Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis... Read more
With the federal government moving to reschedule marijuana, a Democratic congressman has issued a new memo on cannabis reform priorities to reflect renewed “optimism for the path ahead”—laying out suggestions to advance the issue both in Congress and administratively. Rep. Earl Blumenauer (D-OR), founding co-chair of the Congressional Cannabis... Read more
South Dakota activists have officially turned in what they believe will be more than enough valid signatures to put a marijuana legalization initiative on the state’s ballot for the third time this November. South Dakotans for Better Marijuana Laws (SDBML) delivered 29,030 signatures to the secretary of state’s office... Read more
AWH ANNOUNCES Q1 2024 FINANCIAL RESULTS Achieved $142.4M Net Revenue in Q1 2024, a 25% Increase Year-Over-Year and 2% Increase Quarter-Over-Quarter Reported $32.5 million in Adjusted EBITDA, a 39% Increase Year-Over-Year Generated Positive Cash from Operations NEW YORK, May 7, 2024 /PRNewswire/ – Ascend Wellness Holdings, Inc. (“AWH,” or... Read more
A new review of the science around the components of marijuana says the “complex interaction between phytocannabinoids and biological systems offers hope for novel treatment approaches,” laying the groundwork for a new era of innovation in cannabis-based medicines. Among other takeaways, the report, published earlier this month in the... Read more
South Dakota activists are “extremely confident” they’ve collected more than enough signatures to qualify a marijuana legalization initiative for the state’s November ballot. South Dakotans for Better Marijuana Laws (SDBML) will deliver the signatures to the secretary of state’s office on the turn-in deadline on Tuesday, the campaign announced... Read more
The leader of a marijuana prohibitionist organization that accurately predicted last week’s cannabis rescheduling recommendation now says that sources inside the Drug Enforcement Administration (DEA) are telling him that Anne Milgram, the agency’s administrator, “did not sign off” on the landmark decision. “I can now say with full confidence... Read more
Voters in Lubbock, Texas have rejected a local measure to decriminalize marijuana. The city was the the first community to consider the reform on the ballot following Texas Attorney General Ken Paxton’s (R) legal actions against five other Texas cities with voter-approved decriminalization laws. Lubbock residents voted on a... Read more
Following an effort to attract more military veteran supporters of marijuana legalization, the campaign behind a Florida ballot measure to legalize adult-use cannabis—Amendment 3—is beginning to feature more veterans in media outreach. Smart and Safe Florida, the organization backing the initiative, announced last month that it’s working to form... Read more
