Canadian cannabis producer CannTrust’s NYSE listing threatened
The New York Stock Exchange on Tuesday warned marijuana firm CannTrust Holdings that it could be delisted because its stock price fell below the minimum $1-a-share needed to continue to be traded on the Big Board. The Vaughan, Ontario-based firm has six months to regain compliance, the company said in a news release.
North Dakota to get final medical marijuana store
In what a regulator hailed as a sign of “successful implementation” of North Dakota’s medical cannabis program, the eighth and final dispensary in the state is expected to open Friday in Dickinson. The other dispensaries in North Dakota are in Bismarck, Devils Lake, Fargo, Grand Forks, Jamestown, Minot and Williston. North Dakota’s medical marijuana companies are hoping to see expanded business opportunities from a patient-access law that took effect in April.
– Associated Press
New Mexico medical marijuana sold to nonresidents
New Mexico’s medical cannabis program drew 215 patients from outside the state in November after legislative reforms did away with an in-state residency requirement. Nonresident patients are coming mostly from neighboring Texas and as far away as Illinois and Michigan, according to Ultra Health, the largest medical cannabis provider in New Mexico. Out-of-state patients, however, represent a small percentage of the 78,810 people enrolled in the program, which is an 18% increase over November 2018.
– Associated Press
Adult-use cannabis stores post strong sales in Michigan
Michigan’s five recreational marijuana stores sold more than $1.6 million in the eight days of legal rec sales in the state. Three of the shops either were sold out or had limited supplies of cannabis products, the Detroit Free Press reported. When adult-use cannabis sales began in Michigan on Dec. 1, people lined up for blocks in front of stores in Ann Arbor.
Published at Tue, 10 Dec 2019 23:25:12 +0000