Innovative Industrial Properties Reports Second Quarter 2020 Results Investments Drive 183% Q2 Total Revenues, 322% Q2 Net Income and 263% Q2 AFFO Growth Year-over-Year SAN DIEGO, August 05, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR)... Read more
An analysis of police arrest data in Albany, New York shows that racial disparity in the enforcement of marijuana laws in Albany continues, despite assurances from the city’s police chief that the issue would be investigated following a report from a civil rights group last year. In April 2019,... Read more
Breaking records has become a monthly tradition for Illinois’ still-young recreational cannabis market. Just as with June, and May before that, July represented a new-high for weed sales in the Land of Lincoln. Marijuana shops in the state raked in nearly $61 million last month, according to the Chicago... Read more
As the country gets ready for the much-debated November 2020 elections that are fast approaching, election scorecards are being released, taking the pulse of the country and how we feel about hot-button issues. According to Michigan’s cannabis-focused election scorecard, the once-liberal issue of cannabis is now becoming increasingly bipartisan. ... Read more
Senate Majority Leader Mitch McConnell mocked Speaker of the House Nancy Pelosi on Monday, saying that her support for cannabis in a coronavirus relief and stimulus bill is a carve-out for special interests that is unrelated to the pandemic. In May, the House of Representatives passed the Health and... Read more
Cannabis stocks recovered nearly all of the losses from June during July, with the Global Cannabis Stock Index increasing 9.0% to 32.07: The index, which had 37 qualifying members during the month following the quarterly rebalancing at the end of June, declined 34.1% in 2019 to 42.20 and is now down... Read more
Supreme Cannabis Announces Agreement to Partially Convert and Amend Debentures Supreme Cannabis reduces principal amount to $36.5 million from $100.0 million Extends maturity date on $36.5 million of remaining Debentures to September 1, 2025 and reduces conversion price to $0.285 Reduces annual interest payments by over 50% TORONTO, Aug.... Read more
Adding to a 29% gain in Q2 despite a pullback in June, the American Cannabis Operator Index rocketed higher in July, increasing 26.7% to 34.53: The index, which launched at the end of October 2018 with a value of 100, reached a closing high of 124.16 a week later before declining... Read more
FDA Approves EPIDIOLEX® (cannabidiol) Oral Solution to Treat Seizures Associated with Tuberous Sclerosis Complex – Age-range for all EPIDIOLEX indications expanded to include patients one year of age and older – – Third indication approved for EPIDIOLEX, the only FDA-approved Cannabidiol (CBD) medicine – CARLSBAD, Calif., Aug. 03, 2020... Read more
After dropping 11.4% in June, the Canadian Cannabis LP Index managed only a slight recovery in July due to weak performance from the largest LPs, gaining 0.8% to 285.33: Over the past year, the index has declined 64.0%: The index remains substantially below the all-time closing high of 1314.33 in September 2018, just... Read more
