The tax man is extending a helpful hand to marijuana business owners, not something we would normally see for the cannabis industry. In an announcement posted on its website late last month, the Internal Revenue Service unveiled its new “Cannabis/Marijuana Initiative,” billed as a “groundbreaking effort” by the agency... Read more
Today California Governor Gavin Newsom signed Assembly Bill 45, establishing a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in the state, including smokable hemp as well as hemp-infused food and drink sales. As an emergency statute, the bill goes into effect immediately. While CBD products... Read more
Tilray, Inc. Reports First Quarter Fiscal Year 2022 Financial Results Net Revenue and Gross Profit Increased 43% and 46%, Respectively, for Largest Global Cannabis Cultivator 10th Consecutive Quarter of Positive Adjusted EBITDA $55 Million in Cost-Savings Achieved On a Run-Rate Basis To Date; On-track for at Least $80 Million... Read more
4Front Ventures Announces Accretive Acquisition of Massachusetts Based New England Cannabis Corporation Expected to add significant accretion to 2022 EBITDA and beyond More than doubles 4Front’s total flower canopy in important limited-license state of Massachusetts Fully operational 55,000 sq. ft. cultivation facility adds scale and depth in the State Cash... Read more
Exclusive Interview with NewLake Capital Partners CEO David Weinstein and President and Chief Investment Officer Anthony Coniglio Anthony Coniglio last spoke with New Cannabis Ventures in April 2020 as the CEO of name NewLake Capital Partners (OCTQX: NLCP). Since then, the cannabis real estate company has acquired GreenAcreage Real Estate... Read more
Humble & Fume, Inc. Reports Fiscal 2021 Fourth Quarter and Full Year Financial Results Fiscal year 2021 revenue increased 71% y-o-y to $74.1 million Appointed experienced cannabis industry leader, Joel Toguri, as Chief Executive Officer Company continues to execute against its plans to drive revenue with a strong focus... Read more
Pennsylvania is becoming something of a hotbed for marijuana legalization legislation, with a Democratic state lawmaker on Tuesday announcing his intent to file a reform bill that he’ll be working on with a Republican senator who announced his support for the policy change a day earlier. There are also... Read more
According to an in-depth cover interview with GQ, Will Smith remembered a series of psychedelic experiences in Peru, and his new memoir Will, set to hit shelves on November 9, will describe the encounters in further detail. According to GQ, his tell-all Will, will provide the most unpolished version... Read more
Cannabis legalization appears almost certain to do more good than harm for the world. As an industry takes shape and drug war victims incrementally receive a modicum of restorative justice, we may sometimes overlook the adverse impacts along the way. Waste continues to be a primary concern. Legalization across... Read more
Medical marijuana patients in New York state will soon be able to do something for the first time in the five-year history of the program: purchase smokable marijuana. The state’s newly formed regulatory board approved the sale of marijuana flower on Tuesday, broadening the offerings of a medicinal pot... Read more
