AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Q4 2023 Net Revenue Increased 25% Year-over-Year to $140 million Q4 2023 Adjusted EBITDA Increased 15% Year-over-Year to $32 million Full Year 2023 Net Revenue Increased 28% Year-over-Year to $519 million Full Year 2023 Adjusted EBITDA Increased 14% Year-over-Year... Read more
The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber... Read more
Voters in Humboldt County last week soundly rejected a ballot measure that would have tightened regulations on the area’s famed cannabis industry. Known as Measure A, the initiative was defeated at the polls on March 5, with more than 73% of the voters casting their ballot against the proposal.... Read more
According to multiple reports late last week, MedMen has shuttered all but two of its stores in California. “Only MedMen stores in San Diego and near Los Angeles International Airport remain open,” MJBizDaily reported on Friday.  Green Market Report, citing a former staffer at the company, reported that “... Read more
Amsterdam, a city long associated with relaxed weed rules, has been left out of a pilot experiment with legal cannabis sales now underway in the Netherlands. In a vote last week in the Netherlands’ lower house of Parliament known as the Tweede Kamer, lawmakers excluded Amsterdam from a list... Read more
The Virginia Department of Forensic Science (VDFS) recently released a report regarding its federal funded study to research reliable testing methods for detecting THC in blood. DFS was originally granted $290,353 in 2020 by the Department of Justice’s National Institute of Justice. “The goal of this research project is... Read more
Encouraging outcomes from a clinical study on the LSD-analog substance MM120, or lysergide d-tartrate, have led the Food and Drug Administration (FDA) to designate it as a “breakthrough therapy” for treating generalized anxiety disorder (GAD). The designation of “breakthrough therapy” is awarded to expedite the development and review of... Read more
President Joe Biden issued his State of the Union address on Thursday, March 7, and among many topics, he said he’ll direct his Cabinet to consider reclassifying cannabis at the federal level. It’s the first time that a president of the United States addressed cannabis reform as part of... Read more
Using cannabis for pain relief is nothing new. Across the U.S., most states include chronic pain as a qualifying condition for medical cannabis. Looking broader, individuals around the globe are already embracing cannabis for these pain-relieving qualities alongside the additional benefits it may offer. While we’re still learning exactly... Read more
Jason Harris founded Jerome Baker Designs Inc. (JBD) in Eugene, Oregon, in 1991. As a dyed-in-the-wool deadhead with THC pumping through his veins, he chose Jerry Garcia’s first name, Jerome, and a last name, Baker, to denote “baked” as his pseudonym, fearing repercussions from cops. Through the years, he... Read more
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