Two Pennsylvania state lawmakers introduced legislation on Tuesday that would legalize recreational cannabis for adults and create a regulated market for adult-use marijuana. The legislation from Democratic state Reps. Jake Wheatley and Dan Frankel, House Bill 2050, also includes social equity provisions to encourage participation in the legal cannabis... Read more
Enter a long, strange trip into the mind of a genius. Elon Musk—who on September 27 became the world’s richest person, surpassing Jeff Bezos—said people should be “open to psychedelics” at a CodeCon event on Tuesday. Ronan Levy, executive chairman of Field Trip Health hosted conversation with Musk during... Read more
In a move that is further expected to shore up new calls for comprehensive cannabis reform at a European level, Czech President Miloš Zeman signed a law in the last week of September that allows industrial hemp grown in the country to have a THC level of 1.0 percent. ... Read more
NBA Hall of Famer and entrepreneur Chris Webber on Tuesday broke ground on Players Only Holdings, a $50 million cannabis production and training facility in Detroit’s Corktown neighborhood. Once completed, the new facility sitting on nine acres near the Detroit River is expected to create hundreds of jobs over... Read more
Trulieve Completes Acquisition of Harvest Health & Recreation Inc. Creating the Largest and Most Profitable U.S. Cannabis Operator Combined Company Platform Poised for Accelerated Growth Industry Leading Footprint in Cornerstone Markets Expanded Runway for Growth in Northeast, Southeast, and Southwest Strategic Hubs Trulieve to Host a Conference Call and... Read more
Following up on our discussion earlier this year about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March. The index continued to outpace the overall market in September, falling 10.4% to 83.77, slightly better than... Read more
The Global Cannabis Stock Index fell for the seventh consecutive month, declining 12.6% to 45.02: The index, which was down 21.2% in Q3, had 44 qualifying members during the month following the quarterly rebalancing at the end of June. After increasing 5.2% in 2020 to 44.39, it is now up 1.4% in... Read more
Trulieve Announces $350 Million Private Placement of 8% Senior Secured Notes Leverages Industry Leading Balance Sheet to Provide for Retirement of Certain Harvest Health & Recreation Debt Upon Completion of Acquisition TALLAHASSEE, Fla., Sept. 30, 2021 /CNW/ – Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF)... Read more
After breaking a three-month losing streak with a 1% gain in June and then retreating almost 10% in July and 7.5% in August, the Canadian Cannabis LP Index fell sharply again in September, declining 12.2% to 263.39 and ending Q3 down 26.7%: The index, which fell 30.1% in 2020 to end... Read more
