Cannabis stocks accelerated their rally in May, with the Global Cannabis Stock Index gaining 27.0% to 32.52: The index, which had 35 qualifying members during the month following the quarterly rebalancing at the end of March, declined 34.1% in 2019 to 42.20 and is now down 22.9% in 2020: After posting... Read more
Planet 13 Announces First Quarter 2020 Financial Results Q1 2020 Revenue of $16.8 million; EBITDA of $2.5 million SuperStore accounted for 10.1% of all Nevada cannabis dispensary revenue in Q1 2020¹ All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, June 1, 2020 /PRNewswire/... Read more
Many people have had to take a urine test for cannabis, perhaps as a job requirement. Using the popular procedure, marijuana metabolites can in some cases be detected for weeks after a person’s last use. But here’s a question few may have thought to ask: Can THC be detected... Read more
The national marijuana dispensary chain MedMen has temporarily closed down all of its stores after several of its Los Angeles-based locations were looted over the weekend. While the company strongly condemned the looting, it said it recognizes the tragedies that led up to the incidents and is offering to... Read more
Twelve House members introduced a resolution on Friday condemning police brutality in light of the recent law enforcement killings of two black individuals that have galvanized mass protests. The measure specifically notes the racial injustices of the war on drugs. The resolution is partly motivated by the killings of... Read more
As per a 2017 agreement to revisit legal cannabis later on, a referendum on legalizing cannabis will be held during the 2020 elections in New Zealand this September.   A draft of the bill has been published in the country that asks ‘Do you support the proposed “Cannabis Legalisation and... Read more

The month of May was quite volatile for many marijuana stocks. With…

The post Top Marijuana Stocks To Watch For June appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

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Chart: Kentucky warns hemp industry to ‘proceed with caution’ in light of new data
Hemp pioneer Kentucky is reporting licensing fewer hemp growers and less growing acreage for 2020 as state agriculture officials warn prospective producers to “proceed with caution” after a “volatile” 2019. State agriculture officials in Kentucky on Friday released production data from the 2019 season and revealed the number of... Read more
The Valens Company Enters into $40 Million Debt Facility KELOWNA, BC, June 1, 2020 /PRNewswire/ –Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF) (the “Company” or “The Valens Company”), a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products, today announced it has entered into a syndicated credit facility (the “Credit Facility”) with... Read more
Acreage Enters Into Two Definitive Funding Agreements for up to $60 Million Gross Proceeds NEW YORK, June 01, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announced it has entered into two definitive funding agreements for a total of... Read more
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