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Aurora Reports 20% YoY Uptick In Global Medical Marijuana, Expects Benefits From International Cannabis Regulatory Reforms

By Jelena Martinovic
June 20, 8:59 AM
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) announced on Thursday its financial and operational results for the fourth quarter and fiscal year 2024.The company reported a 5% year-over-year increase in revenue to CA$67.4 million ($49.1 million) in the fourth quarter. Global medical cannabis net revenue grew by 20% over the same period to CA$45.6 million. The increase in net revenue1 of $7.7 million was primarily due to higher sales to Australia and Europe in the current period following the success of newly launched innovative cultivars in these markets. 

ACB

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2 minute read

Germany Sets THC Limits For Drivers, Opposition Groups Say It’s Too High

By Jelena Martinovic
June 7, 11:22 AM
Lawmakers in Germany have set a maximum allowed limit of THC – tetrahydrocannabinol, a psychoactive substance found in the cannabis plant- for drivers to have in the blood. The Bundestag, the country's lower house of parliament, introduced this week a limit of 3.5 nanograms per milliliter. As DW highlighted that's an equivalent to 20 milligrams of alcohol per 100 milliliters of blood. The decision builds on a recommendation by an expert panel commissioned by the Transport Ministry.

ACB

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4 minute read

Executive Changes In Marijuana Industry You Should Know About, New Cannabis Appointments & More

By Jelena Martinovic
June 3, 9:58 PM
Slightly over a year following Gov. Dan McKee's decision to appoint three experts to the Cannabis Control Commission with a task to regulate, license and control the medical and recreational cannabis markets in Rhode Island, the agency is about to get a leader. One of Oklahoma's top cannabis regulators Michelle Reddish is nominated by Gov. McKee to become Rhode Island's first cannabis administrator, reported Oklahoma Voice.In the meantime, nearly a dozen either cannabis companies or businesses related to the plant saw board changes recently.

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3 minute read

Cannabis Slowdown In Canada: Analyst Spotlights What Still Sells And Where The Money Is Going

By Nicolas Jose Rodriguez
June 3, 5:00 PM
In a recent report, Pablo Zuanic of Zuanic & Associates analyzed trends in Canada's recreational cannabis market through May 2024. The report highlights a deceleration in market growth and notable shifts in sales dynamics among leading licensed producers (LPs).

ACB