Hypha Labs Inc. (OTC: DIGP), formerly known as Digipath, announced its transition from the cannabis industry to the emerging market of functional mushrooms, with a particular focus on psilocybin. The company said it has developed a patent-pending bioreactor technology that aims to streamline the production of active ingredients found in …
While cannabis has its own unique considerations, it aligns with general retail on at least one front: Cannabis retailers typically experience a drop in sales in the first quarter, with the come-down from end-of-year holiday celebrations translating to a decrease in purchases. 2024 looks to be no different. Equity analyst …
A long-running showdown between a doctor and the U.S. Drug Enforcement Administration that could affect the legal status of psychedelics is heating up. The agency last week urged the Ninth Circuit Court of Appeal to block the physician’s efforts to use psilocybin to treat depression in terminally ill cancer patients, …
The Canadian cannabis company experienced a 35% increase in total sales across all retail platforms from the previous Saturday. …
$28.5 million – Total retail cannabis sales reported on 4/20 in Michigan Operators in Michigan reported more than $28.5 million in cannabis sales on Saturday, the unofficial cannabis holiday known as 4/20. That total was up 32% from last year’s $21.6 million in sales on the day, according to data …
The receiver for ExWorks, the company that lent High Times Chairman Adam Levin money to buy the business, has appointed Kevin Singer of Receiver Specialists to oversee the sale of High Times’ assets to settle ooutstanding debts. High Times and Levin used several properties as collateral that are now poised …
Under current law, the state’s top regulator must establish a commercial market that omits an automatic transition pathway for existing cannabis companies. …
The new Florida location on U.S. Highway 1 will host grand opening this week as the company’s 135th retail facility in the state. …
U.S. cannabis reform hasn’t come easy amid a divided Congress, but plenty of opportunities remain on the table for the remainder of the year. …
Missouri Attorney General Andrew Bailey this week launched an investigation into several companies for selling illegal vape and marijuana products that contain delta-8 and delta-9 THC, citing concerns over consumer protection and public health, particularly among children. The investigation, which also includes disposable e-cigarette products, was prompted by reports of …
Three people were injured when a vehicle drove through Zahara Dispensary’s wall and 15 feet into the store during operating hours last week. …
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) and its subsidiaries have launched a sale and investment solicitation process (SISP) as part of their ongoing restructuring efforts under the Companies’ Creditors Arrangement Act (CCAA), the company said this week. The Toronto-based cannabis company, which operates in both the medical and …
The cannabis holiday is the biggest sales day of the year for dispensaries. So how can you tap that momentum for year-round engagement and sales? …
A new report finds that consumers will pay more for cannabis products in well-designed, reusable packaging. …
The Alabama Medical Cannabis Commission has been fighting challenges on several fronts, from state courts to the legislature, amid efforts to finally kickstart the state’s medical marijuana licensing process. As the commission grapples with lawsuits alleging improper conduct and violations of state laws, lawmakers are considering bills that could significantly …
At the Green Market Report Finance Summit, hosted at the New England Cannabis Convention in Boston on March 22, Emerald Growth Partners CEO Randall Buchman took home the award for top chief executive officer. Randall Buchman Buchman began in the industry straight out of undergrad at Michigan State in 2008 …
Denver-based Canvas 1839 Group acquired key assets of cannabis edibles manufacturer Coda Signature and plans to resume production of its cannabis chocolate bars. Canvas, which primarily produces cannabis-infused lotions, saw the deal as a good opportunity to expand into the edibles market, according to a news release. Financial terms of …
Job growth in the state-licensed cannabis industry increased more than five percent between 2022 and 2023, while retail cannabis sales grew over ten percent to $28.8 billion. The post Report: Cannabis Industry Employs Over 440,000 […]
Ninety-nine percent of consumers reported using cannabis for pain, and 94 percent reported using it to mitigate stress, anxiety, depression, and insomnia. The post Survey: Fibromyalgia Patients Report Improved Symptoms Following Cannabis Use appeared first […]
“House Bill 829 introduces burdensome provisions that will likely hinder patients’ ability to access medical cannabis,” Lauren Bratcher, Deputy Director of Kentucky NORML said. The post Kentucky: Lawmakers Advance Legislation Imposing New Restrictions Upon State’s […]