France is currently working toward the eventual launch of its official medical cannabis program, and a new update from the French National Medicines Safety Agency (ANSM) recently announced that access to cannabis flower is not currently included. France’s medical cannabis experiment began in August 2021, and 2024 is set to... Read more
Police officials in New Orleans this week told a city council committee that rats have taken over the department’s downtown headquarters, saying that the rodents have been eating marijuana stored in an evidence room. Anne Kirkpatrick, the superintendent of the New Orleans Police Department, told the city leaders at... Read more
Lawmakers in Washington State “recently passed a bill granting an exemption from the 37% excise tax for medical marijuana patients and designated providers,” according to Forbes. The passage of the measure eliminates what has been characterized as “one of the highest tax rates imposed on medical marijuana products.” The... Read more
Connecticut’s Department of Consumer Protection (DCP) published a new dataset, showing the price per gram of “usable cannabis” sold in the state’s adult-use cannabis and medical marijuana markets, according to a March 11 press release. The dataset’s category “usable cannabis” essentially means flower and includes raw flower in whole,... Read more
AYR Wellness Reports Fourth Quarter and Full Year 2023 Results FY 2023 Revenue up 10% to $463.6 Million, Excluding Discontinued Operations FY 2023 GAAP Loss from Operations Improved to $37.2 Million, Excluding Discontinued Operations FY 2023 Adjusted EBITDA1 up 51% to $114.0 Million, with Adjusted EBITDA Margin of 25%... Read more
A bill on the desk of Washington State Gov. Jay Inslee (D) would exempt registered medical marijuana patients from the state’s 37 percent cannabis excise tax, which is currently one of the highest in the country. The exemption would only apply, however, to products that have been certified to... Read more
A Hawaii Senate panel has significantly scaled back a measure that—as passed by the House last week—would have directed the state to automatically expunge tens of thousands of arrest and conviction records for low-level marijuana possession, amending the proposal to instead limit the relief to a one-county pilot program.... Read more
AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Q4 2023 Net Revenue Increased 25% Year-over-Year to $140 million Q4 2023 Adjusted EBITDA Increased 15% Year-over-Year to $32 million Full Year 2023 Net Revenue Increased 28% Year-over-Year to $519 million Full Year 2023 Adjusted EBITDA Increased 14% Year-over-Year... Read more
The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber... Read more
