and Real Estate: A Budding Issue

The legalization of marijuana has started to impact the real estate industry. If marijuana is legal within a state, the product is grown, harvested, stored, sold, and consumed within state lines. As such, commercial practitioners are finding increased demand for land, warehouses, and store fronts for marijuana. Residential practitioners are navigating an environment of marijuana being
used within rental properties, homeowner associations creating rules about
consumption and growth, and title questions selling a home where the
product has been grown and consumed. This report dives into these themes
using a survey among members of the National Association of REALTORS®.

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Saint Vincent and the Grenadines Looking For Foreign Investment Into Medical Cannabis

Cannabis Wire Reports, “The announcement, which was made as a part of the unveiling of the country’s National Budget last week, comes after investments in the cannabis industry generated US $5.2 million in tax revenue and licensing fees in 2019, far outpacing the US $1.8 million projected after the legalization of cannabis cultivation and sales for medicinal purposes in December 2018. “

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Aurora Report $US980 million net loss

Aurora Cannabis Announces Second Quarter 2020 Results and it’s even uglier than some thought. Take a look at low patient numbers and this too.. “Cannabis net revenue of $63.2 million, excluding provisions, in Q2 2020 compared to $70.8 million in Q1 2020”

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Ontario Attorney General Press Release: Ontario Launches Consultations on Expanding Cannabis Business Opportunities

“Ontario continues to take a responsible approach to cannabis retail sales across Ontario, allowing private sector businesses to build a safe and convenient retail system to combat the illegal market while keeping our kids and communities safe,” said Attorney General Doug Downey. “We are asking Ontarians to share their feedback as we explore certain expanded cannabis-related business opportunities as part of our responsible approach to protecting families and communities. What we hear from the public and expert groups will help to inform possible next steps.”

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American Cannabis Consulting, Inc

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