Two employees of a Massachusetts cannabis company have contracted the novel coronavirus, prompting other workers at the firm to criticize its safety measures during the continuing pandemic. State cannabis regulators said on Wednesday that they were “looking into” allegations that New England Treatment Access (NETA) failed to adequately protect... Read more
Marijuana sales in Illinois continue to hum along, three months in the state’s nascent adult-use cannabis program. The Illinois Department of Financial and Professional Regulation announced Thursday that weed sales in March totaled $35,902,543.22, bringing the three-month sales total to more than $110 million since the program kicked off... Read more
Exclusive Interview with TerrAscend Executive Chairman and Interim CEO Jason Ackerman Cannabis operator TerrAscend (CSE: TER) (OTCQX: TRSSF) has a multi-state presence in the United States, a Canadian footprint and distribution capabilities in the European Union. The company is focused on carving out a competitive position in its chosen... Read more
Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with AWH 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 it closed on the acquisition of... Read more
Federal agents discovered more than two tons of illegal drugs in a tunnel underneath the U.S. international border with Mexico, law enforcement officials announced on Tuesday. The drugs, which included marijuana, cocaine, meth, and opioids, have an estimated street value of nearly $30 million dollars, according to a press... Read more
More than half of the participants in a study exploring the placebo effect said that they hallucinated on fake psychedelic drugs, according to researchers from McGill University in Quebec. Results of the study, which was led by a psychiatry Ph.D. candidate who is also a former magician, were published... Read more
Canadian licensed producers experienced their twelfth consecutive monthly decline during March, with the Canadian Cannabis LP Index falling 18.3% to 246.96, slightly worse than the S&P/TSX Composite, which fell 17.7%: Over the past year, the index has declined 77.4%: The index remains substantially below the all-time closing high of 1314.33 in September... Read more
Already down sharply through February, the Global Cannabis Stock Index extended its losses with a 24.9% decline during March, ending at 23.58 despite a bounce from record lows mid-month: The index, which had 41 qualifying members during the month following the quarterly rebalancing at the end of December, declined 34.1% in... Read more
New Yorkers will likely have to wait another year before getting legal weed. The state’s governor, Andrew Cuomo, said Tuesday that legalization for recreational marijuana use will not be included in this year’s budget deal. “Not likely,” the Democrat said at a press briefing on the COVID-19 pandemic. “Too... Read more
Colorado regulators have now decided that the state’s recreational marijuana dispensaries can reopen, following a previous order that limited the retailers to curbside pickup. The executive order for nonessential businesses to close was originally issued by Gov. Jared Polis on March 22 in an attempt to contain the spread... Read more
