As bailout money for businesses and stimulus checks for individuals come rolling in, one industry is left entirely out of the equation: cannabis. Although in many states, cannabis has been deemed an essential industry and allowed to stay open, that’s not the case in every state, and even in... Read more
The results of a New Jersey poll released on Thursday show strong support for a November ballot measure that would legalize the recreational use of cannabis in the state. The Monmouth University Poll found that more than six out of 10 Garden State residents were in favor of the... Read more
An Israel-based CBD company believes it may have a potential treatment for COVID-19. Stero Biotechs announced this past weekend that it will start a clinical trial this month with the hope of mitigating the effects of those infected with the coronavirus. The study will begin immediately at Rabin Medical... Read more
Cresco Labs Closes Sale-and-Leaseback With Innovative Industrial Properties for Michigan Facility CHICAGO, April 23, 2020–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has completed the agreement to sell its Marshall, MI... Read more
Members of the Lebanese parliament this week passed a resolution legalizing the cultivation of cannabis for medicinal and industrial purposes alike, a move that has been years in the making. Newsweek reports that under the new law, which passed parliament on Tuesday, “farmers would be regulated within the country,”... Read more
State officials in Florida who are attempting to block a constitutional amendment ballot initiative that would legalize adult-use cannabis have filed briefs that explain their legal arguments with the state Supreme Court. Lawyers for the Republican-controlled state Senate and Attorney General Ashley Moody outlined their position against the initiative... Read more
The coronavirus pandemic has brought mixed results to the marijuana industry. While some markets have seen a surge in deliveries, many dispensaries have seen a sharp dip in sales over the last month with would-be customers confined to their homes due to stay-at-home orders. The latter tells the story... Read more
Larry Scheffler (Left) and Dennis Logan (Right) Exclusive Interview with Planet 13 Co-CEO Larry Scheffler and CFO Dennis Logan In 2018, Planet 13 Holdings (CSE: PLTH) (OTCQB: PLNHF) was just launching its Nevada superstore. Now, the Las Vegas store has become an entertainment complex, and the company is preparing... Read more
Add Arizona to the list of states where marijuana sales have jumped amid the coronavirus pandemic. Local television station 3TV/CBS 5 reported this week that “around 17,000 pounds of medical marijuana was sold in the state during March,” which was “up around a ton from February’s figure, and included... Read more
Organigram Holdings Inc. Announces At-The-Market Equity Program MONCTON, New Brunswick-April 22, 2020-(BUSINESS WIRE)–Organigram Holdings Inc. (“Organigram” or the “Corporation”) (TSX:OGI) (NASDAQ:OGI) announced today that it has established an at-the-market equity program (the “ATM Program”) that allows the Corporation to issue up to C$49,000,000 (or its U.S. dollar equivalent) of... Read more
