Adam Jackson

Florida

Staff Reporter at Green Market Report

Reporter @greenmarketrpt | Email me at [email protected]

Articles

Minnesota cannabis licensing process advances, but delays expected

1 week ago | greenmarketreport.com | Adam Jackson

The Minnesota Office of Cannabis Management announced Monday that its final cannabis rules have been published in the state register, officially putting them into effect after receiving approval from an administrative law judge earlier this month. “The adoption of rules is the most significant step to launching the cannabis market because the office cannot issue business licenses until they are in place,” Interim Director Eric Taubel said in a statement.
Rhode Island finalizes long-awaited retail cannabis expansion

1 week ago | greenmarketreport.com | Adam Jackson

Rhode Island’s Cannabis Control Commission voted Friday to approve a comprehensive set of regulations that will govern the state’s recreational marijuana market, according to the Rhode Island Current. The new rules clear the way for the expansion of retail operations nearly two and a half years after legalization. “These are truly homegrown, just like our cultivators,” Commission Chairperson Kimberly Ahern said following the panel’s vote.
Avicanna caps record year of sales as it swims out of the red

1 week ago | greenmarketreport.com | Adam Jackson

Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) reported fourth quarter revenue of $6.6 million for the period ending Dec. 31, 2024, concluding a year of some stability in the Canadian biopharmaceutical company’s commercial ventures. The Toronto-based cannabinoid-focused achieved $25.5 million in annual revenue, a 52% rise from 2023. Still, it posted a fourth-quarter net loss of $440,094, a significant improvement versus the $2.4 million loss reported in the same quarter of 2023, according to filings.
Philadelphia cannabis investor wins nearly $25M in fraud case against former partners

1 week ago | greenmarketreport.com | Adam Jackson

A Philadelphia judge upheld a nearly $24.5 million award to a cannabis entrepreneur who claimed her business partners fraudulently induced her to reduce her ownership stake in a marijuana company without disclosing it was about to be sold for millions, Law360 first reported.
MindBio Therapeutics nabs $170,000 private placement, $1.76M debt settlement

2 weeks ago | greenmarketreport.com | Adam Jackson

MindBio Therapeutics Corp. (Frankfurt: WF6) (CSE: MBIO) on Friday announced a new financing package that includes a private placement and substantial debt settlements to help strengthen its cash position. The company plans to raise up to $170,000 via a non-brokered private placement of 15.45 million common shares priced at $0.011 per share, according to a news release.
Israel slaps high tariffs on Canadian cannabis

2 weeks ago | greenmarketreport.com | Adam Jackson

Israel took a firm stance against Canadian cannabis imports with the announcement of steep tariffs on the products. Israel’s minister of economy and industry plans to impose tariffs as high as 165% on Canadian cannabis imports for the next four years, according to StratCann. The decision, which still requires approval from Israel’s Knesset Finance Committee and Finance Minister, follows allegations of “product dumping” into the Israeli medical cannabis market.
Stock moves: SNDL lists on CSE, IM Cannabis receives Nasdaq delist warning

2 weeks ago | greenmarketreport.com | Adam Jackson

SNDL Inc. (Nasdaq: SNDL) began trading on the Canadian Securities Exchange under the symbol SNDL, while maintaining its Nasdaq listing. Meanwhile, IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) said it received word from Nasdaq that it no longer complies with the minimum stockholders’ equity requirement for continued listing, giving the company until May 26 to submit a compliance plan.
Cannabis industry navigates tariff shakeup with resilience akin to COVID days

2 weeks ago | greenmarketreport.com | Adam Jackson

As markets whipsaw in memecoin-fashion since the beginning of President Donald Trump’s on-again, off-again tariffs against various other nations, cannabis executives are navigating the recent surge in U.S. levies, particularly on Chinese goods. Marijuana businesses have been reacting with relatively less alarm than other sectors, partially due to the industry’s domestic supply chain advantages and experience with previous market disruptions during the COVID-19 pandemic.
Dutch coffee shops kick off government-sourced cannabis sales

2 weeks ago | greenmarketreport.com | Adam Jackson

The Netherlands launched a new phase in its cannabis regulation initiative this week, requiring participating coffee shops in various cities to sell only marijuana products sourced from government-authorized growers. The expansion, first announced in 2022, aims to eliminate a long-standing legal loophole in Dutch policy, where selling cannabis was mostly tolerated but production remained illegal. “Weed was sold here legally for 50 years, but the production was never legal.
Hemp industry calls out FDA for its 'inconsistent stance' on regulation

2 weeks ago | greenmarketreport.com | Adam Jackson

More than half a decade after the U.S. Congress legalized the plant, hemp industry folks once again sat before a legislative committee to ask for clear federal regulations for hemp products. However, their appeals were largely overshadowed by heated debate around issues within the Food and Drug Administration itself.