Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids.

The filing was anticipated before and after the tentative deal, which could be worth up to $12 billion over time, was struck.

The marijuana stock market has shifted dramatically over the past few years. In that time, cannabis stocks have climbed to new heights, with the industry moving even closer to the future. Projections for the industry show the market reaching the triple-digit billions by the next decade or so. Although this might be a high expectation, even if the industry reached half that amount of growth, it would be very substantial.

The launch of the next wave of cannabis stores set to open in Ontario this October will be delayed after a provincial judge suspended the province’s regulator from issuing any new pot shop licences for two weeks.

Justice David Corbett said he will rule on Sept. 25 whether 11 disqualified cannabis retail lottery winners should resume the application process for a coveted pot shop licence in Ontario or let people on a waiting list take their place.

In an effort to avoid complicating the tangled nature of the lottery winner and waiting list process, all licences will be on hold until he can make a final ruling, the judge ruled. 

The CannTrust Holdings (NYSE:CTST) scandal just keeps on getting bigger.

A hazy rollout of new rules surrounding the promotion of cannabis products has left some Edmonton-area retailers feeling perplexed.

Starting on Oct. 17, any public advertisement for cannabis products or retailers can legally have a surface area no larger than 300 square centimetres — though it remains unclear what exactly this restriction applies to.

For reference, the surface area of a standard piece of printer paper is just over 600 sq. cm.

If two’s a company and three’s a crowd, what does five make? When it comes to legal cannabis stores in Toronto’s downtown, that can only mean one thing: being spoilt for choice.

From the iPad-wielding budtenders to the mandatory “you shall not pass” ID checks, these five stores are located centrally downtown and within walking distance or accessible by transit.

Disguised as a potential first-time customer, a TGO team member went on a tour and was accompanied by Sandra Castillo, an account executive for Toronto-based PR and marketing company DECK Agency, which has no affiliation with any of the stores.

Canna Cabana

435 B Yonge St.

When Canopy Growth Corp. announced a plan to acquire cannabis researcher Ebbu Inc. for US$330 million last October, it touted the company’s intellectual property as the primary reason for the deal, mentioning it five times in the short press release.

A year later, Canopy is struggling to turn that intellectual property into patents. One of Ebbu’s first applications was rejected twice by the U.S. Patent and Trademark Office. When it was then narrowed significantly in a renewed attempt at approval, it was rejected a third time.

Harvest One Cannabis Inc. (“Harvest One” or the “Company“) (TSX-V: HVT; OTCQX: HRVOF), through its wholly-owned subsidiary United Greeneries Ltd. (“United Greeneries”) announces that, on September 6, 2019, it obtained an amendment to its licence from Health Canada which will allow for the sale of cannabis oil products.

With more states legalizing cannabis for medical or adult use, the industry is rapidly growing, with employment predicted to rise by 34% in 2019, according to Marijuana Business Daily's 2019 Marijuana Business Factbook. So, it's no surprise that increasing numbers of people in other industries are looking to work in cannabis.

The marijuana stock market has been waiting for a solid push for some time now. With so many companies entering the industry, it seems as though the competition is at an all-time high. The competition that we have seen however has been very positive as many companies are working to innovate in such a new industry.