MedMen to Lay off 190 Workers in Profit Push
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
Cannabis Operator Nixes Deal, Fires CFO
MedMen is opting out of a transaction with Pharmacann as it increases its focus on profitability, says CEO Adam Bierman.
KPMG Withdraws Two Audits for CannTrust
The Canadian cannabis company is embroiled in a scandal over an unlicensed grow facility.
Global Cannabis Sales Could Hit $15B This Year
The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.
KushCo Loss to Double With Earnings Correction
The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.
Pot Retailer Green Growth to Bid $2B for Aphria
The combined company would "marry Aphria’s low-cost [cannabis] cultivation and near-term production capacity with Green Growth’s vast retail know-how."
Altria Makes Big Investment in Cannabis Company
Altria Group agreed to buy a 45% stake in leading cannabis company Cronos Group for about $1.8 billion.
Banking, Tax Regs Eat Into Marijuana Profits
The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.
The Bud Starts Here
The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.