Senate Majority Leader Mitch McConnell mocked Speaker of the House Nancy Pelosi on Monday, saying that her support for cannabis in a coronavirus relief and stimulus bill is a carve-out for special interests that is unrelated to the pandemic. In May, the House of Representatives passed the Health and... Read more
Kristen Nichols (This is an abridged version of a column that appears in the August issue of Marijuana Business Magazine.) It isn’t just the guys and gals making high-THC products who confront illicit competition. Hemp entrepreneurs see it, too. The fact was driven home recently when a CBD manufacturer I... Read more
Cannabis stocks recovered nearly all of the losses from June during July, with the Global Cannabis Stock Index increasing 9.0% to 32.07: The index, which had 37 qualifying members during the month following the quarterly rebalancing at the end of June, declined 34.1% in 2019 to 42.20 and is now down... Read more
Supreme Cannabis Announces Agreement to Partially Convert and Amend Debentures Supreme Cannabis reduces principal amount to $36.5 million from $100.0 million Extends maturity date on $36.5 million of remaining Debentures to September 1, 2025 and reduces conversion price to $0.285 Reduces annual interest payments by over 50% TORONTO, Aug.... Read more
Rocked by a global pandemic and its resulting economic havoc, thousands of CBD companies in the United States will likely shutter in 2020 – but the CBD market will remain flooded with some 1,500 brands jostling for market share, according to cannabis research firm Brightfield Group. The top 20... Read more
Adding to a 29% gain in Q2 despite a pullback in June, the American Cannabis Operator Index rocketed higher in July, increasing 26.7% to 34.53: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining... Read more
FDA Approves EPIDIOLEX® (cannabidiol) Oral Solution to Treat Seizures Associated with Tuberous Sclerosis Complex – Age-range for all EPIDIOLEX indications expanded to include patients one year of age and older – – Third indication approved for EPIDIOLEX, the only FDA-approved Cannabidiol (CBD) medicine – CARLSBAD, Calif., Aug. 03, 2020... Read more
After dropping 11.4% in June, the Canadian Cannabis LP Index managed only a slight recovery in July due to weak performance from the largest LPs, gaining 0.8% to 285.33: Over the past year, the index has declined 64.0%: The index remains substantially below the all-time closing high of 1314.33 in September 2018, just... Read more