Israel is the most advanced medical cannabis market in the world thanks to the ground-breaking research of Israeli scientists. There are over 100,000 patients with valid cannabis licenses. Beyond this, there is evidence that Jews have used cannabis for religious reasons for thousands of years. But so far, modern Orthodox,... Read more
Newsom announced the revision proposal on May 13, which aims to set aside $150 million in order to “temporarily reduce taxes” and simplify the tax structure, while $21 million will go toward local governments to help expand cannabis’s retail footprint. Newsom said in response to a question from a... Read more
TORONTO, May 16, 2022 /PRNewswire/ – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) today released its financial results for the three months ended March 31, 2022. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. Q1 2022 Highlights 147% increase in net sales compared to Q1 in... Read more
Q1 2022 revenue of $25.7 million, up 8% compared to Q1 2021 Q1 2022 net loss of $2.1 million, compared to net loss of $6.0 million in Q1 2021 Q1 2022 Adjusted EBITDA of $2.6 million All results are reported in United States dollars ($) unless otherwise indicated. LAS... Read more
Charlotte’s Web Delivers Operating Improvements on Lower Revenue in First Quarter of 2022 Revenue decrease largely due to lower eCommerce traffic 14.4% reduction in Operating Expenses Significant improvements in Operating Cash Flow EBITDA(1) improved by $3.5 million DENVER, May 16, 2022 /PRNewswire/ – (TSX: CWEB) (OTCQX: CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”), the market... Read more
SANTA ANA, Calif., May 16, 2022 (GLOBE NEWSWIRE) — Unrivaled Brands, Inc. (OTCQX: UNRV) (“Unrivaled” or the “Company”), a multi-state vertically integrated company focused on the cannabis sector with operations in California and Oregon, today reported its first quarter 2022 financial results for the quarter ended March 31, 2022.... Read more
The inaugural Mendocino Craft Farmers Auction (MCFA) is being held in Mendocino County, as presented by the Mendocino Cannabis Alliance and Mendocino Producers Guild (MPG). Event hosts are Jim Roberts and Brian Adkinson, owners of The Bohemian Chemist cannabis brand. The duo are also the owners of two private... Read more
This week, Canada is celebrating Sugar Cane Cannabis, British Columbia’s first farm-to-gate cannabis facility. It is also the first facility of its kind in Canada to be on First Nations land. The dispensary, located in Williams Lakes, is a major milestone for Canadian cannabis and First Nations people across... Read more
In a rapid turn of events, the German Bundestag’s budget committee has placed pressure on the German Minister of Health, Karl Lauterbach, to present a bill for recreational cannabis reform this year for passage by the end of 2022. If he fails, he will lose part of his ministerial... Read more
The top cannabis regulator in New Jersey faced tough questioning on Thursday during a marathon hearing that looked into the oft-delayed rollout of the state’s adult-use weed program. Jeff Brown, executive director of the New Jersey Cannabis Regulatory Commission, testified before the Senate Judiciary Committee during a hearing that... Read more
