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2020 Was The Year Of Edibles Due To The Global Pandemic, Report Shows
Monday, January 11, 2021 - 11:56am | 178Read More...Edibles were the cannabis product of 2020. According to cannabis analytics firm Headset, data shows how sales of both recreational and medical edibles jumped by 60% across California, Colorado, Massachusetts, Michigan, Nevada, Oregon and Washington. In total, sales reached $1.23...
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Cannabis Job Outlook In 2021 Is 'Strong' Despite Suffering Layoffs Throughout 2020
Thursday, December 31, 2020 - 9:32am | 2178Read More...This year was a rollercoaster ride for the cannabis industry, which had its fair share of highs and lows. There were legalization breakthroughs, while various cannabis companies enforced massive layoffs. However, there were also those that did quite a bit of...
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DEA Could Issue Additional Cannabis Cultivation Licenses In 2021
Monday, December 28, 2020 - 2:34pm | 311Read More...The U.S. Drug Enforcement Administration is poised to issue licenses for the cultivation of cannabis for research purposes in the first half of the next year. The agency is expanding the number of licensed cannabis cultivators for research up from the country's sole producer of...
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Canopy Growth Sues GW Pharma, Alleges Unauthorized Use Of Intellectual Property
Monday, December 28, 2020 - 12:50pm | 357Read More...Canadian cannabis giant Canopy Growth Corp (NYSE: CGC) filed an federal lawsuit last week against Britain’s GW Pharma (NASDAQ: GWPH). In the lawsuit filed in the U.S. District Court for the Western District of Texas, Canopy accuses GW Pharma of unauthorized usage of Canopy’s...
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The Plant Continues To Win House Support As Representatives Vote On Medical Marijuana Research Act
Thursday, December 10, 2020 - 3:17pm | 306Read More...This year will be remembered for several battles cannabis had won. In November, four more states said yes to cannabis reform. In December, a historic vote was made in the U.S. House of Representatives in favor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, a bill constructed...
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Mexico Sees Another Delay In Cannabis Bill Debate
Wednesday, December 9, 2020 - 12:59pm | 326Read More...It seems that Mexico will have to wait a bit longer to get its marijuana legalization bill approved. Per Marijuana Business Daily and El Sol de Mexico, the Mexican lower house opted to postpone the cannabis legalization bill debate to February 2021. This is the third time the...
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United Nations Commission Reschedules Cannabis In Historic Vote Following WHO Suggestion
Wednesday, December 2, 2020 - 11:50am | 444Read More...The United Nations Commission on Narcotic Drugs has made a final decision to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs. Cannabis advocates have waited almost two years for the vote. The World Health Organization (WHO) had recommended all forms...
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C3 Industries Raises $45M To Support Expansion In Missouri And Massachusetts
Tuesday, November 17, 2020 - 10:51am | 200Read More...Cannabis company C3 Industries just finalized a funding round raising a total of $45 million. According to Marijuana Business Daily, the AnnArbor, Michigan-based company plans to use the raised capital to introduce its business to the Missouri market where it has...
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Montana Embraces Recreational Marijuana, S.D. Legalizes Both Medical And Adult-Use
Wednesday, November 4, 2020 - 9:24am | 544Read More...Montana has become the 14th U.S. state to legalize recreational marijuana. A majority of voters in the Treasure State, 58%, voted in favor of the initiative during the Tuesday election. According to Marijuana Business Daily, citing data from the Washington Post, Montana...
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Cannabis Movers & Shakers: Columbia Care, Radiko, Terranueva, Akerna
Tuesday, November 3, 2020 - 11:31am | 828Read More...Here is a summary of the latest company shakeups within the cannabis industry. Columbia Care Taps Alison Worthington To Board Columbia Care Inc. (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) has welcomed Alison Worthington to its Board of Directors. The Columbia Care board now counts seven...
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The Cannabis Markets In Latin America: A Snapshot By Expert Analysts
Friday, October 30, 2020 - 7:46am | 1221Read More...Regulatory, economic and pandemic-related hurdles have held up Latin America’s success as a global exporter of cannabis. In an enticing live panel, Cantor Fitzgerald Analyst Pablo Zuanic interviewed experts from the region in order to get a clear understanding of the current state of...
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MedMen Temporarily Closes 5 Florida Dispensaries
Wednesday, May 6, 2020 - 3:17pm | 435Read More...On Sunday, MedMen Enterprises Inc. (OTC: MMNFF) (CSE: MMEN) temporarily shuttered five of its eight Florida dispensaries, according to the company’s website. The company has been experiencing financial setbacks lately, operating in states where prices for legal cannabis are...
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Harvest Health Posts Q4 Results, CEO Addresses Recent Litigation
Wednesday, April 8, 2020 - 11:04am | 370Read More...Cannabis operator Harvest Health & Recreation Inc. (CSE: HARV) (OTC: HRVSF) reported fourth-quarter revenue of $37.8 million Tuesday, up 123% from the same period in 2018. For the full year, the Phoenix, Arizona-based company reported revenue of $116.8 million versus $...
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How Are Michigan Pot Businesses Doing During COVID-19? It Depends On Who You Ask
Thursday, April 2, 2020 - 2:33pm | 406Read More...At first, the coronavirus outbreak seemed to help Michigan’s fledgling cannabis industry. The spread of the virus and government restrictions inspired stockpiling. Pot sales surged across the state, leading to some of the busiest days shops have seen since opening. Profits peaked just...
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Early Adult-Use Cannabis Sales In Michigan Fall Short Of Market's True Potential
Tuesday, March 31, 2020 - 10:42am | 245Read More...Recreational cannabis sales in Michigan generated $31 million in the first three months, according to data compiled by the Michigan Department of Licensing and Regulatory Affairs. While the state is still figuring out ways to operate the burgeoning market more efficiently, these early...
