Consumer Research
Germany’s Cabinet Advanced Restrictions Balancing Access and Control in Medical Cannabis
BERLIN – Germany's federal cabinet cleared a draft bill that ...
Republican Lawmakers Move to Block Cannabis Rescheduling, Undermining Federal Reform Efforts
WASHINGTON, D.C.. Just as the Biden administration’s long-awaited cannabis rescheduling ...
MariMed Expands Access to Betty’s Eddies Chews to Medical Market in Maine
LOS ANGELES- MariMed Inc. has entered into a licensing agreement ...
Trulieve Reports Strong Fourth Quarter Performance
LOS ANGELES- Trulieve Cannabis Corp., a multi-state cannabis operator, has announced its financial results for the fourth quarter and full year ending December 31, 2024, showcasing notable growth and operational efficiency. Financial Highlights Revenue: The ...
Solvonis Therapeutics to Acquire Awakn Life Sciences in Strategic Biotech Merger
LOS ANGELES- Solvonis Therapeutics PLC, a UK-based biotechnology firm specializing in treatments for mental health and substance use disorders, has entered into an agreement to acquire Awakn Life Sciences Corp., a Toronto-based company developing therapeutics ...
Compass Pathways Projects FY2025 Net Cash Use of $120M-$145M
LOS ANGELES- Compass Pathways plc a mental health care company specializing in psilocybin therapy, has announced an expected net cash utilization of $120 million to $145 million for the fiscal year 2025. As of February ...
Germany’s Cannabis Legislation Faces Criticism
LOS ANGELES- Germany's recent legalization of cannabis has encountered significant criticism from various stakeholders, highlighting challenges in its implementation and effectiveness. Criticism from Berlin's Justice Senator Felor Badenberg, Berlin's Justice Senator, has expressed concerns that ...
Cannara Biotech Reports Record Growth in Fiscal 2024
LOS ANGELES- Montreal-based Cannara Biotech Inc a vertically integrated cannabis producer, announced record-breaking financial results for its fiscal year ended August 31, 2024. The company reported total annual revenues of $82.2 million, a 43% increase ...
Texas Attorney General Challenges Dallas Cannabis Decriminalization Measure
LOS ANGELES- Texas Attorney General Ken Paxton has initiated legal action against the City of Dallas following the adoption of Proposition R, a voter-approved measure aimed at decriminalizing the possession of up to four ounces ...
Tennessee Lawmakers Implement Hemp Product Ban
LOS ANGELES- In November 2024, numerous licensed cannabis dispensaries in the Los Angeles area received notices from the California Department of Tax and Fee Administration (CDTFA) indicating a shift in their tax payment schedules from ...
Arizona’s Cannabis Sales Experience Downturn in 2024
LOS ANGELES- In 2024, Arizona's combined medical and adult-use cannabis market saw a decline, with total sales amounting to $1.1 billion, a decrease from the nearly $1.3 billion recorded in both 2022 and 2023. The ...
New Jersey Governor Proposes Increase to Cannabis Social Equity Tax
LOS ANGELES- Governor Phil Murphy has proposed raising New Jersey's social equity excise fee on cannabis from $2.50 to $15 per ounce. This proposal aims to generate additional revenue for social service and violence intervention ...
Industrial Hemp Regulation Undergoing Comprehensive Review
LOS ANGELES- The regulatory framework governing industrial hemp is currently under extensive review, aiming to address emerging challenges and align with evolving industry practices. This initiative seeks to refine existing policies to better support the ...
Lucid Green Inc. Secures $3.1MM Funding
NEW YORK–Lucid Green Inc., today announced funding of $3.1MM from new investors, Bravos Capital, Silverleaf Ventures, and existing investors FGCP and HALLEY Venture Partners. This funding will be utilized to further the adoption of LucidIDs ...
Supreme Cannabis Announces Financial Results for Q3 2021
TORONTO–Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its financial and operating results for the three months ended March 31, 2021. Supreme Cannabis' Management Discussion & Analysis ("MD&A") and condensed interim consolidated ...
Aurora Cannabis Announces Fiscal 2021 Third Quarter Results
EDMONTON, AB–Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), a Canadian company developing cannabinoids worldwide, today announced its financial and operational results for the third quarter of fiscal 2021 ended March 31, 2021. "Consistent with many ...
Nextleaf Solutions Enter Cannabis CPG With Acquisition of Legacy Consumer Brand
VANCOUVER, B.C. – Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) an innovative cannabis extractor, is pleased to announce its initial entry into branded consumer products, with the acquisition of all rights associated with the award-winning, ...
GrowGeneration Names Dennis Sheldon SVP Global Supply Chain
DENVER–GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today announced the appointment of Dennis Sheldon to Senior Vice President of Global Supply Chain, effective ...
Trulieve Reports First Quarter 2021 Revenue of $194M, Net Income of $30M
TALLAHASSEE–Trulieve Cannabis Corp (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States, today announced its results for the quarter ended March 31, 2021. The Company became a U.S. reporting company ...
