A $40 tourist medical card and easy access to beachfront dispensaries – that’s the new reality for the U.S. Virgin Islands after it began licensing its adult-use market this week. USVI joined other U.S. territories in positioning to capitalize on the visitor traffic that already comes to their shores. The …
The business side of cannabis is complicated. At Green Market Report, our mission is to empower cannabis professionals with the news and insights they need to make smart business decisions. Providing the quality coverage our audience depends on takes time, care and resources, so as of Wednesday, Nov. 20, much …
Psyence Biomedical Ltd. (Nasdaq: PBM) will implement a 1-for-75 share consolidation next week as the psychedelics company works to maintain its Nasdaq listing, the company said Tuesday. The consolidation will take effect at market open on Nov. 26, with shares continuing to trade under the ticker PBM, the New York-based …
Arkansas medical marijuana sales are down slightly year-over-year through the end of October, according to newly released state data, which shows total cannabis sales for 2024 at $227.8 million, as opposed to $234 million for the first full 10 months of 2023. According to the Arkansas Department of Finance and …
Cannabis distributor Nabis is looking to apply the lessons and strategy that brought it success in its home state of California to a new market: New York. The Oakland-based operator announced its entrance into the Empire State earlier this month, after expanding into Nevada earlier this year. Nabis CEO Vince …
Minnesota cannabis regulators disqualified about two-thirds of the roughly 1,800 applicants for social equity business licenses, meaning the permit lottery scheduled for the week of Dec. 2 will be reserved for 640 hopefuls. Applicants who were winnowed out either failed to complete the entire application process or didn’t meet eligibility …
This story was republished with permission from Crain’s Detroit. A largescale marijuana cultivation site is shuttering, unable to survive Michigan’s record-low cannabis prices. Fluresh LLC will close down its $46 million 105,000-square-foot grow facility in Adrian and will be laying off 46 employees at the end of this month. The company, doing …
44.6% – Percentage of pre-rolls sold that were purchased by millennials The popularity of cannabis pre-rolls has been growing, and that trajectory is primarily being driven by one demographic cohort: millennials. As of September, millennials were responsible for nearly half (44.6%) of all pre-roll purchases. Gen X was a distant …
Donald Trump’s forthcoming return to the White House and his nomination of pro-legalization (but not pro-Florida legalization) Matt Gaetz for attorney general adds a new dimension to the cannabis sector’s outlook. But stock performance remains tightly linked to state markets, said Pablo Zuanic, managing director at Zuanic & Associates, in recent …
The Daily Hit is a recap of the top financial news stories for Monday, November 18, 2024. On the Site New York judge rules some hemp shops can remove ‘illicit cannabis’ signs The lawsuit is challenging crackdown efforts by city officials. Read more here. Georgia medical cannabis industry set to …
Several big-name publicly traded cannabis companies in California are in obvious distress, which begs the question, how long until more of them join the conga line into receivership and bankruptcy? Last week alone, Lowell Farms (CSE: LOWL) (OTCQX: LOWLF) reported that it lost another $3.6 million in its latest quarter, …
Cannabis real estate lenders are taking markedly different approaches to troubled credit and market headwinds lately, with some aggressively restructuring loans while others maintain a wait-and-see approach, according to earnings calls over the past week. While broader real estate stocks rallied on the Federal Reserve’s latest rate cut, with the …
California-based Lowell Farms (CSE: LOWL) (OTCQX: LOWLF) this week reported a net loss of $3.6 million for the third quarter, down significantly year-over-year, but adding to its year-to-date losses, which now stand at $7.3 million. Revenue for the quarter hit $3.2 million, a year-over-year decrease of 48% from $6.2 million, …
California-based Gold Flora Corp. (CBOE: GRAM) (OTCQB: GRAM) this week reported a net loss of $18.8 million, bringing its losses for the year thus far to $56.5 million, a dramatic turnaround from a year ago, when the company reported net income of $22.9 million for the quarter and was nearly …
Vancouver-based C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) bucked state cannabis market trends with a 14% sequential revenue jump to $7.5 million in its fiscal second quarter, as its new south Reno location helped offset broader headwinds. The retail segment generated $7.1 million in the second quarter, up 10% from …
Nonetheless, fewer than ten percent of all financial institutions nationwide currently provide services to state-licensed cannabis businesses. The post Treasury Report: Over 800 Banking Institutions Report Relationships With State-Licensed Cannabis Businesses appeared first on NORML.
“The odds of tobacco/nicotine use and co-use with cannabis were not associated with cannabis legalization,” the study’s authors concluded. The post Analysis: Liberalized Cannabis Laws Not Associated With Subsequent Upticks in Tobacco Use appeared first […]
The most frequently reported reasons for using cannabis were anxiety, chronic pain, depression, post-traumatic stress, migraine, and fibromyalgia. The post Survey: Over 90 Percent of State-Registered Patients Report Cannabis Relieves Their Anxiety, Depression, Chronic Pain […]
“Cannabis and CBD were found to be most effective in managing chronic secondary musculoskeletal pain, chronic secondary visceral pain and chronic neuropathic pain,” investigators concluded. The post Literature Review: Cannabis Is Effective in Managing Chronic […]
Ayr Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) is forging ahead with an ambitious Florida beefing-of-sorts despite last week’s failed adult-use legalization vote. The company is still betting that premium indoor-grown cannabis flower will help it capture market share in what remains one of the world’s largest medical markets. “Indoor flower …