Fully two-thirds of Americans now support the legalization of marijuana, according to data from a Gallup poll released on Monday. That figure is the highest level of support since Gallup first began polling about legalizing cannabis more than 50 years ago, although it is not a statistically significant increase... Read more
Study: During coronavirus pandemic, American consumers turn to CBD for stress relief, wellness
In a year of a deadly pandemic and a historic presidential election, it shouldn’t surprise anyone that anxiety levels are sky high among American consumers. But the silver lining for the hemp and CBD industry is that at least 20% of consumers are using more CBD products as a... Read more
Aurora Cannabis Announces Fiscal First Quarter 2021 Results #1 Canadian Medical Position by Cannabis Net Revenue & Strong International Medical Growth Cannabis Net Revenue of $67.8 million, Adjusted Gross Margin of 48%, or 52% Excluding Nordic 1 Ramp Up Costs Achieved Targeted SG&A During Q1 2021 EDMONTON, AB, Nov. 9, 2020 /PRNewswire/ –... Read more
Tilray, Inc. Reports 2020 Third Quarter Results Total Revenue of $51.4 Million was Flat Versus Q3 2019 and Up 2.0% Compared to Q2 2020 – Excluding Bulk Sales in the Prior Year Period, Total Revenue Increased 25% Total Annualized Savings of Approximately $55 Million to be Achieved by Q4... Read more
Less than a week after New Jersey voters overwhelmingly approved a referendum to legalize marijuana, state lawmakers are set to take up a new bill on just what the cannabis sales system will look like, including who will profit from the projected multibillion-dollar market. On Monday, committees in both... Read more
Less than a week after New Jersey voters overwhelmingly approved a referendum to legalize marijuana, state lawmakers are set to take up a new bill on just what the cannabis sales system will look like, including who will profit from the projected multibillion-dollar market. On Monday, committees in both... Read more
Italian economists: High-CBD hemp flower cut into illicit MJ market, hurt organized crime
A “cannabis light” vending machine in Italy (photo courtesy Alfredo Pascual) The availability of hemp flower containing up to 0.6% THC in Italy led some marijuana users to abandon their illicit products, costing criminal networks tens of millions, a trio of economists has found. The researchers’ findings, published last... Read more
Canopy Growth Reports Second Quarter Fiscal 2021 Financial Results Achieved record quarterly net revenue of $135 million Net Loss of $97 million; Adjusted EBITDA loss of $86 million, a 43% improvement versus Q2 FY20 Implementing initiatives to capture $150-$200 million of savings across our cost structure Increased market share... Read more
Paradoxically, the two cannabis parties’ success may wind up hurting the cause of legal marijuana. By siphoning votes from the DFL and helping Republicans, legal marijuana is less likely to pass, as the Senate GOP killed a legalization bill in committee in 2019. By Max Nesterak, Minnesota Reformer Marijuana... Read more
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