The king is dead, long live the king. The Golden State of California, home to the famed Emerald Triangle and a global cannabis influencer for decades, is now number two – at least in volume of legal, licensed marijuana products sold in the month of March this year, according to …
Tag: Investing
Green Thumb CEO confirms proposal to Boston Beer
After rumors raced through the industry, Ben Kovler, CEO of Chicago-based Green Thumb Industries (GTI) (CSE: GTII) (OTCQX: GTBIF), officially confirmed that he sent a letter to the chairman of The Boston Beer Company (NYSE: SAMS), Jim Koch, outlining the potential benefits of joining forces. In the letter, which was …
ICER report rebukes Lykos’ MDMA-AP study
The Institute for Clinical and Economic Review (ICER) recently posted its revised evidence report assessing the comparative clinical effectiveness and value of 3,4-Methylenedioxymethamphetamine-assisted psychotherapy (MDMA-AP, a psychotherapy protocol from Lykos Therapeutics) for the treatment of post-traumatic stress disorder (PTSD). ICER provides independent evaluations of medical tests, treatments, and systems. The …
The struggle is real: California cannabis sales plummet, with tax hikes on the horizon
Legal marijuana sales in California have fallen sharply over the last three years, coming in at just over $1.2 billion for the first three months of 2024, according to state data. That’s the weakest three-month sales period for licensed cannabis companies since the second quarter of 2020, when legal sales …