Activists in Arizona plan to submit petitions this week that would put a proposal to legalize the recreational use of cannabis on the November ballot, while in Nebraska a similar drive to legalize medical marijuana is also winding down. In the Grand Canyon State, supporters of the Smart and... Read more
This week, Illinois announced that the state is temporarily suspending the deadline it had planned on for giving out adult-use cannabis grower licenses and cannabis transported licenses. According to an official executive order from Gov. JB Pritzker, by the powers vested in me as the Governor of the State... Read more
The High Times Cannabis Cup Oklahoma: People’s Choice Edition 2020 culminated in a virtual awards show over the weekend, proving that even in the middle of a pandemic, cannabis—and the people who love it and work with it—are unflappable. Here are the winners of this latest Cannabis Cup: Photo... Read more
Customs officials seized nearly five tons of cannabis last week from a truck that was attempting to cross into the U.S. at the Peace Bridge Port of Entry on New York’s border with Canada, federal law enforcement officers announced on Monday. The seizure is the third large pot bust... Read more
Finally, cannabis conviction pardons are coming to Colorado, one of the first states to fully legalize the plant. Colorado has long been under scrutiny for having a mostly white industry, but now, that may change. This past Monday, Governor Jared Polis signed a bill to mass-pardon those with minor... Read more
After soaring nearly 35% in May, the American Cannabis Operator Index pulled back in June, decreasing 9.8% to 27.25: 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 to 70.64 in late December 2018.... Read more
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs SAN DIEGO, July 1, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that... Read more
Canadian licensed producers, which rose in both April and May after twelve consecutive monthly declines through March, reversed some of the recent gains, with the Canadian Cannabis LP Index declining 11.4% to 282.96: Over the past year, the index, which rallied 14.6% during Q2, has declined 68.4%: The index remains substantially... Read more
A Department of Justice office tasked with investigating claims of misconduct in the agency has determined that antitrust prosecutors did not violate rules when they looked into cannabis industry mergers at the request of Attorney General William Barr. Last week, two whistleblowers at the DOJ’s antitrust division (ATR) testified... Read more
Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock SAN DIEGO, June 30, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 2,683,363 shares of its common stock at $83.85 per share for gross proceeds... Read more
