Federal charges were filed against Calexico City, California Councilman and Mayor Pro Tem David Romero and Commissioner Bruno Suarez-Soto for their alleged part in a cannabis bribery scheme, in which they accepted cash bribes in exchange for granting favors to cannabis businesses from the city.  This took place via... Read more
Two Republican members of the House of Representatives introduced a bill on Thursday that would effectively enact federal marijuana decriminalization. The measure, the Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act, was filed by Congressional Cannabis Caucus co-chairs Rep. Don Young of Alaska and Ohio’s... Read more
California has long gotten flack for not being an inclusive space for social equity and taking the steps some other states have as far as inclusion. Now, a group of social equity leaders from across the state who make up the California Cannabis Equity Alliance are planning a protest... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary  Michigan April cannabis sales grew 149%. Health Canada added 4 licenses, leaving the total now at 665. 420 Investor model portfolios have gained 47.0-68.7% year-to-date, while... Read more
Innovative Industrial Properties Acquires Pennsylvania Property and Expands Real Estate Partnership with Parallel, a Leading U.S. Cannabis Well-Being Company SAN DIEGO-May 14, 2021-(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis... Read more
Vireo Health Announces First Quarter 2021 Financial Results — Q1 GAAP revenue of $13.2 million increased 9% compared to Q1 2020 — — Excluding former PA subsidiaries, Q1 revenue increased 30% YoY and 14% sequentially — — Gross profit margin of 42.6% reflects improving efficiency of operations across core... Read more
Pending legislation in Nebraska that would have established a medical cannabis industry failed by two votes, a frustratingly tight margin for advocates. The vote needed 33 yes votes to pass, and only received 31, making it unable to break a filibuster. LB 474 is officially off the table.  Nicole... Read more
The Minnesota House of Representatives is planning a Thursday vote on a bill (HF 600) that would legalize adult-use cannabis in the state. The measure is expected to be passed by the House’s Democratic-Farmer-Labor Party (DFL) majority in what will be the first cannabis legalization vote by the full... Read more
Hydrofarm Holdings Group Announces First Quarter 2021 Results Company Updates Full Year 2021 Outlook FAIRLESS HILLS, Pa., May 13, 2021 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (“CEA”),... Read more
Aurora Cannabis Announces Fiscal 2021 Third Quarter Results Domestic Medical Net Revenue Steady at $26.9 Million Strong International Medical Net Revenue of $9.4 Million Total Cannabis Net Revenue, Excluding Provisions, of $58.4 Million Business Transformation Plan Continues, Management Expects to Deliver Incremental Cost-Saving Measures of $60 Million to $80... Read more

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