CBD prices are falling as companies seek new consumers. Is that a good thing?
CBD products in the U.S. have gotten cheaper over the last year, driven by falling prices for hemp biomass, reduced production expenses, and plans to reach consumers with less disposable income as unemployment numbers soar amid COVID-19. The aggregate price of hemp CBD biomass dropped by 79% from April... Read more
Greenlane Announces Second Quarter 2020 Financial Results BOCA RATON, Fla., Aug. 07, 2020 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (“Greenlane” or “the Company”) (Nasdaq: GNLN), one of the largest global sellers of premium cannabis accessories and specialty vaporization products, today reported financial results for the second quarter ended June... Read more
Over her eight years in Congress, Rep. Tulsi Gabbard (D-HI) quickly established herself as a leading advocate for marijuana and hemp reform by introducing numerous pieces of cannabis legislation and actively working to build bipartisan support around the issue. And while the congresswoman will be retiring after this session,... Read more
Contracts, emails and spreadsheets that Juanita and Dawn Ramos shared with ProPublica detail how domestic and foreign investors, many with marijuana industry ties, seized upon the nation’s public health disaster. By J. David McSwane, ProPublica In late April, as an escalating pandemic shut down most of the country and... Read more
Over her eight years in Congress, Rep. Tulsi Gabbard (D-HI) quickly established herself as a leading advocate for marijuana and hemp reform by introducing numerous pieces of cannabis legislation and actively working to build bipartisan support around the issue. And while the congresswoman will be retiring after this session,... Read more
State regulators in Michigan issued a recall order for pre-rolled joints sold at more than a dozen retailers over reports that an employee in a marijuana processing facility licked the products as they were being made. The recall order covers cannabis pre-rolls manufactured by 3843 Euclid LLC, a Bay... Read more
The San Diego County Board of Supervisors declined to take action on a proposal that would end a ban on cannabis businesses in unincorporated areas of the county and establish the framework for a social equity program in a regulated marijuana industry. The motion to approve the proposal from... Read more
Millennials and Baby Boomers love a good feud, but it looks like smoking a bowl together might put some of that angst to rest after all. According to a recent study from Verilife, a dispensary operator under the PharmaCann umbrella, there are more similarities than differences when it comes... Read more
Texas businesses file lawsuit against state for smokable hemp ban
Hemp manufacturers and retailers in Texas filed a lawsuit on Wednesday, challenging the Texas health department on its recently enacted ban on selling smokable hemp products. Four businesses filed the lawsuit in a Travis County court against the Texas Department of State Health Services and its commissioner John Hellerstedt.... Read more
TerrAscend Preannounces Strong Second Quarter Results NET SALES OF $47.2 MILLION AND ADJUSTED EBITDA OF $11.4 MILLION Net Sales increased 36% quarter-over-quarter and 169% year-over-year Adjusted EBITDA increased to $11.4 Million, a 131% improvement quarter-over-quarter Adjusted EBITDA Margin expands sequentially to 24% from 14% Adjusted Gross Margin expands sequentially to 56% from 45%... Read more
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