A majority of lawmakers in Delaware’s state House of Representatives voted in favor of a bill to legalize recreational cannabis, but that was still below the threshold necessary for the legislation to advance. The Associated Press reported that “embers of the Democrat-led chamber voted 23-14 in favor the legislation,... Read more
According to data collected in a national survey, released March 8, conducted by Morning Consult, and on behalf of the American Bankers Association, the majority of Americans want Congress to get the ball rolling with cannabis banking reform. Lack of banking access forces cannabis businesses to deal in cash—which... Read more
A Kentucky legislative committee voted on Thursday to advance a bill to legalize medical cannabis two days after the legislation gained the endorsement of a key state senator. The measure, House Bill 136, was passed with strong bipartisan support by the House Judiciary Committee with a vote of 15-1.... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Both Illinois and Michigan posted better year-over-year growth in cannabis sales in February than in January 420 Investor model portfolios have returned -12.5% to -11.3% year-to-date,... Read more
Acreage Holdings Reports Fourth Quarter and Full Year 2021 Financial Results Consolidated revenue grew 84% to $58.1 million in the fourth quarterand 65% to $188.9 million for the full year Full year gross margin increased to 51% Achieved positive Adjusted EBITDA through fiscal 2021, an improvement of $54.1 million... Read more
New York regulators on Thursday advanced a rule to make it so people with prior marijuana convictions, or whose family members have been harmed by criminalization, will get the first round of adult-use marijuana retailer licenses—ahead of existing medical cannabis businesses. The development is one part of what Gov.... Read more
New York regulators on Thursday advanced a rule to make it so people with prior marijuana convictions, or whose family members have been harmed by criminalization, will get the first round of adult-use marijuana retailer licenses—ahead of existing medical cannabis businesses. The development is one part of what Gov.... Read more
New York regulators on Thursday advanced a rule to make it so people with prior marijuana convictions, or whose family members have been harmed by criminalization, will get the first round of adult-use marijuana retailer licenses—ahead of existing medical cannabis businesses. The development is one part of what Gov.... Read more
As war wages in Ukraine, cannabis industry businesses across the United States are doing their part to help those caught in the ravages of the conflict. Russia invaded its smaller neighbor Ukraine on February 24 after massing on the border between the two nations for months, leading to a... Read more
Arizona is on track to moving in a positive direction and righting the wrongs of the War on Drugs. Cannabis-related arrest records can wreak lasting damage—thwarting job opportunities, housing or even student loan programs. On March 7 of this year, the Maricopa County Attorney’s Office (MCAO) issued a press... Read more
