Indonesia made a splash when a decree from earlier this year declaring cannabis a “medical plant” in the eyes of the government officially got on the public’s radar. Now, the Agricultural Ministry in Indonesia is revising this decree, as cannabis is still illegal in Indonesia with no legalization in... Read more
Harborside Inc. Reports Second Quarter 2020 Financial Results Generates Gross Revenue of $16.1 Million and Continued Positive Adjusted EBITDA (¹) Reports Strong Combined Gross Margin of 49.8%(¹) Driven by Improved Harvest Yields and Higher Wholesale Volumes Trading of the Company’s Shares Expected to Resume on or About September 2,... Read more
After dropping more than 11% in June with only a modest bounce in July, the Canadian Cannabis LP Index continued to struggle in August, losing 6.7% to 266.31: Over the past year, the index has declined 62.1%: The index remains substantially below the all-time closing high of 1314.33 in September 2018, just ahead... Read more
Overcoming pressure on Canadian LPs and CBD companies with very strong performance from American cannabis operators, the Global Cannabis Stock Index extended July gains during August by increasing 2.1% in choppy trading to 32.74: The index, which had 37 qualifying members during the month following the quarterly rebalancing at the end... Read more
In case you missed our Cannabis Cup Digital Awards show this weekend, here are all the winners of the Cannabis Cup Colorado: People’s Choice 2020! Photo Credit: Mark Kazinec Indica Flower First Place: Mandarin Sunset by IndicoSecond Place: MAC by High Level HealthThird Place: Skunkberry by One Farms Photo... Read more
Should Nebraska voters approve a measure legalizing medical marijuana this year, be prepared for workers in the Cornhusker State to clock in before they’ve come down. That was the warning issued Monday by the state’s Republican governor, Pete Ricketts. At a press conference, Ricketts dismissed the legitimacy of cannabis... Read more
Virginia made history last week when the state Senate approved a bill that would stop police officers from pulling over and searching vehicles simply because they smell of cannabis. The bill is meant to help stop racial profiling against people of color. This is a big deal because Black... Read more
With the economic downturn brought about by the continuing COVID-19 pandemic, lots of folks have had to take the drastic step of cutting back on the weed budget. And even if the chaos hasn’t affected your finances, you might find that the stress of the situation we now call... Read more
Planet 13 Announces Second Quarter 2020 Financial Results Q2 2020 Revenue of $10.8 million; EBITDA loss of $0.7 million July 2020 & August revenue of $15.1 million1 All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, NV / ACCESSWIRE / August 31, 2020 /... Read more
4Front Announces Second Quarter 2020 Results and Business Update Q2 2020 Systemwide Pro Forma Sales, excluding divested non-core assets, increased 1.3% from Q1 2020 to $19m, despite an approximate 10% revenue impact due to the closure of Chicago dispensary in June because of looting. Company achieves positive operating cash... Read more
