Green Thumb Industries Reports First Quarter Revenue of $102.6 Million and Adjusted Operating EBITDA of $25.5 Million Total revenue increased 35% quarter-over-quarter and 268% year-over-year. Adjusted Operating EBITDA increased 85% quarter-over-quarter, providing the Company with positive free cash flow from operations. Successfully launched adult use sales in Illinois on... Read more
Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update Net revenue of $78.4 million, excluding provisions of $2.9 million, an increase of 18% over prior quarter Consumer cannabis net revenue of $41.5 million, excluding provisions, a 24% increase over prior quarter Cash cost to produce per... Read more
Senate Majority Leader Mitch McConnell (R-KY) complained in a floor speech on Thursday that House Democrats were pushing for “diversity detectives” to study equity in the marijuana industry as part of their latest coronavirus relief package. Like several other GOP legislators in recent days, the majority leader said Democrats... Read more
Senate Majority Leader Mitch McConnell (R-KY) complained in a floor speech on Thursday that House Democrats were pushing for “diversity detectives” to study equity in the marijuana industry as part of their latest coronavirus relief package. Like several other GOP legislators in recent days, the majority leader said Democrats... Read more
Democrats in the U.S. House of Representatives introduced a coronavirus stimulus and relief bill on Tuesday that includes provisions allowing legal cannabis businesses access to banking services, although the measure does not grant marijuana-related companies eligibility for federal small business loans. The bill, known as the Health and Economic... Read more
Today, Israel announced its approval for exports of medical cannabis, meaning that sales outside of the country can now commence. The nation expects to earn millions in revenue from this move.  “This is a significant step for exporters and the Israeli industry, which will enable both expansion of export... Read more

Marijuana stocks have definitely had some bad days in the past few…

The post Are These Alternative Marijuana Stocks a Safer Investment? appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

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CBD in Europe: EU agency weighs in on joint novel-food applications
EU flags wave in front of the European Commission in Brussels, Belgium. European regulators say they are willing to accept the hemp industry’s joint application efforts to demonstrate CBD safety in foods – but they have some words of caution about what collaborations will be acceptable. The European Food... Read more
France’s blanket ban on CBD should go, EU court adviser says
France’s blanket ban on the marketing of all hemp-derived CBD products contradicts EU law on the free movement of goods, an adviser to the Court of Justice of the European Union said in a legal opinion on Thursday. The advocate general’s opinion, if followed by the top EU court,... Read more
Charlotte’s Web Holdings Reports Q1-2020 Results BOULDER, CO, May 14, 2020 /CNW/ – (TSX:CWEB, OTCQX:CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) the market share leader in full spectrum cannabidiol (CBD) hemp extract products, today reported financial results for the first quarter ended March 31, 2020. All... Read more
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