After retreating almost 27% in Q3, the Canadian Cannabis LP Index extended its losing streak to six months as it fell again in December, declining 13.5% to 194.95: The index, which fell 30.1% in 2020 to end at 275.16, fell 26.0% in Q4 and 29.2% for all of 2021: It remains... Read more
The Global Cannabis Stock Index fell for the tenth consecutive month, declining 11.5% to 32.85: The index, which was down 21.2% in Q3, had 42 qualifying members during the month and was down 27.0% in Q4. After increasing 5.2% in 2020 to 44.39, it fell 26.0% in 2021. It has declined 64.5%... Read more
The American Cannabis Operator Index ended 2021 with its 10th consecutive decline, falling 6.8% to 44.75: The Q4 decline of 23.4% followed a 22.8% loss in Q3. After gaining 45.7% in 2020, when it ended at 63.05, the index was down 33.9% in 2021: The index, which launched at the end... Read more
Following up on our discussion earlier this year about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March. The index has outpaced the overall market since the launch, and in December it fell less than... 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 A challenging year ended with another loss this week M&A continued to be a key story 420 Investor model portfolios have returned -21.8% to 16.6% year-to-date,... Read more
Mississippi Governor Tate Reeves revealed on Tuesday that he will not sign a medical cannabis bill proposed by state lawmakers, saying the legislation allows patients access to too much medical cannabis. In a message posted to Facebook, the Republican governor wrote that he would support the measure if the... Read more
According to a new research report, “Changes in and correlates of Australian public attitudes toward illicit drug use,” published in the Drug and Alcohol Review, attitudes towards cannabis have rather dramatically shifted in Australia. The National Drug Strategy Household Survey (or NDSHS) is a national cross-sectional survey of drug... Read more
On December 29, United Food and Commercial Workers (UFCW) Local 328—representing roughly 11,000 Rhode Island and Massachusetts frontline workers—announced a victory for Greenleaf Compassionate Care Center employees in Portsmouth, Rhode Island, preserving their right to openly discuss unions and other workers’ rights. Like most other industries, workers in medical... Read more
Green Thumb Enters Minnesota through Acquisition of LeafLine Industries Acquisition of one of only two vertical licenses in Minnesota, including an operating cultivation facility and five open retail locations Expands production capacity and scales distribution capabilities while broadening access to medical cannabis products for Minnesota patients Increases national presence... Read more
A national advocacy group has submitted two separate proposals that would decriminalize psychedelics in Colorado in an effort to put the issue before voters in next year’s general election. New Approach PAC, a Washington, D.C.-based political action committee, filed the decriminalization proposals with the office of the Colorado Secretary... Read more
