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
Cresco Labs Shifts to Owned-Brand Distribution in California to Increase Profitability, Reduces Third Party Distribution CHICAGO, September 30, 2021–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the decision... Read more
Senate Majority Leader Chuck Schumer (D-NY) says he and colleagues working to advance a federal marijuana legalization bill have an “agreement” that the body will not take up cannabis banking legislation until more comprehensive reform advances. That said, he’s open to exploring an alternative way of advancing banking reform... Read more
Cannabis venture studio OpenNest Labs (ONL) announced two iconic drops: Afterdream—in collaboration with premium spirits brand AMASS Botanics—as well as fine quality cannabis brand Pine Park, in collaboration with esports entrepreneur and legend Hector Rodriguez aka @HECZ (or H3CZ). OpenNest Labs and Afterdream Sip Afterdream on the rocks with... Read more
A recent report from New Frontier Data explores the rapid growth of both medical and recreational cannabis sales in its “Global Cannabis Report: Growth & Trends Through 2025” report. The report is a comprehensive look at what to expect in the global cannabis industry over the next few years,... Read more
The German national election is over, and the results are in. The Cliff’s Notes version of the same is that there has been an upset in the German electoral map in a way that is still reverberating in political circles as coalition talks about which parties will form the... Read more
It was recently announced that 60,000 cannabis convictions will be dismissed in Los Angeles, California. Los Angeles County District Attorney George Gascón and The Social Impact Center, which is a nonprofit organization with ties to government, grassroots organizations and people in underserved communities, are behind the dismissals. The decision... Read more
