Cannabis

Aurora Cannabis speeds up cost-cutting plan as quarterly results see it deep in the red

The Edmonton-based company on Thursday unveiled a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over the next 12 to 18 months.Aurora’s cost efficiencies plan will target production costs, facility and logistic expenses, organizational efficiencies and insurance and capital markets spending. (Ryan Remiorz/Canadian Press)Aurora Cannabis Inc. is on the hunt…

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UN removes cannabis from list of world’s most dangerous drugs

The United Nation’s has narrowly voted to remove cannabis from a list of the world’s most tightly controlled and dangerous drugs. Weed was previously on Schedule IV of the U.N. Commission on Narcotic Drugs’ list, alongside heroin, fentanyl analogues and other opioids that are often deadly. The decision to downgrade follows the World Health Organisation’s…

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