The Minnesota Office of Cannabis Management will hold its first lottery for recreational cannabis business permits on Tuesday, the agency announced just before the weekend, in an apparent move to fast-track the new market launch. The OCM lottery will be live-streamed on the agency’s YouTube page, the OCM said in …
Two men are hoping for a larger class action lawsuit against Illinois-based hemp vape maker Lifted Liquids (OTC: LFTD) for making products that exceed the legal amount of delta-9 tetrahydrocannabinol (THC). Law360 reported that Josue and Sergio Hernandez filed the proposed class action lawsuit in an Illinois federal court on …
Nova Net Lease REIT (CSE: NNL.U) (OTCQB: NNLRF) plans to sell its cannabis real estate portfolio and wind down operations after struggling with low cash reserves and deteriorating market conditions in the cannabis REIT sector. The Toronto-based company will sell its operating partnership’s Class A units to Bluebird Real Estate …
This story was republished with permission from Crain’s Chicago. A marijuana grower and retailer from Western Illinois is expanding its presence in Chicago, buying three Okay Cannabis stores. Nature’s Grace & Wellness bought the dispensaries in West Town, Evanston and Wheeling from a group that includes Chicago restaurateurs Scott Weiner and …
Green Wednesday and its expected sales spike is just a week away. However, data suggests the cannabis industry’s Black Friday equivalent may be more about timing shifts than actual sales growth, with deeper discounts eating into profits. Sales data suggests consumers are simply shifting their regular weekend purchases to earlier …
The Daily Hit is a recap of the top financial news stories for Thursday, November 21, 2024. On the Site Cannabis stocks up briefly Thursday before plunging on Gaetz withdrawal The potential appointment of a pro-cannabis attorney general had boosted sentiment among cannabis investors. Read more here. Agrify gets $26M …
Cannabis stocks popped briefly on Thursday morning before taking a nosedive after President-elect Donald Trump’s pick for attorney general, former U.S. Rep. Matt Gaetz, announced his withdrawal from consideration for the job. The AdvisorShares Pure US Cannabis ETF (MSOS) – one of the touchstones of marijuana stock trading – opened …
Nearly 1 in 4 pain patients residing in states where medical cannabis access is legal identify as marijuana consumers. The post Study: Cannabis Provides Sustained Health-Related Quality of Life Improvements in Chronic Pain Patients appeared […]
Two-thirds of older consumers say they use cannabis “to improve or manage a physical health condition,” including chronic pain, depression, anxiety, and sleep disturbances. The post Canada: One in Four Older Adults Have Used Cannabis […]
The Institute is funded by a three-year, $7 million grant from the Illinois Department of Human Services. The post Illinois: State Launches University-Affiliated Cannabis Research Institute appeared first on NORML.
The results are not official until the Canvass Board certifies the vote count next Tuesday. The post Colorado: Voters in Colorado Springs Decide on Marijuana Sales Measures appeared first on NORML.
California NORML, which pushed for the exemption, argued that cannabis smoke exposure does not pose similar risks to respiratory health as tobacco smoke. The post California: Oakland City Council Advances Proposal Exempting Cannabis From Residential […]
Canadian cannabis producer Decibel Cannabis Co. (TSXV: DB) (OTCQB: DBCCF) reported a 12% year-over-year decline in its third-quarter revenue as the company battled increased competition in Canada and paused exports to Israel, though the company says a recent acquisition will help expand its international reach. Revenue fell to C$24.1 million …
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 …