The Artist Tree, with nine dispensaries and two lounges, is searching for new opportunities, but there are fewer and fewer places for new stores in California. …
Green Thumb Opens 12th RISE Dispensary in Nevada
The cannabis company’s new retail location in Henderson is also its 102nd store nationwide. …
Shift to Malaysia proves increasingly valuable for Ispire
Ispire’s (Nasdaq: ISPR) decision to shift vape hardware manufacturing out of China is proving “more and more valuable as every day goes on,” according to Dennis Lider, the company’s senior vice president of cannabis, as the U.S. confronts rising tariffs on imports from that country. In an interview, Lider spoke …
PharmaCielo aims for profitability by late 2025 despite going concern
PharmaCielo Ltd. (TSXV: PCLO) (OTC Pink: PCLOF) more than tripled its sales in its latest quarter, compared with the same period a year ago, but filings show liquidity concerns that could threaten the company. The Canada-based international cannabis company reported revenue of C$1.13 million in in the fourth quarter ending …
Simply Solventless continues acquisition spree, closes purchase of Delta 9 Bio-Tech
Calgary-based Simply Solventless Concentrates Ltd. (TSXV: HASH) (OTC: SSCLCF) on Friday announced that its purchase of cannabis grower Delta 9 Bio-Tech Ltd. has formally closed for C$3 million in cash. Simply Solventless in January made a C$750,000 down payment towards the total purchase price and paid the remainder this week, …
Village Farms International Expands Medical Cannabis Distribution to New Zealand
The Canadian company expanded its exports overseas with its top-selling Pink Kush cultivar. …
MTL Cannabis heads back into the red for now
MTL Cannabis Corp. (CSE: MTLC) reported third-quarter revenue of $25.6 million, an 8% rise versus the same period last year, while posting a net loss of $1.2 million, driven largely by higher finance expenses and operational costs. The net loss was a 369% decline from the $453,004 profit reported in …
Trulieve, Green Thumb take different paths into hemp-THC drinks
The slow-walking of federal cannabis legalization has some of the biggest multistate operators looking for new ways to give their sales and profits a boost. Lately, a lot of that attention has turned toward hemp beverages. But the paths they’re taking are anything but uniform. Just this week, Florida-based Trulieve …
New York lawmakers quiz state cannabis czar, say unlicensed market still a major problem
The unlicensed side of the marijuana market in New York state is still a major hurdle for both lawmakers who want to replace them with licensed businesses and for licensees trying to stand up legal companies, a range of legislators said during a budget hearing on Wednesday. And it’s not… …
Study: Adjunctive Use of CBD Mitigates Severe Behavioral Symptoms in Children With Autism
“Our results suggest that treatment with purified CBD is effective and safe” in autistic patients, investigators concluded. The post Study: Adjunctive Use of CBD Mitigates Severe Behavioral Symptoms in Children With Autism appeared first on […]
Clinical Trial: Concomitant Administration of THCV and CBD Promotes Weight Loss, Improves Cholesterol
Cannabinoid supplementation was associated with “clinically significant weight loss, decreases in abdominal girth, systolic blood pressure, and total and LDL cholesterol.” The post Clinical Trial: Concomitant Administration of THCV and CBD Promotes Weight Loss, Improves […]
Study: Medical Cannabis Dosing Doesn’t Negatively Impact Driving Performance in Experienced Patients
“Participants exhibited no significant changes in performance” following cannabis dosing. The post Study: Medical Cannabis Dosing Doesn’t Negatively Impact Driving Performance in Experienced Patients appeared first on NORML.
Idaho: Governor Signs Law Imposing Mandatory Minimum Penalties for Low-Level Marijuana Possession
Under the law, which takes effect on July 1, 2025, those convicted of minor marijuana possession offenses must pay a mandatory fine of at least $300. The post Idaho: Governor Signs Law Imposing Mandatory Minimum […]
New Hampshire: Marijuana Bills Advanced to Senate, Where Their Future Remains Uncertain
All three bills are likely to face opposition from Republican Gov. Kelly Ayotte, who has historically opposed any liberalization of the state’s marijuana laws. The post New Hampshire: Marijuana Bills Advanced to Senate, Where Their […]
Ayurcann posts 25% sales growth in second quarter, projects C$50M revenue in 2025
Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) reported record sales for its fiscal second quarter, as it tries to narrow its losses after cancelling a merger in November. The Canadian cannabis manufacturer posted C$13.4 million in gross revenue for the three months that ended Dec. 31, a 25% rise from …
Greenway troubles continue in Q3 quarter with another C$675k loss
Ontario-based Greenway Greenhouse Cannabis Corp. (CSE: GWAY) (OTCQB: GWAYF) on Thursday reported ongoing losses, with a C$675,076 net loss in its third fiscal quarter of 2025, which ended Dec. 31. That builds on earlier losses last year, including a C$1 million net loss in the second fiscal quarter, bringing its …
Cronos Group reports dramatic turnaround in 2024, ends year with $40M profit
Toronto-based Cronos Group (NASDAQ: CRON) (TSX: CRON) ended 2024 well in the black, with $43.9 million in net income for the fourth quarter and $40 million for the full calendar year, the international cannabis company reported this week. That’s a dramatic turnaround from 2023, when Cronos posted a $70.4 million …
Trulieve Reports $1.2 Billion in 2024 Revenue
The cannabis company also reported a record cash flow from operations of $271 million and a free cash flow of $150 million for the year. …
Verano Reports $879 Million in 2024 Revenue
The cannabis company also reported a gross profit of $444 million but a net loss of $342 million for the year. …
Increases in Number of States That Have Legalized Marijuana Obscures Fact That Cannabis Remains Federally Illegal in 2025
Even those who use medical marijuana in jurisdictions that have legalized medical marijuana are at risk of federal prosecution. …