The COVID-19 pandemic has not materially hurt cannabis producer Tilray Inc.’s ability to sell pot to medical patients and recreational customers, the company said late Monday as it reported a wider-than-expected net loss. Shares of Tilray TLRY, +3.85% fell 1.9% in the extended session after closing up 3.9% to close at $8.08... Read more
The search for a vaccine for the new coronavirus, SARS-CoV-2, or indeed a medicinal drug to cure it, has taken researchers down both traditional and less traditional avenues. They have looked at existing drug candidates, such as remdesivir, which was original developed to treat Ebola. In Germany, the first clinical trials... Read more
Coronavirus hasn’t kept some cannabis companies down: They’re staffing up even as unemployment in many other sectors soars. Weed businesses around the country that were in strong financial shape heading into the pandemic are hiring additional workers in response to robust demand for marijuana products. Almost all states have allowed... Read more
As a legislative probe into the rollout of Missouri’s medical marijuana program has expanded into Gov. Mike Parson’s office, a Neosho-area lawmaker is working to remove a cap on the number of medical marijuana licenses set by the state. Though he said he voted against Amendment 2 in 2018,... Read more
Massachusetts marijuana companies are getting closer to being able to offer delivery of retail cannabis, as some state regulators on Thursday said they believe delivery is a priority during the ongoing COVID-19 crisis. But one commissioner said she was concerned about the safety of delivery amid the pandemic. The... Read more
May 7, 2020 by AggregatedNews Leave a Comment Medical marijuana is legal in some form in 33 states, but to date, there has been very little scientific evidence that it is an effective treatment for any ailment. Pennsylvania’s medical schools are now gearing up to determine whether cannabis works.... Read more
In a case that could have important implications for the medical-marijuana industry, Florida Supreme Court justices Wednesday waded into a battle about whether the state has properly carried out a 2016 constitutional amendment that broadly legalized marijuana for patients. The Florida Department of Health appealed to the Supreme Court... Read more
The team at Drizly, a Boston-based alcohol e-commerce marketplace, has launched a new company to deliver marijuana. Lantern is the first on-demand cannabis e-commerce company in Massachusetts, according to a news release. While it was started by the team at Drizly, the two companies are separate. The company is starting with... Read more
Roll aside, toilet paper. Oklahomans rushed to purchase another product in record volume last month, as medical marijuana dispensaries logged enough sales to spike tax collections by more than 25%. According to the Oklahoma Tax Commission, dispensaries remitted almost $9.8 million in state taxes during April. That includes traditional... Read more
The CEO of the company behind one of Vermont’s five licensed medical marijuana dispensaries has resigned following allegations that he used the company’s resources for personal benefit. Hadley Ford, CEO of iAnthus Capital, immediately submitted his resignation after a special investigation uncovered $160,000 in personal loans from a managing... Read more
