Local bans on marijuana businesses in California are helping the illicit market to thrive and are depriving the state and municipalities of tax revenue that could help offset economic losses caused by the coronavirus pandemic, according to a new study. The report analyzes the financial impact from the 75... Read more
Local bans on marijuana businesses in California are helping the illicit market to thrive and are depriving the state and municipalities of tax revenue that could help offset economic losses caused by the coronavirus pandemic, according to a new study. The report analyzes the financial impact from the 75... Read more
Picture this: cannabis from a vending machine. That is essentially the concept behind “anna” (yes, all lowercase), a new product being rolled out by a Boston-based cannabis tech company of the same name. Here’s how it works, per a demo on the company’s website: a customer walks into a... Read more
As Sen. Kamala Harris takes her place on the ticket with presumptive Democratic presidential candidate Joe Biden, voters are taking a closer look at her record on the issues of the day. And while Harris’ experience as a prosecutor in California gives some in the cannabis community pause, others... Read more
A study of consumer attitudes released recently found that residents of states with legal cannabis have a positive view of the regulated marketplace. Results of the research, “Consumer perceptions of ‘legal’ and ‘illegal’ cannabis in US states with legal cannabis sales,” were released online last month ahead of the... Read more
Before he became a full-fledged advocate for full-spectrum cannabinoid products, Tim Gordon admits he was fascinated with the potential of CBD alone. “My passion was CBD and understanding this Swiss Army knife of molecules,” Gordon told Hemp Industry Daily editor Kristen Nichols during HID’s latest webinar. Gordon, the founder... Read more
Hexo Corp. Completes C$34.5 Million At-the-Market Offering Program OTTAWA, Aug. 13, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has completed its previously announced at-the-market equity program (the “ATM Program”). Under the ATM Program, the Company sold an aggregate... Read more
GrowGeneration Reports Record Financial Results Q2 2020 Record Revenues of $43.5 Million, Adjusted EBITDA of $4.6 Million and Net Income of $2.6 Million 2020 Revenue Guidance Increased to $170-$175M Adjusted EBITDA Guidance for 2020 is $17.0-$18.0M GAAP Net Income Guidance for 2020 is $7.0-$8.0M 2021 Revenue Guidance Set at... Read more
Sundial Reports Second Quarter 2020 Financial Results CALGARY, AB, Aug. 13, 2020 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) reported its financial and operational results for the second quarter ended June 30, 2020. All financial information in this press release is reported in millions of... Read more
