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
British food regulators have given the CBD industry a little over a year to apply for safety evaluations in order to remain on shelves, a landmark advancement as many nations have yet to decide whether cannabidiol can be sold in food. The announcement by the United Kingdom’s Food Standards Agency... 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
The lead prosecutor for Los Angeles County announced on Thursday that her office had teamed with a nonprofit tech group to clear 66,000 past marijuana convictions, some going back as long as six decades. Earlier this week, District Attorney Jackie Lacey filed a motion to erase 66,000 felony convictions... Read more
Is medical marijuana heading to the Heart of Dixie? That’s what Alabama state Sen. Tim Melson is fixing to do. Melson, a Republican, on Tuesday introduced a bill to legalize medical cannabis, a measure that would make Alabama the 34th state to take such a step. His legislation would... Read more
