Cannabis industry insiders may have grown weary of peering into their crystal balls to determine whether federal reform of any kind is on the horizon during the new Trump administration, but it doesn’t appear that the murkiness will lift anytime soon. That’s in spite of the president nominating a cannabis …
A New Hampshire state Senate committee dealt a likely death blow to a trio of pro-marijuana bills, voting down each of them during a hearing this week, although technically each measure could still pass the full Senate when they’re delivered to the chamber floor later in the legislative session. According …
Illinois marijuana sales took a 7% month-over-month dip in February, falling to $150.3 million from January’s tally of $161.7 million, according to statistics from the state Cannabis Regulation Oversight Officer. Recreational sales – the lion’s share of the market – pulled in $130.6 million for the month, down from $140.2 …
HOPE Therapeutics, an interventional psychiatry network wholly owned by NRx Pharmaceuticals (Nasdaq: NRXP), today announced it was buying Dura Medical per the previously announced non-binding letter of intent. Financial terms of the transaction were not disclosed. Dura Medical Founder Stephen Durand will be named director of Florida clinic operations. Hope stressed …
The federal agency’s standard collides with Delaware Code, forcing the state’s cannabis regulators to work with lawmakers to draft new legislation. …
The cannabis company awarded the RSUs to officers, directors and employees. …
The cannabis company’s new retail facility in Ashford is 6 miles from the University of Connecticut and offers a 20% student discount. …
As Washington faces fiscal constraints, unlocking the district’s adult-use cannabis program from the federal rider would bolster revenue. …
It’s no secret that Pennsylvania Gov. Josh Shapiro wants his state to legalize adult-use cannabis, after the medical marijuana industry has already put up big sales numbers. The state reported $1.7 billion in MMJ sales for 2024 and $7 billion since the program was initiated in 2020, according to the… …
Florida-based psychedelics firm Enveric Biosciences (NASDAQ: ENVB), which is still in the pre-revenue stage, this week reported a $9.5 million net loss for 2024, down from the $17.4 million it lost in 2023 but still well in the red as it continues developing non-hallucinatory treatments for mental health disorders. The …
CanadaBis Capital Inc. (TSXV: CANN) reported revenue of C$4.9 million for its second quarter of its fiscal 2025, up from C$4.3 million versus the same period last year, but the company saw a slight decline in net income for the period. The cannabis producer and processor posted net income of …
Oregon-based craft cannabis producer Grown Rogue International (CSE: GRIN) (OTC: GRUSF) said it secured a $7 million credit facility from a “national, FDIC-insured commercial bank.” The four-year credit facility carries an interest rate of around 9.2% per annum, calculated as the secured overnight financing rate (SOFR) – which is currently …
Chicago Atlantic BDC (NASDAQ: LIEN), formerly known as Silver Spike Investment Corp., reported $8 million in fourth-quarter profit on its investment income, the cannabis lender’s first financial results since its October loan portfolio deal. The business development company recorded total investment income of $12.6 million and maintained its recently increased …
The legislation would prohibit synthetic cannabinoids, require comprehensive testing and restrict where products can be sold. …
IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC) reported a meaningful turnaround in its fourth quarter 2024, capping a year of repositioning with 25% revenue growth and its first quarterly adjusted EBITDA profit in recent history. The medical cannabis company, which is jointly headquartered in Canada and Israel, generated C$13.3 million …
The vertically integrated cannabis operator with 16 dispensaries and $100 million in revenue will shut down its business. …
The cannabis company introduced Select FormulaX, an innovative category to the hemp beverage space, for those seeking an uplifting and focused experience. …
The Canadian cannabis company is an honoree in the Globe and Mail’s 2025 Report on Business magazine’s sixth annual Women Lead Here list. …
Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week. That means less rapid expansion and probably not as …
On Wednesday, the Virginia Cannabis Control Authority announced that its acting chief of more than three years was stepping down. Jeremy Preiss, who has served as the CCA’s acting head and chief officer of regulatory, policy and external affairs since January 2022, will be replaced by Chief Administrative Officer Jamie …