A proposal in the South Dakota legislature to legalize recreational pot finally cleared one hurdle last week only to be stymied by another on Monday. But the legislation, Senate Bill 3, may not be completely dead just yet, much to the joy of advocates. The bill, which sought to... Read more
A new study published in the journal Neuropsychopharmacology provided results from one of the first modern clinical investigations of its kind to compare the effects of psychedelic drugs lysergic acid diethylamide (LSD) and psilocybin. Researchers recorded few qualitative subjective differences between the two drugs, as test subjects had trouble... Read more
Recreational pot sales in Virginia will have to wait until at least next year, after Republican lawmakers in the commonwealth shot down a bill on Monday. This continues the saga of cannabis setbacks in the commonwealth. The Democratic-controlled state Senate last week passed the bill, which would have launched... Read more
Sales of medicinal cannabis flower began in Minnesota on Monday, giving the state’s medical marijuana patients a new and more affordable option to access their medicine of choice. The Minnesota Department of Health announced in February that cannabis flower would be added to the state’s medical marijuana program, which... Read more
The Global Cannabis Stock Index fell for the 12th consecutive month, declining 1.1% to 28.31: The index, which was down 27% in Q4 and then fell 12.9% in January, had 38 qualifying members during the month. The index has now declined 13.8% in 2022. After increasing 5.2% in 2020, it fell 26.0%... Read more
GrowGeneration Reports Record Fourth Quarter and Full Year 2021 Financial Results; Introduces Full Year 2022 Guidance Record Revenue of $422.5 million and Adjusted EBITDA of $34.5 million in 2021 Revenues increased 46% to $90.6 million in the fourth quarter and increased 119% to $422.5 million for the full year 2021. Net income for the full year was $12.8... Read more
Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2021 Results Company Provides Full Year 2022 Outlook SHOEMAKERSVILLE, Pa., March 01, 2022 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled... Read more
First of two acquisitions to create StateHouse Holdings OAKLAND, Calif. and TORONTO, March 1, 2022 /PRNewswire/ – Harborside Inc. (“Harborside”, or the “Company”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced that it completed the previously announced acquisition of UL Holdings Inc. (“Urbn Leaf”), a... Read more
The Valens Company Reports Fourth Quarter and Fiscal Year 2021 Financial Results Provincial sales net revenue increased 31.7% to $7.9 million in Q4 2021 compared to $6.0 million in Q3 2021 Canada-wide provincial listings increased 21.0% to 219 in Q4 2021, compared to 181 in Q3 2021, with further... Read more
Green Thumb Industries Reports Fourth Quarter and Full Year 2021 Results CHICAGO and VANCOUVER, British Columbia, March 01, 2022 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb,” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RYTHM, Dogwalkers, incredibles,... Read more
