The nation’s leading psychedelics research organization announced on Thursday that it has raised $30 million in donations—including from several notable business leaders outside the drug policy realm—that will enable it to complete a study on using MDMA to treat post-traumatic stress disorder (PTSD). The Multidisciplinary Association for Psychedelic Studies... Read more
One of the nation’s largest chained retailers of health supplements, Vitamin Shoppe, is leaning into its CBD experiment with expanded plans to carry more ingestibles and topicals. The retailer says that strong demand prompted a move to ratchet up CBD displays in some 572 locations in 39 states, plus... Read more
Photo courtesy of Hempen A lingering stalemate between state and federal regulators over rules for growing hemp is leaving farmers without strong direction as they head into a harvest season unsure about the rules that will govern them. The stalemate intensified this week when New York, one of the... Read more
Net sales increased 36% quarter-over-quarter and 169% year-over-year Adjusted EBITDA of $11.4 million, increasing 131% quarter-over-quarter Positive cashflow from operations of $10.4 million Anticipates 2020 full year net sales of at least $192 million and adjusted EBITDA of at least $45 million; Expects continued positive cashflow from operations in the second half of the... Read more
Planet 13 Holdings Inc. Announces $15 Million Bought Deal Public Offering LAS VEGAS, Aug. 20, 2020 /CNW/ – Planet 13 Holdings Inc. (“Planet 13” or the “Company”) (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”)... Read more
Cresco Labs Announces Accelerating Revenue and Increasing Operating Leverage in Record Second Quarter 2020 Results Record revenue of $94.3 million, 42% growth QoQ 30+% sequential revenue growth in all of the Company’s U.S. markets except Massachusetts Record adjusted EBITDA¹ of $16.5 million, 419% growth QoQ Reduced SG&A by $1.5... Read more
Four state attorneys general and about 50 other current and former law enforcement officials sent a letter to congressional leadership on Wednesday endorsing a federal marijuana legalization bill and urging that a vote on the legislation be held on the House floor next month. The push comes as a... Read more
Four state attorneys general and about 50 other current and former law enforcement officials sent a letter to congressional leadership on Wednesday endorsing a federal marijuana legalization bill and urging that a vote on the legislation be held on the House floor next month. The push comes as a... Read more
Four state attorneys general and about 50 other current and former law enforcement officials sent a letter to congressional leadership on Wednesday endorsing a federal marijuana legalization bill and urging that a vote on the legislation be held on the House floor next month. The push comes as a... Read more
