The nascent legal New York recreational marijuana market – which launched in December 2022 – is on the financial brink, according to the president of one of the state’s larger cannabis trade organizations, who said a lot of license winners have been either flipping their permits or selling equity stakes… …
This article was reprinted with permission from Crain’s Detroit Business. Michigan marijuana retailer Quality Roots is looking to bloom in the Garden State as local legal market prices continue to wilt. Birmingham-based Quality Roots opened its Marlton, New Jersey, dispensary earlier this week, looking to capitalize on higher prices and …
The House-passed resolution aims to amend the state’s constitution by rolling back the democratic process of citizen-initiated ballot measures. …
In a series of votes that defied typical partisan lines, the Georgia Senate has passed three bills that would simultaneously restrict recreational hemp products while expanding medical cannabis access. It came just before the Crossover Day deadline, when legislation must pass at least one chamber to remain viable this session, …
The cannabis company announced that additional holders of issued the Senior Notes entered into joinders to the definitive support agreement. …
Ohio Republicans are intent on revising the state cannabis laws with the latest twist from a House Republican. Statehouse News Bureau reported that Rep. Brian Stewart (R-Ashville) introduced HB160 which not only changes the existing adult-use cannabis law but also addresses intoxicating hemp or Delta-8 products. Green Market Report reported …
The cannabis company closed the books on its sixth consecutive quarter of positive free cash flow. …
The cannabis company increased its quarterly and annual operational cash flow compared to prior periods. …
The cannabis industry’s early gold rush mentality has given way to a more sober reality over the past few years, and now Ayr Wellness (CSE: AYR.A) (OTCQX: AYRWF) is making tough choices about where to place its bets. During the company’s earnings call on Thursday, interim CEO Steven Cohen said …
The cannabis industry’s early gold rush mentality has given way to a more sober reality over the past few years, and now Ayr Wellness (CSE: AYR.A) (OTCQX: AYRWF) is making tough choices about where to place its bets. During the company’s earnings call on Thursday, interim CEO Steven Cohen said …
The state of California handed out another $18.4 million to 18 cities and counties to aid each of them in funding their respective social equity business licensing programs. The move is an annual dispersal of payments from the Office of Business and Economic Development. The grants this year brings the …
Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF) reported a mixed bag of results for its fourth quarter and full year 2024 financials on Thursday, beating revenue projections while highlighting its retail expansion and improved cash position. The company reported fourth-quarter revenue of $65.9 million, exceeding analyst estimates of $63.5 million despite …
“Our findings add to the growing evidence supporting the potential benefits of cannabis use among people who use drugs,” researcher concluded. The post Study: Cannabis Consumption Associated With Opioid Cessation in Polydrug Users appeared first […]
Hemp-derived cannabinoid supplementation may be a “simple, effective, and well‐tolerated alternative to improve sleep quality.” The post Clinical Trial: Hemp-Derived Cannabinoids Improve Sleep Quality appeared first on NORML.
To date, none of the Attorney General’s lawsuits have been successful. The post Texas: Judge Denies Effort To Enjoin Dallas’ Voter-Approved Marijuana Depenalization Ordinance appeared first on NORML.
Witnesses also pushed back against language in the bill equating the availability of higher-THC products with slavery. The post Montana: Opponents of THC Limit Bill Outnumber Proponents by More Than 2 to 1 During Legislative […]
Despite a rosy cannabis industry report issued this week by California marijuana regulators that projected ongoing growth, state sales figures for the fourth quarter of 2024 show the market had its worst quarterly performance in nearly five years, with legal sales at their lowest since the first quarter of 2020. …
The cannabis company reported $463.6 million in revenue for the full year of 2024, mirroring the company’s revenue figure from 2023. …
The cannabis company reported record revenues and improved adjusted EBITDA. …
The proposed sale last year of all of High Times assets has thus far failed to go anywhere, but the intellectual property – including trademarks, websites and event names like the Cannabis Cup – were returned to the market for bids from would-be purchasers, in a window that closed on… …