While it may sound “old hat” to cannabis industry experts in North America, the government of Argentina has just made a bold move that will allow patients to access medical cannabis in a way not seen in most reforming jurisdictions elsewhere. Namely, the Argentine Ministry of Health has authorized... Read more
Cannabis advocates have a reason to rejoice this Friday with federal legislation moving forward to decriminalize cannabis at the federal level, which would change everything. The U.S. House of Representatives approved the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, or H.R. 3617, in a floor vote Friday. It’s the... Read more
IM Cannabis Reports Record Fourth Quarter and Fiscal Year 2021 Financial Results and Provides First Quarter 2022 Outlook Fiscal Year 2021 revenues increased 242% year-over-year to a record of over $54 million Q4 2021 revenues increased 309% year-over-year and 39% compared to Q3 2021 Sequential revenue growth and gross... Read more
Schwazze Announces Fourth Quarter & Full Year 2021 Results OTCQX: SHWZNEO: SHWZ Revenue Increases 352% to $108.4 Million Compared to $24.0 Million for the year-ended 2020 Net Income attributed to Common Shareholders of $7.2 Million Compared to Net Loss of ($19.4) Million for year-ended 2020 Adjusted EBITDA of 29.7% Compared... Read more
After breaking a string of eleven consecutive monthly declines in February, the American Cannabis Operator Index fell 4.2% in March to 38.99: The index, which fell 23.4% in Q4, has declined 6.5% in 2022 from its year-end 2021 close of 41.71, though it has lifted 12.3% from the 2022 closing low... Read more
Innovative Industrial Properties Prices Public Offering of 1,578,948 Shares of Common Stock SAN DIEGO, April 01, 2022–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 1,578,948 shares of its common stock at $190.00 per share for gross proceeds of... Read more
After 12 consecutive monthly declines, the Global Cannabis Stock Index lost 0.2% in March, closing at 28.25 to extend the streak to 13 months. The index, which was down 27% in Q4 and then fell 12.9% in January and 1.1% in February, had 38 qualifying members during the month. The index has... 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 The House passed the MORE Act again Ohio’s medical cannabis market continues to grow 420 Investor model portfolios have returned 5.4% to 6.8% year-to-date, while the... Read more
Thailand hasn’t always prohibited cannabis; it’s part of the culture. Ganja plants were typically grown on the side of the house and used in traditional Thai medicine and Thai massage. Even today, some grandparents cultivate a few plants and toss a couple of leaves in their Tom Yom (traditional... Read more
Rally-goers this week “called for a fairer process to get a marijuana dispensary license in Illinois,” according to local news reports. Local television station WLS reported that a group gathered Tuesday at the Thompson Center in Chicago to raise objections after Illinois Gov. J.B. Pritzker announced a lottery earlier... Read more
