AFC Gamma, Inc. Announces Financial Results for Third Quarter 2022 WEST PALM BEACH, Fla., Nov. 08, 2022 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFCG” or “AFC Gamma”) today announced its results for the third quarter of 2022. Third Quarter 2022 Highlights Net income of $11.5 million in Q3... Read more
Spanish police said over the weekend that they had completed the largest international seizure of cannabis. The Guardia Civil announced on Saturday that it had dismantled an organization with more than 32 tons of bud stored throughout the country in Toledo, Ciudad Real, Valencia, and Asturias. The raid was... Read more
Smoking too much cannabis and it’s beginning to affect your life in negative ways? Pretty soon a drug in capsule form could be the answer, if pharmaceutical drug developers get their way. South Florida-based clinical research network Segal Trials announced it will conduct a Phase 2B study to investigate... Read more
Regulated sales of cannabis hit record levels in New Mexico during October, with licensed sales of marijuana totaling nearly $40 million for the month, according to data released last week by the state’s Cannabis Control Division (CCD). October was the fourth straight month of record-breaking weed sales in New... Read more
Cronos Group Reports 2022 Third Quarter Results Reported consolidated net revenue increased 3% year-over-year to $20.9 million; on a constant currency basis, consolidated net revenue increased 7% year-over-year to $21.8 million Reported net revenue in Israel increased 88% year-over-year to $7.0 million; on a constant currency basis, net revenue... Read more
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, We... Read more
Entertainment mogul Sean “Diddy” Combs announced on Friday that he is launching what is billed as the world’s largest Black-owned cannabis brand with the $185 million purchase of existing licensed marijuana operations in three states. Combs is purchasing the business operations from Cresco Labs and Columbia Care, two multistate... Read more
Sen. John Hickenlooper on Thursday introduced a bill that would set up the regulatory framework in the event that the federal government legalizes marijuana. Hickenlooper, a Democrat from Colorado, said the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act would help the government ready itself... Read more
Cresco Labs & Columbia Care Announce Planned Divestiture in Three Markets to Sean “Diddy” Combs, Creating the First Minority-Owned, Vertically Integrated Multi-State Cannabis Operator Combs’ Proposed Acquisition Will Create the Largest Black Owned Cannabis Company in The World and Affirms His Commitment to Economic Inclusion of Underrepresented Groups in... Read more
A major British railway station was evacuated earlier this week amid reports of a suspicious package. The item that set off the panic? A weed grinder. OK, it wasn’t just any grinder, but one that was “in the shape of a grenade,” according to BBC. The evacuation occurred on... Read more
