Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Colombian leader sees opportunity in cannabis, but not coca
TEL AVIV, Israel (AP) — Colombian President Iván Duque has high hopes for the medical marijuana industry in a country that has been waging a costly war against a different drug — cocaine — for decades. But in an interview…
iN VIDEO: Comedians, cannabis companies push pot legalization in U.S.
NEW YORK (AP) — Big cannabis companies are backing a new, celebrity-infused campaign to enlist marijuana users to pressure members of Congress to legalize pot nationwide. Federal legalization has advanced somewhat but still faces strong headwinds on Capitol Hill. The…
Aurora reports $11.9 million loss in Q1, but says restructuring still underway
EDMONTON – Aurora Cannabis Inc. says it incurred a $11.9 million net loss in its most recent quarter, but uncovered millions more in savings from an ongoing restructuring. The Edmonton-based cannabis company says its loss in the first quarter of…
Armed robbery of cannabis store in Kelowna has RCMP asking for tips
RCMP are appealing for information from the public today following an armed robbery at a Kelowna cannabis store earlier this week. A man and woman walked into a cannabis retail outlet on Lawrence Avenue and demanded cash from an employee…
Aurora Cannabis buying stake in Dutch company Growery, to provide secured loan
EDMONTON – Aurora Cannabis Inc. says it has signed a deal to invest in a significant equity stake in Growery B.V., a Netherlands-based company that holds a license to participate in the country's controlled cannabis supply chain experiment. The size…
Organigram’s new CEO opens up about company’s future, U.S. pot legalization
For much of the COVID-19 pandemic, the leaders of Canada's biggest cannabis companies have spouted lofty ambitions linked to a U.S. pot market they strongly believe is on the brink of federal legalization and will be their ticket to profitability.…
Canopy Growth delays profitability target after $16.3M loss in Q2, facility closure
Canopy Growth Corp. pushed back its profitability target as it reported a $16.3 million loss and said it would close one of its greenhouses. The Smiths Falls, Ont. cannabis company previously predicted it would be profitable in the second half…
Alberta introduces bill to exit online cannabis sales, leave it to retailers
EDMONTON – Alberta is moving to get out of the online cannabis business and allow licensed retailers sell weed on the internet instead. Cannabis retailers would be allowed to sell some branded clothing and other accessories as well. The province…
Connecticut coastal towns taking action to ban cannabis establishments
NEW HAVEN, Conn. (AP) — With the legalization of recreational cannabis for adults and the impending start of retail sales next year, several Connecticut coastal towns are saying no, for now. Guilford, Madison and North Branford recently put in place…
Hexo auditor raises ‘substantial doubt’ about company as it reports $67.9M loss in Q4
Hexo Corp.'s auditor raised serious concerns about the company's future as it reported a $67.9 million net loss in its latest quarter. PricewaterhouseCoopers LLP said its recent review of the Ottawa-based cannabis business showed that Hexo "did not maintain, in…
Three men to be extradited to US in 15-year-old Okanagan marijuana smuggling case
Three men alleged to have been involved in smuggling marijuana in hollowed-out logs from the North Okanagan to California 15 years ago have failed to block their extradition to the United States. Following a lengthy court battle, B.C. Supreme Court…
Police aided illegal marijuana operation in Maine, feds say
PORTLAND, Maine (AP) — Two sheriff's deputies accepted new cars and an ownership stake in an operation that illegally sold more than $13 million in pot grown for Maine’s medical marijuana program, federal prosecutors said. Two other law enforcement officers…
New York state police seizures of marijuana plants fall sharply
New York State Police seizures of marijuana plants have plunged this year as the state legalized possession of small amounts of pot and some local law enforcement agencies backed off efforts to root out marijuana crops, according to a published…
Montana Supreme Court overturns man’s marijuana conviction
HELENA, Mont. (AP) — The Montana Supreme Court has overturned a man's conviction for transporting drugs after finding the arresting officers violated his constitutional right to be free from unreasonable search and seizure. Tuesday's unanimous ruling sends the case back…
This Okanagan collective is leading the fight for survival for private cannabis stores in B.C.
The fledgling Okanagan Cannabis Collective launched its first major public attack last week with a call for the resignation of Solicitor General Mike Farnworth for mishandling the cannabis file and is asking for a meeting with Premier John Horgan to…