This year is shaping up to potentially be one of the most historic when it comes to cannabis, as U.S. advocates and consumers alike await the final decision from the Drug Enforcement Administration (DEA) on whether it will reschedule cannabis from a Schedule I to Schedule III controlled substance.... Read more
Pennsylvania Governor Josh Shapiro this week called on state lawmakers to legalize and regulate recreational marijuana, saying “It’s time to catch up” with neighboring states that have already taken the step. The governor made his plea on Tuesday during an annual budget address to unveil a $48.3 billion spending... Read more
Aurora Cannabis Acquires MedReleaf Australia Aurora becomes the largest global medical cannabis company operating in nationally legal markets. MedReleaf Australia holds the #2 position in medical cannabis within the rapidly growing ~AUD$400 million¹ Australian market. Transaction is expected to be immediately accretive to Adjusted EBITDA² and accelerate the Company’s... Read more
European Union (EU) officials have cleared activists to launch a signature drive for a multi-national initiative that would foster access to medical marijuana and promote research into the therapeutic potential of cannabis. The European Commission announced on Tuesday that it has agreed to partially register the initiative, meaning advocates... Read more
An eighth city in Massachusetts has adopted a local policy to deprioritize arrests around psychedelic plants and fungi, also urging county prosecutors to stop pursuing cases of possession, cultivation or distribution of the substances. The City Council of Medford passed a resolution Tuesday evening declaring that investigation and arrest... Read more
Canada’s THC-infused beverage market is about to get more crowded. Jones Soda, the beloved soft drink company known for its quirky flavors, said on Tuesday that the arm of its cannabis business, Mary Jones, “has been approved to operate in Ontario, Canada, with additional provinces to follow.” “Starting with... Read more
As New Jersey approaches the two-year anniversary of its recreational cannabis market launch this April and adult-use revenue continues to rise, regulators recently announced a new incentive for residents to secure their medical cards. The New Jersey Cannabis Regulatory Commission (NJ-CRC) announced last week that signup and renewal for... Read more
A report from Westword pointed out that the Colorado Tourism Office (CTO) has recently begun to feature information regarding a few cannabis businesses on its website. Westword spoke with licensed cannabis party bus business owner, Sarah Woodson, confirming that the CTO contacted her last year about her The Cannabis... Read more
ScottsMiracle-Gro Reports First Quarter Results Early Season Lawn and Garden Performance In-line with Expectations Company Reaffirms Full-year Non-GAAP Adjusted Gross Margin Improvement of 250 bps and Full-year Non-GAAP Adjusted EBITDA of $575 million First Quarter GAAP Loss of $1.42 Per Share; Non-GAAP Loss of $1.45 Per Share MARYSVILLE, Ohio,... Read more
New York’s governor is eyeing potential leadership changes within the state’s marijuana regulatory apparatus as she reiterates her frustration with the turbulent legalization rollout—an issue that state senators are also raising with officials in a new letter telling them to “do better.” It’s no secret that Gov. Kathy Hochul... Read more
