The Hawaii state Tax Department projects that legalizing adult-use cannabis in the state would generate about $50 million per year in tax revenue, far eclipsing the $2.5 million in medical marijuana taxes collected over the past fiscal year, according to a recent report from the agency. But a state... Read more
Regulators in New York this week lifted a stringent requirement that cannabis growers in the state had decried as an “existential threat” to their operations. NY Cannabis Insider reports that the state’s Office of Cannabis Management on Tuesday sent an email to cultivators to note that it had “updated... Read more
A pair of Colorado agencies last week issued “a Health and Safety Advisory” after identifying “potentially unsafe levels of total yeast and mold and aspergillus on Medical Marijuana flower (bud/shake/trim)” that was produced by a business based in Colorado Springs. The advisory was issued by both the Colorado Department... Read more
While the rest of us namby-pamby Americans pay $80 an hour to our psychiatrists or eating mushrooms to deal with our problems, the Russians have developed a much more direct approach: live burial. A company in St. Petersburg Russia called Prekated Academy offers the chance to fake your own... Read more
An undercover investigation in Virginia ended with the arrest of an off-duty Pentagon police officer by the Arlington County Police Department last Friday. The ACPD issued a press release on Halloween which said their detectives had been investigating Welch for possibly selling drugs based on evidence for which they... Read more
Innovative Industrial Properties Reports Third Quarter 2022 Results $368.6 Million of New Investments in First Nine Months of 2022 Drives 30%+ Increase Year-Over-Year in Q3 Total Revenues SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:... Read more
ScottsMiracle-Gro Announces Full-Year Sales and Earnings in Line with Guidance; Launches Phase Two of Project Springboard to Realize Further Cost Savings Company meets FY 2022 EPS, free cash flow guidance Project Springboard achieves $100 million of annualized cost savings, introduces additional target of $85 million in savings Company reaffirms... Read more
Green Thumb Industries Reports Third Quarter 2022 Results CHICAGO and VANCOUVER, British Columbia, Nov. 02, 2022 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial results for the... Read more
More than two dozen members of Congress are urging the State Department to escalate diplomatic efforts to secure the release of a U.S. citizen and medical marijuana patient who’s imprisoned in Russia over cannabis. In a bipartisan letter led by Reps. Conor Lamb (D-PA) and Guy Reschenthaler (R-PA) and... Read more
