The New Jersey Senate on Monday approved a marijuana decriminalization bill as lawmakers continue to discuss broader enabling legislation to legalize cannabis following voter approval of the issue on Election Day. Members of the Assembly were also scheduled to take up the decriminalization proposal—which would eliminate criminal and civil... Read more
Greenlane Reports Record Core Business Revenue in Q3 2020 Core Revenue Expands 36% to $32.3 million Compared to Q3 2019 Sales of Greenlane Brands Grew Approximately 65% to $5.6 million Compared to Q3 2019 Implements Further G&A Expense Reductions to Achieve Annualized Savings of Approximately $5.0 million Strong Balance... Read more
Harvest Health & Recreation Inc. Announces Divestiture of Arkansas Assets PHOENIX, Nov. 16, 2020 /PRNewswire/ — Harvest Health & Recreation Inc. (“Harvest”) (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., has completed the divestiture of its dispensary and cultivation assets in Arkansas.... Read more
Aurora Cannabis Closes Previously Announced Upsized Underwritten Public Offering Over-Allotment Option Exercised in Full EDMONTON, Alberta, Nov. 16, 2020 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the closing of its previously... Read more
Vireo Health Announces Forced Redemption of Warrants Issued in Conjunction with March 2020 Private Placement — Successful financing helped drive improvements in operating performance —— Management expects redemptions to result in CAD $13.1 million of cash proceeds — MINNEAPOLIS, Nov. 16, 2020 /PRNewswire/ — Vireo Health International, Inc. (“Vireo”... Read more
With a state budget devastated by the coronavirus, some Democratic lawmakers are hoping the economic crisis could become an opportunity to coax Texas into joining a growing number of states opting to legalize — and tax — recreational marijuana use. The chances are slim. State Sen. Roland Gutierrez of... Read more
Entrepreneurs in the young hemp industry are often still working to develop consistent processes for handling the production flow of their goods and services, from their raw components to the end product. Developing a stable framework helps companies efficiently control product quality, inventory levels, timing and expenses to quickly... Read more
The Trump administration appears to have considered celebrities’ views on marijuana legalization and drug use to be relevant factors when selecting spokespeople to participate in a public education campaign on coronavirus prevention, internal documents show. From Seth Rogen to Kim Kardashian to Joe Rogan, drug policy views or experiences... Read more
Proposals to legalize recreational marijuana in Virginia are set to get their first serious hearings when the General Assembly convenes in January and, at least for now, it looks like there’s a decent chance they could succeed. By Ned Oliver, Virginia Mercury Members of the House of Delegates expect... Read more
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