California Cuts Marijuana Tax Revenue Projections

California is paying a price for the shaky rollout of its legal marijuana market.

State budget documents released Thursday show the Newsom administration is sharply scaling back what it expects to collect in cannabis tax revenue through June 2020 — a $223-million cut from projections just four months ago.

The reduced income for the state treasury means that slower-than-expected pot sales are punching a hole in California’s budget. Continue reading “California Cuts Marijuana Tax Revenue Projections”

High Park Farms™ Receives Cannabis Sales License from Health Canada

High Park Farms™ Ltd., a subsidiary of Tilray, Inc. (NASDAQ: TLRY), announced today that it has received its sales license from Health Canada to sell cannabis under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The license will allow High Park Farms to supply and sell finished cannabis products within the ACMPR as well as sales in anticipation of the launch of the adult-use market in Canada upon its legalization on October 17, 2018. Continue reading “High Park Farms™ Receives Cannabis Sales License from Health Canada”

TGOD and Aurora Cannabis Extend Agreement

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”)(TSX:TGOD)(US:TGODF) announces it has agreed with Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) to extend Aurora’s exercise deadline of its first milestone option (the “Milestone Option”) under the TGOD Aurora Investor Rights Agreement by 6 weeks to October 12, 2018. The first Milestone Option entitles Aurora to acquire an additional 8% of the common shares of the Company. Continue reading “TGOD and Aurora Cannabis Extend Agreement”

Rhode Island Attorney General launches anti-recreational marijuana legalization campaign

Rhode Island’s attorney general is launching a campaign against the legalization of recreational marijuana in the state. Attorney General Peter Kilmartin, a Democrat, says he’s announcing a united opposition campaign at his office Thursday. Continue reading “Rhode Island Attorney General launches anti-recreational marijuana legalization campaign”

Another Day, Another Anti-Marijuana Cabinet Appointee by Trump

President-elect Donald Trump on Tuesday named Rep. Tom Price (R-Ga.) as his pick for Health and Human Services secretary, a position that could offer the anti-marijuana legislator more control over medical access to the drug. Continue reading “Another Day, Another Anti-Marijuana Cabinet Appointee by Trump”