Exclusive: A Realist’s Guide To Investing In Mexican Cannabis
VANCOUVER, B.C.–Knowing when and how to invest in the earliest stages of a newly regulated cannabis market is never easy. However, this can be especially true in a place like Mexico, where opaque political processes ...
10 Cannabis Events Cannabis Investors Must Attend in 2021
OAKLAND–For the booming cannabis space, networking opportunities are crucial for long-term success. Trade shows, conferences, and parties celebrating all things industry are a beloved part of doing business. And while the COVID-19 shifted many events ...
Charlotte’s Web Holdings Reports Quarter 1 2021 Results
BOULDER– Charlotte's Web Holdings (TSX: CWEB) (OTCQX: CWBHF), Charlotte's Web Holdings, Inc. the market share leader in full spectrum cannabidiol (CBD) hemp extract wellness products, today reported financial results for the first quarter ended March ...
Curaleaf International Launches Range of Medical Cannabis Products in Germany
WAKEFIELD, Mass.– Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading international provider of consumer products in cannabis, today announced that wholly owned Curaleaf International subsidiary Adven GmbH has launched its own range of medical ...
Curaleaf Reports Record First Quarter 2021 Financial and Operational Results
WAKEFIELD, Mass.,–Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), an international provider of consumer products in cannabis, today reported its financial and operating results for the first quarter ended March 31, 2021. 1Q 2021 Financial Highlights (Unaudited) ...
Cannabis Vape Devices Market Size To Reach $16 Billion By 2028
FELTON–The global Handheld Cannabis Vaporizer Market size is expected to reach USD 15.77 billion by 2028, registering a CAGR of 6.0% over the forecast period, according to a new report by Million Insights. What are Key Factors Driving ...
Akerna Announces Financial Results for the First Quarter 2021
DENVER– Akerna (Nasdaq: KERN), an enterprise software, and compliance technology provider, today reported its unaudited financial results for the quarter ended March 31, 2021. "Our first quarter was a strong start to 2021, with increasing ...
A Land Rush Is Underway in New Jersey and New York For Cannabis Real Estate
SACRAMENTO–Research shows the cannabis industry is currently seeing a land rush underway as real estate speculators and cannabis entrepreneurs are getting an early start on securing properties in New Jersey and New York that will ...
The Green Organic Dutchman Reports First Quarter 2021 Results
TORONTO–The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, reports its unaudited interim financial results for the quarter ended March 31, 2021. Management Commentary: "This ...
2021 Salary Guide Shows Double-Digit Compensation Increases for Cannabis Executives
SAN DIEGO–Cannabiz team, a cannabis-focused executive search and staffing firm, today announced the release of its latest Cannabis Industry Salary Guide for Q2 2021. This is the third edition of CannabizTeam's national Salary Guide, created ...
Cardiol Therapeutics Closes $22 Million Bought Deal Offering
ONTARIO–Cardiol Therapeutics Inc. (TSX: CRDL), a clinical-stage biotechnology company focused on developing innovative anti-inflammatory therapies for the treatment of cardiovascular disease, is pleased to announce the closing of its previously announced "bought deal" short form prospectus ...
GrowGeneration Reports First Quarter 2021 Financial Results
DENVER– GrowGen Corp (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today reported record first quarter 2021 revenues of $90 million, versus $33 million in the ...
Sundial Reports First Quarter 2021 Financial and Operational Results
CALGARY–Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the first quarter ended March 31, 2021. All financial information is reported in millions of Canadian dollars. FIRST QUARTER 2021 FINANCIAL AND OPERATIONAL ...
A LIFE IN A DAY: Nikki Lawley: Cannabis Industry Personalities
NIKKI LAWLEY is a passionate medical cannabis advocate with a growing network of cannabis patients who suffer from traumatic brain injury. She discovered cannabis after suffering a ''TBI,'' or traumatic brain injury, along with a ...
Aleafia Health Reports 2021 First Quarter Results
TORONTO–Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) reported its financial results for the three months ended March 31, 2021. “This quarter saw us achieve important executional breakthroughs as we realized the exponential increase of our ...
Trulieve Acquire Harvest Health In All-Stock Cannabis Deal Valued At About $2.1 Billion
TALLAHASSEE, Fla. and PHOENIX–Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF) and Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) announced they have entered into a definitive arrangement agreement in which Trulieve will acquire all of the ...
BioHarvest Launches In USA via E-commerce Platform VINIA.com
VANCOUVER, B.C.–BioHarvest Sciences Inc. (CSE: BHSC) announces that online sales of its flagship VINIA product in the United States will commence via its vinia.com website this month. This milestone represents a turning point for BioHarvest ...
Alphagreen European CBD Market Places Expands Wholesale Offering
LONDON– The CBD industry is here to stay and more and more retailers are starting to embrace what is likely to be the single biggest driver of the health and wellness market over the next ...
ASTM International Announces New Cannabis Standards, Launches Microsite
W. CONSHOHOCKEN, Pa.,–ASTM International's cannabis committee (D37) announced a slate of new standards to support cannabis vocations. ASTM also launched a new microsite that will serve as a central resource for all ASTM International cannabis ...
