New Yorkers will likely have to wait another year before getting legal weed. The state’s governor, Andrew Cuomo, said Tuesday that legalization for recreational marijuana use will not be included in this year’s budget deal.  “Not likely,” the Democrat said at a press briefing on the COVID-19 pandemic. “Too... Read more
Colorado regulators have now decided that the state’s recreational marijuana dispensaries can reopen, following a previous order that limited the retailers to curbside pickup. The executive order for nonessential businesses to close was originally issued by Gov. Jared Polis on March 22 in an attempt to contain the spread... Read more
Tilray, Inc. Releases 11 Million Shares From Lock-Up Agreement NANAIMO, British Columbia, March 31, 2020-(BUSINESS WIRE)–Tilray, Inc. (NASDAQ: TLRY) (“Tilray”), a global pioneer in cannabis production, research, cultivation and distribution, today announced that the Board of Directors of Tilray unanimously approved the pro rata release of 11 million shares... Read more
CannTrust Obtains Initial Order under Companies’ Creditors Arrangement Act (Canada) Order Stays Creditors and Litigation Plaintiffs from Enforcing Claims VAUGHAN, ON, March 31, 2020 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) announced today that the Company has obtained an order (the “Initial Order”) from... Read more
The American Cannabis Operator Index fell for the twelfth consecutive month, declining 27.9% to 21.09, its lowest monthly close since inception: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining to 70.64 in late... Read more
The COVID-19 pandemic could accelerate the legalization of marijuana deliveries in Illinois. Sonya Harper, a Democratic state House representative from Chicago, had already introduced a bill last month that would open the door for both medical and recreational cannabis customers to receive their products via delivery.   Harper’s legislation would... Read more
The U.S. Justice Department charged Venezuelan President Nicolás Maduro and several other government officials of drug trafficking last week, accusing them of conspiring with Colombian insurgents to smuggle tons of cocaine to the United States. The charges were announced by U.S. Attorney General William Barr at a video press... Read more
Cannabis technology platform Fyllo announced on Monday that it is launching a new software tool that helps companies ensure that advertising and other creative content is compliant with applicable regulations. The new tool, known as Compass, allows brands in the cannabis industry to quickly verify compliance using Fyllo’s proprietary... Read more
A new poll shows that a majority of Americans believe that cannabis dispensaries should be considered essential services that are allowed to remain open during lockdowns ordered to slow the spread of the novel coronavirus. The online poll, conducted by YouGov on March 25, found that 53% of U.S.... Read more
Cronos Group Reports 2019 Fourth Quarter and Full-Year Results Completed Audit Committee Review and Restated Certain 2019 Unaudited Interim Financial Statements Expanded Canadian distribution to new provinces and product categories across the adult-use market Established Cronos Fermentation, a critical step in advancing the production of cultured cannabinoids in partnership... Read more

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