Colorado hotel room rentals increased considerably after the state began legal marijuana sales, a newly published study reveals. Washington State also saw increases in tourism after legalization, though the effect there was more modest. The two states were the first in the U.S. to allow adult-use cannabis through laws... Read more
A group of patients who regularly use medical marijuana showed little difference in driving performance after inhaling cannabis, according to the findings of a Canadian study released recently. Results of the study by researchers from the University of Toronto, Health Canada, and the Centre for Addiction and Mental Health... Read more
Last summer, Post Malone founded the lifestyle brand Shaboink and rolled out his line of hemp-derived CBD pre-rolls with Sherbinskis, which were teased at the Hall of Flowers in Santa Rosa, California. But the gravity of recent events shifted the young rapper-turned-popstar’s priorities to address a new call to... Read more
Medical researchers in Israel are planning to study the potential for cannabis to be used as a treatment for COVID-19, the disease caused by the novel coronavirus. The investigators at the Center for Cannabis Research at Rambam Health Care Campus in Haifa have been studying the effect of cannabis... Read more
Some may think legal cannabis and the federal Drug Enforcement Administration (DEA) are less at odds than the DEA was with the illicit market, but that may not be so. A national, cannabis trade group is publicly asking the DEA to keep out of medical cannabis research. They think... Read more
It’s no easy time to start a business, and a Kentucky startup looking to turn hemp fibers into wood has had it worse than many. Which makes it odd that company founder Gregory Wilson is all smiles talking about prospects for his company, called Fibonacci. First the company had... Read more
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
