Despite the fact that several campaigns in Arizona are trying to stay relevant by collecting digital signatures, the Arizona Supreme Court won’t accept anything other than in-person signatures, even considering the COVID-19 pandemic. This will impact the Arizona Marijuana Legalization Initiative 2020. The court rejected allowing digital signatures in... Read more
A group of patients who regularly use medical marijuana showed little difference in driving performance after inhaling cannabis, according to the findings of a Canadian study released recently. Results of the study by researchers from the University of Toronto, Health Canada, and the Centre for Addiction and Mental Health... Read more
Last summer, Post Malone founded the lifestyle brand Shaboink and rolled out his line of hemp-derived CBD pre-rolls with Sherbinskis, which were teased at the Hall of Flowers in Santa Rosa, California. But the gravity of recent events shifted the young rapper-turned-popstar’s priorities to address a new call to... Read more
Medical researchers in Israel are planning to study the potential for cannabis to be used as a treatment for COVID-19, the disease caused by the novel coronavirus. The investigators at the Center for Cannabis Research at Rambam Health Care Campus in Haifa have been studying the effect of cannabis... Read more
Some may think legal cannabis and the federal Drug Enforcement Administration (DEA) are less at odds than the DEA was with the illicit market, but that may not be so. A national, cannabis trade group is publicly asking the DEA to keep out of medical cannabis research. They think... Read more
Green Thumb Industries Reports First Quarter Revenue of $102.6 Million and Adjusted Operating EBITDA of $25.5 Million Total revenue increased 35% quarter-over-quarter and 268% year-over-year. Adjusted Operating EBITDA increased 85% quarter-over-quarter, providing the Company with positive free cash flow from operations. Successfully launched adult use sales in Illinois on... Read more
Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update Net revenue of $78.4 million, excluding provisions of $2.9 million, an increase of 18% over prior quarter Consumer cannabis net revenue of $41.5 million, excluding provisions, a 24% increase over prior quarter Cash cost to produce per... Read more
Democrats in the U.S. House of Representatives introduced a coronavirus stimulus and relief bill on Tuesday that includes provisions allowing legal cannabis businesses access to banking services, although the measure does not grant marijuana-related companies eligibility for federal small business loans. The bill, known as the Health and Economic... Read more
Today, Israel announced its approval for exports of medical cannabis, meaning that sales outside of the country can now commence. The nation expects to earn millions in revenue from this move. “This is a significant step for exporters and the Israeli industry, which will enable both expansion of export... Read more
Charlotte’s Web Holdings Reports Q1-2020 Results BOULDER, CO, May 14, 2020 /CNW/ – (TSX:CWEB, OTCQX:CWBHF), Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) the market share leader in full spectrum cannabidiol (CBD) hemp extract products, today reported financial results for the first quarter ended March 31, 2020. All... Read more
