Also, pandemic-frazzled Americans are simply getting stoned more often. “It’s understandable that people may be more hesitant to get their products from sources that are unregulated,” said Kris Krane, CEO of 4Front Ventures, which operates dispensaries in multiple states. “They may not want to go to their dealer’s house,... Read more

The Cannabis Control Board on Thursday completed its review of the draft recreational cannabis regulations, with the caveat that provisions on civil penalties will be added later, among other things. “It’s very difficult to regulate (an industry) when there is no penalty or teeth to the regulations,” said CCB... Read more

Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains. U.S.-listed shares of the company fell about 4% in premarket trading. Lack of profitability has been a major concern for cannabis investors... Read more

The draft version of the platform supports decriminalizing marijuana use and legalizing medical marijuana, adding that it should be left up to the states “to make their own decisions about recreational use.” The platform was unlikely to ever endorse full legalization, since Joe Biden, the presumptive nominee, does not... Read more

As prospects of Democrats taking back control of the Senate continue to grow, the CEO of the largest cannabis company by revenue is predicting it could lead to an expedited timeline of marijuana becoming legal in the U.S. at the federal level. Speaking with Yahoo Finance shortly after the... Read more