British American Tobacco announced Monday that it has acquired a non-controlling minority stake in the Berlin-based marijuana startup Sanity Group GmbH. Kingsley Wheaton, the chief growth officer at BAT, characterized the deal as an example of the company’s “ongoing work to explore numerous areas beyond nicotine, positioning BAT for... Read more
Exclusive Interview with 22nd Century Group CEO Jim Mish 22nd Century Group (NASDAQ: XXII) is a plant-based biotechnology that operates three business segments: tobacco, cannabis/hemp and hops. The company aims to stabilize new plant strains and bring them to market. It started in the tobacco space and then moved... Read more
Canopy Growth Announces Divestiture of Canadian Retail Operations Decision supports the Company’s strategic objectives including streamlining Canadian operations, achieving profitability, and advancing a premium brand-driven portfolio for consumers SMITHS FALLS, ON, Sept. 27, 2022 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that the Company... Read more
iPower Reports Fiscal Fourth Quarter and Full Year 2022 Results Fiscal Q4 Revenue up 50% to a Record $22.1 Million Fiscal 2022 Revenue up 47% to a Record $79.4 Million iPower Management to Host Conference Call Today at 4:30 p.m. Eastern Time DUARTE, Calif., Sept. 27, 2022 (GLOBE NEWSWIRE)... Read more
A New Mexico man whose medical marijuana garden was raided by federal agents on tribal territory last year is planning to file a lawsuit seeking $3.5 million is damages over what he and other advocates consider to be an example of racial discrimination in cannabis enforcement. In September 2021,... Read more
Sen. Cory Booker (D-NJ) says that federal marijuana prohibition has created a “twin crisis” where people are still being arrested over cannabis in many states while, elsewhere, state-legal businesses are being locked out of financial services, compromising equity. The senator released a video on Friday that underscores the consequences... Read more
A top Republican Texas lawmaker says that he will work to enact criminal justice reform in the 2023 session, and he again expressed support for lowering penalties for marijuana possession. House Speaker Dade Phelan (R) talked about his legislative priorities during an interview at the Texas Tribune Festival on... Read more
Ohio medical marijuana sales have officially surpassed the $1 billion mark since dispensaries started serving patients in April 2019. Total sales reached $1,000,047,483 as of September 18 and then grew by another $8 million over the following week, according to data posted by the Ohio Medical Marijuana Control Program... Read more
