Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) announced a solid fiscal first quarter of 2025 for the quarter ending Nov. 30, 2024. The Canadian company reported that its cannabis revenues increased by 33% to C$34.9 million in the quarter, up from last year’s C$26.3 million. The company attributed the increase to… …
Parke Bank‘s parent, Parke Bancorp (NASDAQ: PKBK), reported last week that its cannabis-related deposits surged nearly 57% in the fourth quarter, showing signs of recovery as interest rates begin to ease. Overall annual profits dipped 3.3% to $27.5 million in 2024, while fourth-quarter earnings fell 9.5% to $7.4 million despite …
The New Flagler County location is the company’s 161st retail facility in Florida with a grand opening celebration set for Jan. 31. …
Denardo is also AYR’s chief operating officer. He will oversee all of the cannabis company’s vertically integrated operations in his additional role. …
Marijuana reform advocates and businesses have grown fond over the past decade of the phrase “the toothpaste is out of the tube,” and the “genie is out of the bottle” when referring to the global surge of the cannabis trade, which has touched every continent. Which makes it that much …
The CEO of the financial giant JPMorgan Chase says the company “probably would” start providing banking services to marijuana businesses if federal law changed to permit it. As the new Congress gets to work, cannabis industry stakeholders are holding out hope for another bipartisan push to advance marijuana banking legislation. And the head of the
Vancouver-based BC Bud Corporation (CSE: BCBC) is increasing its non-brokered private placement to $1.5 million from $1 million, citing strong investor demand. The cannabis producer, formerly Entheos Capital Corp, closed a second tranche raising $511,275 through the sale of 6.8 million units at $0.075 each, according to a Thursday news …
A small cannabis real estate trust is making another run at raising millions from investors, with lofty promises of returns despite a track record implying otherwise. UC Asset LP (OTCQB: UCASU) announced plans this week to raise up to $10 million through a Regulation A offering. The Georgia-based real estate …
Connecticut House of Representatives by Rep. Aundré Bumgardner, D-Groton and Stonington, has introduced a bill to amend the cannabis law to allow cannabis cafes and restaurants. The sparse on-sentence bill would permit the opening of lounges that would offer cannabis-infused food items, beverages and other products. Twelve states out of …
The social media platform X has certainly seen its fair share of word battles between cannabis executives and the latest has had many eating popcorn. Green Thumb Industries Inc. (OTC: GTBIF) CEO Ben Kovler has been very vocal on the site about the AdvisorShares Pure Cannabis ETF (NASDAQ: MSOS) inner …
Proposals to ban hemp-derived cannabinoids in Texas would only push a multibillion-dollar market underground while straining law enforcement resources, according to a new report. The analysis, from Rice University’s Baker Institute for Public Policy, came in the wake of Texas Lt. Gov. Dan Patrick pushing legislation that would prohibit the …
With dispensaries pulling in just $1.28 billion through November 2024, the Colorado cannabis market is on track to miss a key benchmark for the first time in seven years. Unless December sales topped $200 million – an unlikely scenario based on December’s $19.1 million tax haul – 2024 will mark …
A fire that destroyed nearly 1,000 marijuana plants won’t cost Connecticut’s first licensed cultivator’s insurance company $1.3 million after all. A federal judge ruled last week that National Fire & Marine Insurance Co., a Berkshire Hathaway unit, does not owe Theraplant LLC business interruption coverage for the 2020 incident, finding …
Study participants typically engaged in 31 more minutes of physical activity on days they consumed cannabis. The post Analysis: Consumers Engage in Greater Levels of Physical Activity on Days They Consume Cannabis appeared first on […]
On average, patients reported a three-point reduction in their pain scores following cannabis use. The post Study: Patients Report Significant Reductions in Pain Following Cannabis Use appeared first on NORML.
Researchers concluded “CBD users reported decreases in IBD-related pain and nausea (76 percent and 64 percent, respectively), and improvement in appetite (60 percent).” The post Survey: CBD Dosing Associated With Symptom Improvements in Patients With […]
Investment in the region continues with the launch of IndiMed, the company’s first locally grown brand in Germany. …
A tug-of-war over regulating intoxicating hemp products in Missouri has taken a turn as the state’s largest cannabis trade group backs lighter controls on hemp beverages while supporting tighter oversight of edibles and vapes. The language proposal for Senate Bill 52 would cap THC content at five milligrams per can …
An eventful year was characterized by increased membership, leadership gatherings and international speaking engagements, all on behalf of the future of Indigenous communities in cannabis …
The 9,000-square-foot superstore was built with the ability to process 2,000 to 3,000 orders a day. …