A new study lends more support to the notion that medical marijuana could help curtail opioid dependency. The research, published last month in the Journal of Psychopharmacology, found “behavioral economic evidence that cannabis access may modestly reduce demand for opioids in persons who have pain.” The team of researchers... Read more
4Front Ventures Announces $22 Million U.S. of New Funding Company announces binding agreement for sale of its Assets in Pennsylvania and Maryland netting over $18 million U.S. in cash Company secures $4 million U.S. through private placement Transactions enable the Company to reach cash flow positive in 2020 PHOENIX,... Read more
Cannabis stocks snapped a three-month losing streak, with the Global Cannabis Stock Index rallying 8.6% to 25.60: The index, which had 35 qualifying members during the month following the quarterly rebalancing at the end of March, declined 34.1% in 2019 to 42.20 and is now down 39.3% in 2020: After posting... Read more
Constellation Brands Exercises Warrants to Acquire Shares in Canopy Growth, Reinforcing Confidence in Canopy Growth’s Ability to Win Long-Term in Emerging Cannabis Industry VICTOR, NY and SMITHS FALLS, ON, May 1, 2020 /PRNewswire/ – Constellation Brands, Inc. (“Constellation Brands”) (NYSE: STZ) and (NYSE: STZ.B), a leading beverage alcohol company,... Read more
State regulators in Illinois announced on Wednesday that they will delay awarding licenses for 75 new recreational marijuana dispensaries because of the COVID-19 coronavirus pandemic. The Illinois Department of Financial and Professional Regulation (IDFPR) said that the licenses, which were scheduled to be awarded on May 1, will be... Read more
In order to meet the needs of cannabis users across the state, Maryland is allowing medical dispensaries to remain open during the COVID-19 pandemic with some loosened restrictions to make sure everyone has access. Southern Maryland dispensaries in general are working to make sure accessibility is the number-one priority.... Read more
Fire & Flower Announces 2019 Fiscal and Fourth Quarter Financial and Operational Results EDMONTON, April 30, 2020 /CNW/ – Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSX: FAF), today announced its financial and operational results for the fifty-two and thirteen-weeks ended February 1, 2020. Financial and Operational Highlights for... Read more
After twelve consecutive monthly declines, the American Cannabis Operator Index extended its rally of off its all-time low set in March, increasing 6.3% to 22.42: 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
Canadian licensed producers finally broke a twelve-month streak of monthly declines during April, with the Canadian Cannabis LP Index rising 7.6% to 265.65, slightly lagging the S&P/TSX Composite, which rose 10.5%: Over the past year, the index has declined 75.5%: The index remains substantially below the all-time closing high of 1314.33 in... Read more
A disturbing video that surfaced this week shows a California police officer throwing punches at a minor who was reportedly suspected of smoking marijuana. In the 30-seconds of footage, an officer with the Rancho Cordova Police Department can be seen kneeling over the suspect on the ground while apparently... Read more
