The American workforce failed drug tests at the highest rate in nearly two decades last year, according to new data released this week. That finding comes via Quest Diagnostics, one of the largest providers of drug tests, which said that 2019 was a 16 year high in workforce drug... Read more
Cansortium Inc. Reports Second Quarter Financial Results Company achieves record revenue, more than doubling last year’s second quarter revenue MIAMI, Aug. 26, 2020 /PRNewswire/ – Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated provider of premium-quality medical cannabis, today announced financial results for its second quarter... Read more
Columbia Care Announces September 1st Closing Date to Complete Acquisition of The Green Solution At Close, Columbia Care Will Become the Largest Cannabis Operator in Colorado, the 2nd Largest Cannabis Market in the World Fully Integrated Operating Portfolio Includes 23 Dispensaries and Six Cultivation and Manufacturing Facilities Expected to... Read more
Ayr Strategies Reports Financial Results & Reaches Agreements to Enter New Markets Q2 Results In-Line with Earnings Pre-Announcement Issued on July 6, 2020 Ayr has Delivered Dramatic Improvements Across Key Financial Metrics Each Month Through July 2020 As of July 2020, Operating at an Annual Revenue & Adjusted EBITDA... Read more
Pennsylvania Gov. Tom Wolf called for the legalization of recreational marijuana on Tuesday, telling state lawmakers that taxes levied on cannabis sales could be used to fund COVID-19 pandemic relief efforts. As the Democratic governor announced his legislative agenda, Wolf asked the Republican-led legislature to focus on pandemic recovery,... Read more
The regulatory agency charged with overseeing Oklahoma’s medical marijuana program has opened an investigation into a cannabis testing lab in the state over allegations of false product test results, Tulsa World reported on Monday. A spokesperson for the Oklahoma Medical Marijuana Authority confirmed to the newspaper that the Oklahoma... Read more
In Vermont, the House and Senate are working on legislation that would create a legal marketplace for cannabis in the New England state. They are now considering adding further expunging of cannabis convictions to the legalization package. Both legislative bodies currently support such a measure and are looking for... Read more
The Netherlands has pioneered many parts of the cannabis industry as it has evolved and changed over the last half century. See the eponymous coffee shop. As a nation, Holland is home to an entrepreneurial ethos that feels like a mixture of American free market economics overlaid on European... Read more
TILT Holdings Announces Financial Results for the Three and Six-Months ended June 30, 2020 Gross margin1 of 28.3%, a 384 basis point improvement year-over-year Positive cash flow from operations for second consecutive quarter, a 196% improvement year-over-year Cannabis revenues during the six-months ended June 30, 2020 up 103% year-over-year Operating expenses decrease... Read more
Minnesota’s White Earth Nation voted last Tuesday to fully legalize medical cannabis on the reservation. Now, all growing, regulating, and distribution will be allowed within the borders of the tribe as soon as they are able to get their distribution up and running. The vote was approved at a... Read more
