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But Canada's largest pot retailer posted a net loss of $4.8 million in its third quarter as expenses continue to mount for the company that now has 34 stores open.

The governor of America's fourth most populous state wanted to legalize recreational cannabis use this year, but had to settle for decriminalization of pot.

The Ontario-based company's subsidiary Marigold Projects was granted a retail licence from Jamaican authorities and it plans to open four more pot shops, pending further approval.

The latest distribution deal with Kroger gives the Colorado-based company a total of five tie-ups with major U.S. retailers to ship its hemp CBD topical products into a total of 8,000 U.S. locations.

The British-based tobacco firm and the Canadian pot company say the sizeable deal will help both execute their global cannabis vape plans.

Aurora and the UFC plan to conduct clinical trials to study how CBD can help the elite athletes and the results will be used develop a new line of hemp-derived topical products.

CannTrust CEO Paul Aceto has been "terminated with cause" by the company's board, while chairman Eric Paul was asked to resign and he agreed to do so.

The Globe and Mail and BNN Bloomberg released troubling reports this week alleging CannTrust CEO and company executives were made aware of illegal growing in November.

Canadians spent more than $85 million on legal pot in May, an $11 million increase over April, on the back of new stores opening in Ontario and B.C.

The province's new rules will ban pot-infused candies, chocolates, desserts as well as skin creams and topical products before those items become legal in Canada later this year.

The Quebec-based retail giant's $26 million investment will help Fire & Flower expand its presence of 23 cannabis stores in Alberta, Saskatchewan and Ontario.

The Calgary-based company announced terms and aims to raise US$130 million with its initial public offering on the Nasdaq.

The FDA issued a warning letter to the largest cannabis company based in the U.S. for illegally selling and providing unproven claims online for its CBD products.

The deal will give Supreme access to Truverra's 5,000 square-foot licensed facility the company plans to turn into a state-of-the-art extraction lab to develop next-generation cannabis products.

Health Canada has only approved only 65 of approximately 600 cannabis research applications since legalization took place Oct. 17, according to a recent CTV News report.

Illinois-based Cresco Labs, one of America's larger multi-state cannabis operators, wants to sell medical and recreational pot next to the iconic stadium that hosts the Chicago Cubs.

The Edmonton-based pot producer will supply 400 kilograms of medical cannabis to Italy under the contract, but securing the bid at $2.54 per gram may actually hurt Aurora's bottom line.

While cannabis producer CannTrust awaits enforcement action from Health Canada, reports have surfaced a potential buyer could swoop in to rescue the embattled company.

Green Growth's deal to enter 500 American Eagle stores marks its third partnership with a major wholesale distributor this year that includes Abercrombie & Fitch and DSW shoes.

The Edmonton-based pot company said it will focus on research and development at its 207-acre operation in Westwold, B.C., and at a 21,000 square-foot field in Lachute, Que.

The U.S. Food and Drug Administration (FDA) said last week it is speeding up its efforts to create rules for CBD and plans to publish a report on its progress by early fall.

The Massachusetts-based company said the deal with Grassroots will make it the largest marijuana company in the world and will bring its products into 19 states, up from 12.

U.S. cannabis market research firm Brightfield Group says the American CBD market will reach US$5 billion this year due to hemp legalization and more retail chains carrying CBD products.

The Vancouver-based pot company is the first to have its licences revoked from the federal regulator for allegedly selling cannabis products to the black market last year.

The Toronto-based cannabis company said its new extraction lab will process low-cost weed from its outdoor farm the company just finished planting.

Negative headlines and an industry-wide struggle to record profits have been hurting investor confidence in cannabis stocks in 2019.

CannTrust stock tumbles further on a Globe and Mail bombshell report with allegations the company hid illegal grow rooms from Health Canada with fake walls.

Democrat Governor David Ige says the new bill could lead to further legalization efforts “and other mechanisms to make marijuana more available.”

Both Republicans and Democrats discussed ways to end U.S. federal cannabis prohibition at a landmark Congressional hearing on July 10.

The Ontario Cannabis Store said it won't be selling CannTrust's pot products until Health Canada conducts its investigation on how the company grew weed illegally.

Green Growth said combining with Moxie will create the first “360 degree” cannabis company offering consumers both THC and CBD products in major U.S. retail locations coast-to-coast.

Statistics Canada latest quarterly report from crowdsourced data showed a gram of legal pot costed $10.65 over the $5.93 price tag for illicit weed.

Billionaire rapper Jay-Z is jumping in the cannabis space as a chief brand strategist for Caliva, one of California's largest vertically integrated pot companies.

According to U.S. federal data, at the end of March there were 493 banks and 140 credit unions that handled transactions relating to the cannabis industry.

The Ontario cannabis producer has 12,700 kilograms of dried cannabis on hold by Health Canada, which is estimated to be worth around $70 million.

Researchers found the number of U.S. high school students who said they used pot at least once a month jumped from 0.6 per cent in 1991 to 6.3 per cent in 2017.

National inventory levels of unfinished and unpackaged cannabis continued to rise in April, according to a report Health Canada released last month.

“Illinois is going to be a huge market. I want to be on the shelves come January 1."

One-in-four medical cannabis users said supply issues have been preventing them from getting the medicine they need, according to a survey commissioned by Canadian Pharmacists Association and two other groups.

The Alcohol and Gaming Commission of Ontario will hold a lottery on Aug. 20 to issues the next 42 retail store licenses. Another eight stores will open in First Nations communities through a separate process.