How coronavirus in China could be a boon for US hemp producers
The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets. Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain. And this newest issue underscores the vulnerabilities in the global marketplace... Read more
Twelve Republican lawmakers sent a letter to the chair of the Senate Banking Committee on Thursday, thanking him for proposing a series of restrictive changes to a House-passed bill to provide marijuana businesses with greater access to financial services. Meanwhile, a coalition of more than 1,300 cannabis industry professionals... Read more
Twelve Republican lawmakers sent a letter to the chair of the Senate Banking Committee on Thursday, thanking him for proposing a series of restrictive changes to a House-passed bill to provide marijuana businesses with greater access to financial services. Meanwhile, a coalition of more than 1,300 cannabis industry professionals... Read more
He is known for his succulent micro greens, but after 10 years at French Laundry, the restaurant’s head culinary gardener is moving on to — if not greener, then certainly danker — pastures. Aaron Keefer has been named Sonoma County craft cannabis endeavor Sonoma Hill Farms’ vice president of cannabis... Read more
Lawmakers in New Jersey took steps this week toward enshrining protections for marijuana companies in the state and individuals on workers compensation prescribed to medical cannabis. Two bills were passed out of the state Assembly committee on financial institutions on Thursday. One measure would establish protections for insurance companies... Read more
The mayor of Amsterdam is considering putting restrictions on cannabis tourism, citing research that shows a third of visitors would come less often if they were barred from the city’s famed “coffee shops” that sell marijuana. The proposal comes as city leaders struggle to reduce the congestion that has... Read more
Canopy Growth Reports Third Quarter Fiscal 2020 Financial Results Generated $124 million Net Revenue, up from $76 million in Q2 2020 Excluding portfolio restructuring charges in Q2 2020, Net Revenue up 13% Achieved Gross Margin of 34% Total Operating Expenses down 14% versus the prior quarter Adjusted EBITDA loss... Read more
At this moment, 11 American states and Washington, D.C. now have adult-use cannabis legislation law on its books. When it comes to medical, 33 states have passed regulations. Additionally, 24 states and the country’s capital decriminalized marijuana in some form or another.  With over half of the United States... Read more
It was backed by the governor, the vast majority of the state’s population, and had even been reviewed by a committee in January. But it now appears that there will be no further movement for SB 115 this year, meaning New Mexico’s cannabis legalization dreams will have to wait... Read more
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