M4MM
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
U.S. Cannabis Market Growth Reaches $50 Billion as Industry Grapples with Worker Unionization Efforts
LOS ANGELES- The U.S. cannabis market is on track for substantial growth, with projections indicating retail sales could exceed $50 billion annually within the next several years. In 2023, combined medical and recreational cannabis sales ...
New Report Highlights Key Insights and Challenges in U.S. Alzheimer’s Patient Experience
LOS ANGELES- A new report from ResearchAndMarkets.com, "Alzheimer's Disease in the United States: Understanding the Alzheimer's Patient Experience," provides a data-driven view of the experiences of nearly 7 million Americans living with Alzheimer's. The report, ...
Did You Know… Cannabis Was Once a Legal Cross-Border Import?
LOS ANGELES- A hundred years ago, the U.S. government held a different view on cannabis, or Cannabis sativa L. Known then as “marihuana,” it was also called hemp, Mary Jane, and Mary Warner, among other names. ...
Trulieve Throws the Kitchen Sink at Adult-Use Cannabis in Florida
MIAMI — (HCN) As Florida’s November 5th election approaches, Trulieve, a dominant force in the state’s medical cannabis market, is making an unprecedented push to legalize adult-use cannabis. With a jaw-dropping $141 million contribution to ...
San Diego Evaluates Cannabis Business Tax Increase
LOS ANGELES- The San Diego City Council is considering a proposal to raise the tax rate on cannabis businesses from 8% to 10%, aiming to address a projected $258 million budget deficit for the upcoming ...
MindMed Reports 2024 Financial Results and Advances in Clinical Trials
LOS ANGELES- of December 31, 2024, MindMed reported cash and cash equivalents totaling $273.7 million, up from $99.7 million at the end of 2023. This increase is attributed to equity financings totaling approximately $250 million ...
States Propose Cannabis Tax Hikes Amid Industry Pushback
LOS ANGELES- In Michigan, Governor Gretchen Whitmer's recent $3 billion infrastructure plan includes a proposal to close a cannabis tax loophole, potentially generating an additional $470 million for road repairs. This move has alarmed local ...
Canbud Distribution Corp. Announces Intention to Stock Symbol to ”STPH”
TORONTO- Canbud Distribution Corp. (CSE: CBDX) (FSE: CDO) announced that it intends to change its name to "Steep Hill Inc." and its stock symbol to "STPH". The proposed Company name and stock symbol changes are ...
Survey Finds Cannabis Consumers Have Sex More Often
NORWOOD, Mass.-- Cannabis consumers ‘chews’ sex more frequently than non-users and believe using cannabis enhances their sex life, according to the results of a “sex + cannabis” survey commissioned by Betty's Eddies™ an all-natural cannabis edibles ...
Avicanna Enters into a Strategic Partnership with Tetra Bio-Pharma
TORONTO - Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), an innovative, commercial-stage, and international biopharmaceutical company focused on the development, advancement, and commercialization of evidence-based, cannabinoid-based products, is pleased to announce that it has ...
Clever Leaves Expands Relationship With Cannatrek in Australia With a Two-Year $3.6M Sales Agreement
BOCA RATON, Fla. and MELBOURNE, Australia - Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids today announced an expansion of its relationship with Australian medical cannabis company ...
AWH Announces Promotion of Frank Perullo to President
NEW YORK - Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state cannabis operator focused on bettering lives through cannabis, today announced that it has promoted the Company's Co-founder and Chief Strategy Officer, Frank ...
Cronos Group Provides Bi-Weekly MCTO Status Update
TORONTO - Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders. On November ...
Cannabis Sales Break Records Again in 2021 Reaching $2.2 Billion in Sales
DENVER–Cannabis sales broke another record last year, topping $2.22 billion in products sold, according to the Colorado Department of Revenue. This eclipses 2020 sales that reached upwards of $2.1 billion, which set a previous record. ...
The Flowr Corporation Announces First Successful High THC Medical Cannabis Harvest in Portugal
TORONTO - The Flowr Corporation (TSXV: FLWR, OTC: FWPF) to provide an operational update at its facilities located in Portugal owned and operated by Flowr’s subsidiary, Holigen Holdings Limited. “We still firmly believe that Holigen’s ...
Rose LifeScience introduces new line of accessible cannabis products under “Promenade” brand
HUNTINGDON, QC - Major Québec cannabis producer, distributer, and marketer ROSE LifeScience Inc. announced today the rollout of its newest brand, Promenade. The Promenade line will be commercialized through the Société Québécoise de Cannabis (SQDC). ...
Unrivaled Brands Closes Sale of Dyer Property for $13.4 Million
SANTA ANA, Calif. - Unrivaled Brands, Inc. (OTCQX: UNRV) announced the successful closing of the sale of the Company’s non-operating real property and building located on Dyer Road in Santa Ana, CA for $13.4 million. ...
Medical Marijuana, Inc. Promotes Chief Financial and Information Officer Todd Morrow to Company President
SAN DIEGO - Medical Marijuana, Inc. (OTC: MJNA), announced today that the Company’s Chief Financial and Information Officer, Todd Morrow, has been promoted and will now serve as the Company’s President. Prior to joining the ...
Slumber Sleep Aid Releases Full Spectrum CBD/CBN Gummies
DENVER - Slumber Sleep Aid™ is excited to announce the release of their new full spectrum CBD Sleep Gummies with CBN for sleep issues, joint pain and inflammation. The raspberry-flavored dual action gummies are blended ...
The Valens Company Begins Manufacturing Cannabis-Infused Beverages
KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a manufacturer of cannabis products, announced the successful commissioning and completion of first shipments from Pommies (otherwise known as Southern Cliff Brands) located in ...
Minority Cannabis Business Association to Unveil National Cannabis Equity Report and Digital Research Map
WASHINGTON - On February 10th, 2022, the Minority Cannabis Business Association (MCBA) will take the first step on a journey to usher in a new era of social equity with the release of the National ...
Neptune Reports Fiscal Third Quarter 2022 Financial Results
LAVAL, QC,- Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced its financial and operating results for ...
